Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Energy Fuels Inc (UUUU) Message Board

A Look at the Golden State’s Mining Sector In

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 388
(Total Views: 343)
Posted On: 05/26/2021 4:59:17 PM
Avatar
Posted By: NetworkNewsWire
A Look at the Golden State’s Mining Sector

In the 19th and 20th centuries, the production of gold in California was booming, which is how it got its name: the Golden State. Exploration for gold began in the late 1700s when a group of Spaniards found gold in Imperial County, which prompted small-scale mining to begin. Despite this, it wasn’t until the mid-1800s that quantifiable gold mining commenced.

In 1848, a sawmill operator and carpenter by the name of James Marshall went to inspect a sawmill that was being constructed in Coloma and, while there, he discovered gold, which attracted thousands of gold seekers and prospectors as the word spread.

By 1855, more than 12 million ounces of gold had been extracted, with what has been termed as the “Gold Rush” coming to an end.

More than a hundred years later, California was nicknamed the Golden State, both for its golden poppy fields and the discovery of gold. By this time, however, many of the historical gold mines were no longer in operation.

The state’s mining industry seems to be doing well to this day, having produced more than $4.5 billion worth of nonfuel minerals last year. Currently, California is the lone source of rare earth metals in the United States and is among the biggest mining states in the country.

In 2018, more than 730 mines operated in the state; those mines produced more than 23 commodities, ranging from construction minerals and boron to rare earth minerals and gold. The mining industry’s significance and size also play a crucial role in the state’s economy.

Last year, the mining industry in the state of California gave rise to more than 99,000 indirect and direct jobs, more than $13 billion in GDP and an estimated $7 billion in labor income.

Mining companies in California benefit from transport networks that are well established, sport good infrastructure and have access to clean energy.

In addition, the state of California is also popular for its high reclamation standards, which ensure that mining sites are reclaimed to their original states, and this helps decrease the possible adverse effects mines have on the environment.

The state’s golden history continues to this day since gold was first discovered in the 1700s, with one of the biggest gold mines in the state, the Mesquite mine, and the biggest gold discovery in the state called the KORE Imperial Project. The Mesquite Mine of California has been producing the precious metal since the mid-80s.

Speaking of California emphasizing the reclamation of retired mine sites, Colorado-based Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has expressed interesting in participating in the federal government’s program to clean up legacy mines found in the Navajo Nation. This program will enable the firm to recycle the material retrieved and get viable uranium supplies from the waste.

NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer





(0)
(0)




Energy Fuels Inc (UUUU) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us