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Newspaper
Vernal Express
Location
Vernal, Utah, United States of America
Date
Feb 17, 1955
Page
7
Monticello Utah grows with uranium industry reshaping its economy and housing needs. The community struggles to keep pace with rising population while providing schools and facilities amid shifting demographics and labor from nearby mines.
Monticello features diverse churches led by a large Mormon congregation along with two new schools and planned additions. The area offers hunting and fishing access, nearby mines fueling the uranium boom, and plentiful job opportunities for carpenters and miners, drawing workers from afar while housing lags.
Veteran uranium men outline long term exploration and investment strategies. They advise targeting modest commercial deposits, forming partnerships, and securing state federal mining law knowledge. Emphasis on careful budgeting, optimal milling scale, depletion allowances, and consulting AEC officials before mining.
Each year the oil industry spends 100 million dollars on research and employs nearly 20,000 trained chemists and researchers. Daily they discover new products or new uses for old products all made from oil.
A Chicago group acquired control of Blacke Mammoth Consolated Mining Co of Tonopah Nevada by purchasing 1450 shares. The company now has 4950000 outstanding. New headquarters will be in Grand Junction Colorado with plans for mining exploration and uranium property. J M Powelson was elected president and treasurer James Py Johnson secretary.
A General Services Administration spokesman said the Deming ore purchase depot has only one third of its strategic manganese ore quota. The 2 acre government depot holds about 2,000,000 long ton units of ore out of the authorized procurement volume.
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