Word: uranium
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...Uranium stocks dipped with Howe's announcement but bounced back fast. There was no panic selling of uranium shares, and the only companies that seemed depressed were a few small, speculative outfits which may have trouble getting into production in the 20 months Howe allowed them. Heads of the bigger companies took Howe's statement as a fair warning that Canada and the U.S. will not go on indefinitely paying a premium price for stockpile uranium. Said Franc Joubin, president of Algom Uranium and discoverer of Ontario's Blind River field: "This is the orange light before...
...Howe flash the warning? Howe himself did not say, and tight-lipped U.S. Atomic Energy Commission officials in Washington would add nothing. But William Bennett, head of Atomic Energy of Canada, Ltd., hinted that Ottawa had received word from Washington putting a definite ceiling on the amount of Canadian uranium the U.S. will contract...
Bennett professed not to know whether Washington's cutback plans were caused by an ample supply of uranium in the U.S. or by the prospect of some workable new process that could make uranium obsolete as a nuclear fuel. If the latter was the case, Canada was obviously unaware of it. Almost simultaneously with Howe's policy statement, the government revealed the details of Canada's first atomic power station, an $11 million plant that was described as a model for many more in the future. The plant will be fueled exclusively with Canadian uranium...
...bombed Pearl Harbor and he offered his services to Nobel Prizewinner Harold Urey. Urey arranged for Libby's transfer to Columbia University, and he plunged into the historic Manhattan (atom bomb) Project, working through the war with great effect on the key problem of separating the isotopes of uranium. Not until news of the Hiroshima bomb came out did Libby mention his work at home. On that day he came home with a tall stack of newspapers and said triumphantly: "This is what I've been doing." Libby did not stay with the atom bomb after...
...their "Atomic City" at Marcoule. Britain exhibited models of two heavy-water reactors and photographs of its Calder Hall power reactor, which is nearing completion. The Russians showed a model of their own rather small (5,000 kw.) power reactor which is in operation, and an exhibit dealing with uranium geology, biology and medicine...