The supply of uranium exceeds the current demand and, as a result, exploration for uranium declined in the United States for the fourth straight year. During 1982, 92 companies spent $73.86 million on uranium exploration, including 6.1 million ft of surface drilling. A significant discovery was announced in south-central Virginia, the first major discovery in the Eastern United States. Domestic uranium reserves decreased, mainly because of increasing production costs and the lack of exploration to find new reserves. Exploration for uranium in foreign countries also declined during 1982. Canada and Australia continue to dominate the long-term supply.--Modified journal abstract.

You do not currently have access to this article.