Word: vanadium
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Dates: during 1940-1949
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...Utah, he hunts rocks. One day, while prospecting around the sage and cedar-covered mountains northeast of Marysvale, he found some strange yellow-colored rocks strewn over a surface of about 60 acres. Segmiller thought they might be valuable, so he staked a claim and called the Vanadium Corp. of America. When it inspected the claim; it got pretty excited and leased the land from Segmiller. The yellow rocks were autunite, a uranium-bearing ore, and the strike looked like the most promising yet made...
...until after six months of digging and other exploratory work will Vanadium Corp. surely know whether the claim is rich enough to mine commercially. And Pratt Segmiller's strike probably is not rich enough to qualify for the $10,000 bonus which the Atomic Energy Commission has offered for the first 20 tons of 20% uranium ore. (Despite thousands of claims, none has yet qualified...
...Shimkin, the Russians began looking for radioactive minerals. The best find was at Tyuya Muyun in the Fergana Valley of Central Asia, 200 miles east of Tashkent -where a mine was opened in 1908. By the end of 1913, it had produced 1,044 tons of ore containing vanadium, copper and about .82% of uranium. At 26 pounds of U-235 per atom bomb (a current guess), this early production could have yielded theoretically enough "fissionable material" for four bombs. The Tyuya Muyun mine was still producing in 1936, when it (and some radioactive waters near Ukhta) yielded enough radium...
...Fergana Valley is rather like the carnotite of Colorado, a complex uranium-vanadium mineral. It is found in veins, some of them almost five feet thick. By 1933, the uranium content in the run-of-the-mine ore had risen...
Last week Vanadium's president was mum. He would discuss neither his company nor its future. But investors would no longer ignore it: in three days after Hiroshima was bombed, Vanadium's stock was pushed up from $25½to $33 ⅜a share. Next day it went down to $28⅜ as speculators took their profits...