Today, on March 1, 2011, Virginia Uranium Inc., its sole shareholder Virginia Uranium Holdings, a Yukon-based privately held company, and Virginia Energy Resources, a Canadian publicly traded company that owns 30% of the infamous Coles Hill deposit, gave a presentation to the Wall Street crowd in its pursuit of investors.
The presentation was webcast.
@ 41:50 -- “In January of 2012, we will have a bill in the state legislature that directs the [Department of Mines, Minerals, and Energy] to develop the regulations on uranium mining.”
@42’00” – -- QUESTION: “Who is introducing that bill?” Answer: “We have had a number of legislators who have offered to do such. I don’t think we’ll know who is going to introduce the bill until we get very close to the beginning of the legislative session. We have a team of lobbyists in the state capitol. We’ve got a public relations firm in the state capitol. We are taking legislators on trips to see reclaimed uranium mines in France and up in Canada. We have a grassroots educational effort underway in the local community. So we’re not sitting still while the NAS study is going on. We are doing everything we can to make sure legislators thoroughly understand this issue and are able to be supportive of what we’re trying to do in the next session.”
@ 43’30” – “Our governor likes to say that Virginia is already a nuclear hub and we can build on it by being more vertically integrated.”
On February 1, 2011, at Americas’ Resources Investment Congress, London, U.K., Walter Coles, Jr. stated that:
@ 17’09” – “I talked to the lead geologist [who discovered Rabbit Lake in Canada] … and he hit on this crazy idea of going to the East Coast of the United States. And two years later, that same team made the discovery of Coles Hill. And talking to the lead geologist, he is insistent to this day that Coles Hill is the first of more major discoveries in Virginia that might lead to another Athabasca [Canada] style resource play.”