"The Green Alternative"
Thorium Energy, Inc, has changed its name to U.S. Rare Earths, Inc., "USRE" website: http://www.usrareearths.com/eco/index.php. Effective as of the open of trading on October 28, 2011, the company's shares will begin trading under the new symbol "UREE".
Thorium: "The Lemhi Pass district has the largest known resource of thorium veins in the United States” US Geological Survey
Thorium Energy, Inc. has one of the largest documented high-grade thorium properties in the world-approximately 80% of the U.S. known and estimated reserves. Thorium is a superior nuclear fuel and has several important advantages over uranium:
Rare Earth Metals: "The Lemhi Pass thorium veins not only have substantial resources of rare earths but also tend to be abnormally enriched in Nd (neodymium).” - US Geological Survey
In addition, Thorium Energy, Inc. also has large resources and reserves of high-grade, rare earth metals within its properties. The United States uses over $1 Billion of rare earth metals annually - the majority of which is becoming increasingly owned by and imported from China at a rapid pace.
- Rare earth metals are VITALLY important to the US national security and defense.
- Rare earth metals are CRITICAL to many "green" technologies such as; wind generation, hybrid vehicles and magnets.
- Rare earth metals have a growing US government and industrial demand, and a supply that is INCREASINGLY jeopardized by restrictive Chinese export quotas.
United States Government Thorium Legislation (Also see "Legislation Tab")
Senate Bill, S.3680: Senator's Orin Hatch and Harry Reid - To amend the Atomic Energy Act of 1954 in order to provide for thorium fuel cycle nuclear power development as a prelude to electrical generation. http://www.govtrack.us/congress/billtext.xpd?bill=s110-3680
Congressional Bill HR1534:
Congressman Joe Sestak - To direct the Secretary of Defense and the Chairman of the Joint Chiefs of Staff to carry out a study on the use of thorium - liquid fueled nuclear reactors for naval power needs, and other purposes. http://www.govtrack.us/congress/billtext.xpd?bill=h111-1534June 20, 2009: http://newsblaze.com/story/20090620073754zzzz.nb/topstory.html
Congressional Bill HR2015:
Congressman Joe Sestak - To instruct the Secretary of Energy to carry out a study of thorium-fueled nuclear reactor technology to determine where the US stands compared to the rest of the world in the development and deployment of this technology. http://www.govtrack.us/congress/billtext.xpd?bill=h111-2015June 29, 2009: http://sestak.house.gov/apps/list/press/pa07_sestak/PR_090626_CapTrade.shtml
Congressional Rare Earths Support:
Congressman Coffman supporting legislation concerning the strategic importance of rare earths:
June 29, 2009: http://coffman.house.gov/2009/06/congressman-coffman-comments-on-fiscal-year-2010-defense-authorization-bill.shtml Senator Evan Bayh (D-IN) and Representative Mike Coffman (R-CO) have both included amendments in the Fiscal Year 2010 National Defense Authorization Act requiring a government assessment of the availability of rare earth materials to support industry and the defense market. These studies will culminate with a report that proposes a strategy for ensuring a long-term domestic supply of rare earth materials, a report Thorium Energy Inc. believes will spur increased interest in the domestic market.
United States Geological Survey (U.S.G.S.) Reports
**** NEW PRESS RELEASE OCT 08, 2009****
New USGS Rare Earth Report Includes Thorium Energy, Inc.
Featured News Article(s);
China Tightening Control of Rare Earth Minerals - NYTimes.com
Sumitomo deal with Kazakhstan to supply rare earth minerals
August 12, 2009 Leo Lewis, Asia Business Correspondent for Times Online
US News & World Report; America's New Energy Dependency: China's Metals
A clean-energy economy needs rare-earth metals to succeed. China has a near monopoly
Thorium Energy Inc's Blog
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