Banking On Thorium
The Thorium Energy Alliance has begun developing a pathway forward to licensing a Thorium Bank and has engaged a Washington, DC firm to assist in this e ort. With the increased focus and development on domestic Rare Earth Element (REE) mining projects, the Thorium Energy Alliance is aiming to integrate into the processing and handling of the naturally occurring Thorium and Uranium. These are consistently found within REE Minerals and when Thorium is extracted as a by-product of refining REE to metals and magnets the Thorium byproduct poses a liability hurdle to the revival of
domestic REE industry. Currently, nearly 100% of Rare Earths supply is controlled by China. By providing a regulated storage facility for Th, natural U and associated daughter products from the production of Rare Earth Metals, the Thorium Bank would assume the liability and create a National Stockpile of these critical source materials. The Thorium Bank would also act as an actual bank, funding and financing the development of Thorium Technologies, much like the Chemical Bank did to promote the Chemical industry. Future steps would include a research facility to develop advances in Thorium nuclear fuel processing and developing products for Thorium such as Super alloys, Nuclear medicines (Bismuth213, Actinium 255), Advanced Lighting and Electronics, Catalysts for the chemical industry, . . . there is so much more we can do than just fuel. Help us to raise the profile of Thorium with organizations like DoE, DoD, NIH. We all must explain to them that Thorium is neglected and will be critical for an advanced economy, and how it will be the lynch-pin to a multitude of other carbon-clean technologies and industries. U.S. Sen. Rubio's Bill (www. congress.gov/bill/116th-congress/senatebill/2093/text), provides the framework for
the Thorium Bank, especially Sec. 5. PNNL Thorium Energy Alliance 3D Layout of Thorium Bank concept. 93
July-August 2020
https://thoriumenergyalliance.com
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