J.Wilkins
Platinum Member
Are you saying that the Obama administration actually didn't give 20% ownership of our uranium extraction capacity to Russia? What am I missing here other than all the condescension?
I'm saying that a foreign company from whatever nation having mining rights for minerals that they are not allowed to keep is NOT giving those minerals to that company and that if you don't understand the difference you might need to start over in kindergarten where you can learn the basics of sharing and not sharing.
Or in very short and sweet language, a Russian company has a contract to mine minerals for the US, they do not have any rights to the minerals, only the contract to mine for them.
They do not possess any export rights and the minerals can stay in the US or be shipped to a processing plant in Ontario and from there go right back to the US.
The company has no mineral rights and does not own even a single tenth of a gram of uranium that they mine.
To answer your question more directly, yes, I am saying that the Obama administration didn't give a single percentage or any derivative of a percentage either of ownership of any uranium.
He gave them mining rights, or rather, they had the competing bid and won the mining rights, that gives them no rights to any of the mined minerals, those are US property.
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