Uranium is a very heavy metal which can be used as an abundant source of concentrated energy.
Uranium occurs in most rocks in concentrations of 2 to 4 parts per million and is as common in the Earth's crust as tin, tungsten and molybdenum. Uranium occurs in seawater, and can be recovered from the oceans.
Uranium was discovered in 1789 by Martin Klaproth, a German chemist, in the mineral called pitchblende. It was named after the planet Uranus, which had been discovered eight years earlier.
Uranium was apparently formed in supernova about 6.6 billion years ago. While it is not common in the solar system, today its slow radioactive decay provides the main source of heat inside the Earth, causing convection and continental drift.
The high density of uranium means that it also finds uses in the keels of yachts and as counterweights for aircraft control surfaces, as well as for radiation shielding.
Uranium has a melting point is 1132°C. The chemical symbol U. World Nuclear Association
Russell
"You thus have uranium in your blood cells and tissues, strontium and calcium in your bone marrow, and other radioactively liberated particles affecting every part of your body, its genes, hormones and even unto the destruction of the proteins of your hair and nails, all confined within one particle." [Atomic Suicide, page 263]
Schauberger
As a negatively supercharged trace-element, uranium is present in all cells, which also explains the decay of cells and tissues normally referred to as cancer. In the forest this is manifested in the enlargement of the annual rings in over-illuminated, shade-demanding species of timber. Thus is also revealed the cause of the huge spread of the scourge of the technical age - cancer, whose actuator comes to life in decadent cells through over-acidified food, in drinking and cooking water, and in air polluted by exhaust fumes. Here too we encounter tree-cancer, to which these decadent cells give rise and which is transferred to the tree by over-acidified nutrients. Iron molecules are particularly dangerous, if they are swept up into the atmosphere along with the fumes from iron-smelting blast-furnaces, for as catalysts they contribute to the interaction between low-grade elements and inaugurate conditions conducive to lung cancer. [The Energy Evolution - Harnessing Free Energy from Nature, The Biological Vacuum - The Optimal Driving Force for Machines]
THE “OTHER” U92 MILLIONAIRES…
Think the millionaires of the Uranium boom were all made in the mines? Think again!
Imagine walking into a coffee shop in downtown Salt Lake City, buying a few thousand shares of a uranium company for a penny apiece, and watching your investment skyrocket before you even finish your coffee.
Sounds like a movie scene but it actually happened!
This was happening in the 1950s, and the commodity everybody wanted was uranium!
Following Charlie Steen’s spectacular Mi Vida discovery near Moab in 1952, the Colorado Plateau became ground zero for one of America’s wildest mineral rushes. The federal government was desperately looking for uranium to fuel its growing atomic weapons program, and the Atomic Energy Commission was offering guaranteed purchase prices and discovery bonuses… and, suddenly, everybody wanted in.
And Salt Lake City became known as the Wall Street of the west!
It started getting really interesting in 1953 when a promoter named Jay Walters Jr. arrived in Salt Lake City with an idea. He organized the Uranium Oil and Trading Company, issuing 3 million shares at just one cent each. Traditional brokerage firms weren’t particularly interested, so shares began changing hands over a coffee counter inside the Continental Bank & Trust building.
Yes, a coffee counter!
The stock reportedly jumped more than 500% within a month! And that was all the encouragement investors needed.
Housewives, schoolteachers, mechanics, insurance executives and practically anyone with a few spare dollars started buying uranium stocks. You didn’t necessarily need to know anything about geology. You just needed to believe the next Charlie Steen was out there somewhere.
By the end of 1954, 81 uranium companies were listed with the Utah Securities Commission. The brokerage business exploded, growing from approximately 20 stockbrokers in 1953 to 112 the following spring.
And the trading numbers were unbelievable.
On May 24, 1954, following a radio report about a uranium discovery by Federal Uranium, approximately 7 MILLION shares of uranium stock changed hands in a single day.
Companies with names like Lisbon Uranium, Standard Uranium, Federal Uranium and Apache were attracting enormous attention.
Some investors made fortunes.
One particularly interesting example was Lisbon Uranium. Salt Lake businessmen Zeke Dumke and A. Payne Kibbe acquired promising claims near the Mi Vida from Charlie Steen. When shares were offered in January 1954 at 20 cents apiece, investors quickly bought in.
Standard Uranium was another sensation. Its initial offering sold out on the first day, with 1.43 million shares offered at $1.25 each.
And then there were the actual miners and prospectors. Men who had been broke a year earlier were suddenly selling claims, negotiating royalties, receiving company stock and becoming millionaires.
But there was another side to this story.
For every legitimate discovery, there were companies promoting claims that had little or no commercial uranium. Some investors were buying shares in businesses that had barely done any exploration at all. The SEC took notice and got involved. The excitement quickly cooled. Not every claim contained ore, not every company survived, and plenty of investors discovered that a stock certificate wasn’t worth much if there was nothing underground to back it up.
Still, for a brief period, Salt Lake City experienced a financial frenzy unlike anything the region had seen. It went from having no exchange to a western hub overnight! It was a time when a penny stock, a promising geological formation and a little imagination could turn an ordinary person into a millionaire sometimes! Would you have thrown a few dollars into a one-cent uranium stock in 1954? I probably would have…
If these stories are interesting you, check out the book “Uranium Frenzy, the saga of the nuclear west” by Raye Ringholz and also when in town stop by and tour the Moab Museum for great history about the area! It’s a very cool place!
See Also
A Russellian Extrapolation of the Creation of Alphanon from Plutonium Decay
Alpha Particle
fission
Howard Balsley
killer metal
Manhattan Project
Table of the Elements - Russell Elements
The Russell Nine Octave Chart of the Elements
Uranium Salts
uranium rays
Y-12 Electromagnetic Separation Plant
