Word: shiprock
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Dates: during 1950-1959
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...Kerr. As far back as 1951, the company was the first oil producer to decide that uranium, instead of being competitive with oil, was a supplemental and profitable field. In 1952, with $700,000, Kermac bought New Mexico's small Navajo Uranium Co., built a mill at Shiprock, N. Mex., did so well that it has expanded operations to a total of $3.3 million. By spending $100,000 a month for more exploration, it uncovered sizable reserves near Grants, N. Mex., thus became a major producer...