Company to sample for uranium in Mississippi County

Thursday, November 13, 2008 | 4:31 p.m. CST

CAPE GIRARDEAU — Gustavson Development Co. says it plans to begin sampling for uranium in Mississippi County in December.

The Boulder, Colo.-based company announced in September plans to invest $5 million in uranium testing in the southeast Missouri county. If the mineral is found on land in the area, the company says it could pump millions of dollars into the local economy.

Gustavson said uranium found on the landowner’s property could bring in as much as $60 million. The owner would receive a 4 percent cut.

To date, Gustavson has received permission from 25 landowners to begin geological examination.

He says about 200 wells will be tested for uranium.



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