Russell Industries Renews Uranium Unpatented Mining Claims
by Business Wire
Russell Industries, Inc. (Pink Sheets:RINDD), has renewed 63 of its Unpatented Uranium Mining Claims with the Utah Bureau of Land Management and San Juan County, Utah. The claims are located in two mine ranges known as Payday and Rage-Toni, in the Elk Ridge and Manti-La Sal National Forest areas of San Juan County, Utah. These claim areas encompass 1,255 acres and are all strategically located within 30 miles of White Mesa Mill. Earlier this year Russell Industries increased its ownership interest in the claims to 93.32%. The Company elected to not renew the remaining 192 UMC’s it acquired in 2007.
Russell Industries is a developing alternative and renewable energy company. The Company is the majority owner of 63 Unpatented Uranium Mining Claims in San Juan County, Utah. The Company is also pursuing development of a commercial scale algae production facility through its wholly owned subsidiary, Algae Farm, LLC. The Company’s website is www.russind.com, the contents of which are not incorporated by reference herein.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.