THORIUM ENERGY, INC.: THANK YOU, ONE AND ALL!

Dear Visionaries and Other Readers:

In the last post, we spoke about thorium's having arrived at its Tipping Point.

Atomic energy is, without a doubt, the most commercially viable and readily utilizable source of power for the continuing needs of civilization. And thorium is, without a doubt, the safest, most viable non-fissile fuel to power the nuclear reactors that will be needed in both the near- and longer- term in order for nuclear reactors to function. Energy from thorium is a reality, and not a mere possibility.

Thorium Energy, Inc., a long-term, consistent proponent of safe nuclear power using thorium as a principal fuel, is quietly watching as a wonderful confluence of economic events leads the world to the Lemhi Valley Pass District, where our substantial resources and reserves of thorium ores enjoy market value appreciation even as they lie waiting in the ground. While our stock is privately held, we are experiencing an ever-increasing number of inquiries for purchases of either an interest in the Company, or an interest in its treasure trove of assets.

And Thorium Energy, Inc. has not brought this about through self-promotion.


We have a rather unusual assortment of allies to thank -- let's thank them now, shall we?:

BIG OIL -- As oil prices rose over $130 per barrel (although not due to a shortage of crude), and as transportation became prohibitively expensive, the prices of virtually all consumer goods and services have risen significantly. Despite the lack of any admissable evidence that there exists any mindful conspiracy to rape the U.S. consumers and businesses (the major oil companies are continuing to post record revenues and profits, while other "lesser sectors" like housing, automobile sales, and employment are being undermined and pilfered, in an "unexplainable coincidence"), there is enough fear (and perhaps a bit of anger as well) that the U.S. and its G-8 brethren have rapidly warmed<making us look at "Global Warming" in a positive context for a change> to the idea of taking a fossil-fuel alternative seriously;

NAVAL POSTGRADUATE SCHOOL -- The United States Navy, through is highly-regarded post-graduate school (NPS Foundation), is now working diligently on adapting the Thorium-powered liquid floride thorium reactor (the LFTR) as a power source for naval vessels, from boomers to destroyers. It is interesting to note that this project is being co-sponsored and co-financed by NASA. Both organizations require a reliable, relatively inexpensive source of energy to move vast payloads over vast distances -- and both organizations use phraseology which incorporates "enable...operations for any size vessel even if fossil fuel prices rise dramatically." (emphasis is mine). One would be inclined to believe that the current precipitous rise in fossil fuel prices is being viewed by the military as a threat to its own operations, as well as a threat to our national security;

THORIUM POWER, LTD. (OTCBB: THPW), a publicly-traded company which apparently spends a great deal of its budget on public relations, politicking and newswire services, has announced that it has been retained as a consultant by the United Arab Emirates regarding that nation's nuclear energy policy and technology. One would believe that something odd is afoot when a major petroleum exporting country is investing in atomic power, and in particular, Thorium-based nuclear energy, for its domestic needs. In our view, this signifies that A) even the oil-rich countries may envision an end to their reign of supremacy and are preparing for this eventuality, and B) the oil-rich countries view thorium energy production technology as a hedge against blow-back from their non-oil-producing counterparts;

CHINA, CANADA and SOUTH KOREA -- and a host of other nations which are entering into co-ventures for the construction of thorium-powered nuclear plants to provide for their futures;

INDIA -- Which has been very aggressive and industrious in its development of thorium-powered reactors, and which declared itself "energy independent" just a few weeks ago, and, in so doing, sent out a loud wake-up call to the rest of the world. Now, the race is on;

KIRK SORENSEN -- This fellow has authored numerous scientifically-oriented and compelling articles about thorium's energy production potential. He has been a vociferous and prolific proponent of the LFTR and the use of thorium-powered nuclear reactors for quite some time. I believe that his persistent enthusiasm and quality coverage of thorium-related topics has helped to ignite a great deal of interest in thorium as the "energy alternative of choice" amongst a great number of people. Ironically, he also has the perfect name for a thorium advocate. On a serious note, thank you for your contribution, Kirk.

TERRORISTS AND FANATICS THROUGHOUT THE WORLD -- Indirectly (at least I like to think so), terrorists, fanatics and other species of nuts have simultaneously helped drive up the price of petroleum, while helping to scare the entire "western" world away from Uranium for fear of its use in "dirty" but highly potent small-sized nuclear weapons. Complicating matters, there are a number of people (some amount in excess of one hundred, I'd wager) who have come to believe that at least a portion of ill-gotten oil profits have actually been routed to various terrorist groups to finance their training, armament and evil doings. In an inevitable backlash, nations are seeking freedom from the yoke of fossil fuels, and are actually moving in the direction of atomic energy and stoking up the nuclear reactors...but using thorium as the major raw fuel component instead of the more dangerous Uranium. It's hard to stifle a grin when you realize that thorium power is likely the ideal weapon in a bloodless war against these lunatics.

It is a wonderful feeling when your prediction comes true...It has got to be almost as thrilling as when your oil-laden tanker comes in to port, and domestic gasoline prices are $4.14 per gallon at the pumps. Ah, the glorium of thorium!

--THORIUM ENERGY, INC.

LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL

p.s. The picture in the upper right-hand corner of this posting is either a gear or a screw. It is all a matter of perspective. Then again, perpective is largely governed by which side of the device that you are on.

THORIUM'S TIPPING POINT IS HERE

BRIEF SYNOPSIS OF CURRENT DEVELOPMENTS:

1. Crude oil has exceeded $125 US per barrel;
2. Gasoline prices at the pump in the US are exceeding $4.00 US per gallon;
3. The US is leading its G-8 counterparts into a serious recession, while oil companies are reporting their most enormous profits in history...Westernized nations are becoming extraordinarily suspicious of this obvious disparity;
4. India has begun enjoying the benefits of Thorium-based atomic energy and has publicly declared itself "Energy Independent" -- every nation in the world is taking notice;
5. China, is running low on its own domestic oil reserves, as well as on reserves of the Rare Earth Elements - it is seeking sanctuary inThorium;
6. In addition to China, Canada, South Korea, Sweden (albeit amidst some confusion), reliable rumor has it that Germany and the EU nations are quietly but quickly requesting more data regarding the availability of Thorium worldwide, and on its most efficient configuration in reactors;
7. Canada and a number of other countries are proposing putting certain restrictions on the ownership, sale and shipment of domestic Thorium for fear of A) domestic depletion through export, and B) market speculation driving the prices wildly upward (not unlike the oil phenomenon). Smart speculators are futurists -- if governments want to limit speculation, you can be certain that the speculators are onto something. Prices rise on the mere anticipation of increasing prices and future price controls. I say thank you to our Northern Neighbors. Eh? You are helping to increase the value of Thorium holdings throughout the world;
8. Environmentalists worldwide are becoming less and less enamored of coal, and are coming out against coal, gas and other combustible fuels because of their tremendous output of pollution, greenhouse gases, neurotoxins, carcinogens and of course...their significant contribution to Global Warming. Al Gore, THORIUM ENERGY, INC. is grateful;
9. For reasons of Homeland Security and anti-terrorism, fissile quantities of Uranium are now seen as a threat to the safety of the world. Thorium is the only viable, safely transportable alternative to Uranium for utilization in the peaceful production of energy;
10. The scientific community throughout the world is coming out with warnings that solar power is far too inefficient at present to be considered a large-scale energy source. Going further, experts are estimating that the technology required to make solar energy viable may be five to ten years away;
11. Several G-8 based oil and energy companies have made inquiries into Thorium reactor technology -- my guess (as a bit of a cynic sometimes) is that they would like to get in early to either dominate and exploit it, or to "bury it";
12. Searches conducted regarding Thorium on the top 50 ranked search engines have doubled during the course of this past 45-day period.
13. Legislation (Reid-Hatch) favoring Thorium ("favoring" means acknowledging its inevitable use by regulating certain aspects of its anticipated use) is picking up legislative and populist momentum. People are being crushed under barrels of oil, and the politicians and legislators are being responsive to their constituents, largely because they A) fear a lynching, and B) they love public service and would be interested in keeping their jobs through re-election;

At THORIUM ENERGY, INC., we are receiving an increasing volume of inquiries regarding our Company's plans (we are not going public), and regarding the possibility of purchasing all or part of the Company or its assets. It is wonderful to be popular.

And now for our featured article:

THORIUM HAS REACHED ITS TIPPING POINT

It has done so far more rapidly than even the most ardent proponents and optimistic commodities speculators would have dared to dream. At lunch today, I overheard a gentleman utter, rather wistfully (I am paraphrasing him here with a chain of his original expletives deleted...you have to also do your best at imagining an extreme New York accent, and the accompanying hand waving and other bodily gesticulations), "I wish they had a Thorium Exchange. Who would ever have thought this could happen? I'm reading the papers, y'know, and it's in the news everywhere. Two, three months ago, I didn't know what the stuff was!"

A confluence of economic, technological and political factors have made the once unthinkable into the most favored. Thorium-fueled reactors have become a practical, demonstrated reality. Mark today's date on your calendars -- it is the day when skeptics had to pay up on their bets, and when the politically astute were switching postures and quitely changing dance partners. But first: an historical perspective.

Typically, the major oil companies, in greedy tandem with OPEC, have always counted on the civilized world's absolute dependence upon fossil fuels to support periodic spikes in the price of oil. It happened in the 1970's, the 1980's and it is happening now. These power players had counted upon the prevalent inelasticity of consumer and industrial demand to allow them to keep raising the bar. The world was (and still is, at least for the time-being), oil-dependent.The suppliers would rejoice at the news that nations were defensively stockpiling oil reserves, and trying to "conserve energy." From the longer-range perspective, this only validated the fact that these consumer nations were entrenched in oil dependency, and weren't looking for an alternative. Ultimately, it just signaled that the demand for oil would continue to climb.

When prices spiked, there would be some angry but theoretical talk about finding "alternatives" and becoming "energy self-sufficient," but as the prices came down after the spike period, all was well again, and it seemed that the public settled in nicely to a new oil price, and lower gasoline prices. Of course, after each spike, the prices "settled" at a point significantly higher than where they had been prior to the spike.

And there was always an "explanation" for the spike: trouble in the Straits Of Hormuz; political instabilities and wars in the middle east; declines in production due to sabotage and rebellion. Untrue, but not easily proven false. No self-respecting oil sheikh ever took methane-powered vehicles, or hybrids seriously. Nor did they pay attention to talks of ethanol additives, hydroelectric power, solar energy and wind power. These folks (both the OPEC Ministers and their Western counterparts) were astute students of human nature. They knew that their customers (their quarry) were still sold on petroleum, and that inertia would keep these other fledgling technologies from flying out of the nest.

Nuclear power always posed more than a bit of a threat, since it actually worked, but many well-intended but seriously misguided persons right here in the consumer camp were terrified of nuclear disasters. And admittedly, there were a few terrible disasters, largely caused by human error. Hence, with protesters picketing the reactors, and with politicians seeking to allay the fears of their constituents, the lube job continued, unabated. And the fear of uranium-powered weapons in the hands of terrorists has been aggressively fostered by the United States security experts. Naturally, this country's traditional allies bought in. Remember Tony Blair? Colin Powell? Yellow Cake? Remember "WEAPONS OF MASS DESTRUCTION"?

The irony is that the people whom we seem to fear most (the terrorists, and other monsters under the bed) are scaring us away from Uranium power, while their cousins hold us captive with an oil oligopoly. It would seem to be a very profitable family business. Rather reminiscent, I think, of the age-old "protection racket" scheme.

Their only mistakes were in 1) gouging too deeply despite the U.S.' tacit control over more and more oil territory and production in Iraq and elsewhere, and 2) not paying enough attention to Thorium.

"And the truth shall set you free": Thorium reactors work. Thorium is the new oil. Thorium is the key to energy independence.

Thorium's Tipping Point is here. END OF STORIUM*

--THORIUM ENERGY, INC.

*Douglas Castle, author of this article, offers his apologies for the childish "END OF STORIUM" comment.

U.S. LEGISLATORS BACKING PRO-THORIUM BILL

Nuclear energy is, at present, the only viable large scale alternative to either continued fossil-fuel dependency (the OPEC stranglehold, in conjuction with "Big Oil") or to conventional Uranium-powered reactors. Uranium has two common-sense disadvantages: 1) the public has been beseiged by media articles touting the hazards of transuranic waste and the likelihood of the dreaded "Homer Simpson" meltdown or leak scenario, and 2) the supply of Uranium is rapidly dwindling -- it is a depletable resource with a limited useful half-life. Thorium is obviously safer, more plentiful, and available in significant concentrations in the Lemhi Valley District here in the United States. Thorium Energy, Inc. is the single largest claimholder.



In simplistic terms, the bill (which is in the process of being finalized and which has a great deal of political weight behind it), being championed by Senate Majority Leader Harry Reid and Senator Orrin Hatch, will not only benefit America's efforts toward energy self-suffiency, but will serve to benefit the home states of these two legislators economically, and will address concerns held by many parties, both domestically and internationally, that we utilize a basic fuel source which can not be readily converted to weaponry in the hands of a nation or a terrorist radical organization having an interest in wreaking havoc throughout the civilized world.



In terms of the immediate benefits of the passing of the proposed bill, THORIUM ENERGY'S holdings would likely increase by a significant multiple in value. Just on the increasing media atention being paid to proposed pro-thorium legislation, offers from accredited investors for large blocks of the Company's holdings are coming in in greater numbers, with increasing bids.



A recent article which appeared in ENERGY WASHINGTON WEEK will be of great interest:

Reid Eyes Backing Bill To Encourage Thorium Fuel In Nuclear Power
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Date: April 16, 2008 -

Senate Majority Leader Harry Reid (D-NV) may add his support to a bill that would encourage the use of thorium fuel in nuclear power reactors as a way to promote an expansion of nuclear power while addressing nonproliferation concerns. Proponents of a thorium fuel cycle argue it is a superior fuel choice to currently used uranium because it is resistant to weapons proliferation, produces far less radioactive waste, and breaks down weapons grade plutonium to produce power. Thorium fuel advocates are also highlighting these attributes to the environmental community, in hopes of getting support from organizations that have been wary of expanded nuclear power.

A spokesperson for Reid said the senator has communicated with Sen. Orrin Hatch (R-UT), who reportedly has drafted potential legislation. Although final decisions have not been made on the content of a Reid-Hatch bill, Sen. Hatch has a specific proposal in mind which may provide the basis for a plan that Reid would support.

“Reid, at Sen. Hatch’s urging, is generally considering supporting legislation to promote the use of thorium instead of uranium,” the spokesperson said. “No decisions have been reached on possible introduction, content or timing.”
Congressional sources say that a thorium fuel cycle is particularly appealing to Reid because the reduced radioactive waste could ease pressure to open the Yucca mountain repository, which is located in Reid’s home state of Nevada. Reid has long fought efforts to develop the storage site.

Sen. Hatch has drafted legislation that would direct the NRC to craft regulations for a thorium fueled nuclear reactor. Separate offices would be created at both the NRC and the DOE to regulate the thorium facilities. The offices would also develop recommendations on how the Secretary of Energy could encourage domestic and foreign power providers to use thorium in reactors, thereby taking the place of uranium fueled reactors which produce plutonium that can be used for nuclear weapons.

In addition, the draft bill calls on the Department of Energy’s Idaho National Laboratory to carry out various projects that would demonstrate thorium fueled nuclear power generation.

A source in Hatch’s office says the bill does not necessarily create incentives for the use of thorium, but rather opens the door for the fuel if commercial forces want to deploy it. “It could be the future for nuclear power,” the source said. A thorium fueled reactor has four advantages over a reactor operating with uranium. It requires plutonium to trigger the initial reactions and thereby acts as a non-proliferation agent. Unlike uranium reactors, thorium fueled reactors don’t produce plutonium that can be used in weapons. The draft bill notes that thorium resources are also more available than uranium. Finally, a thorium fueled reactor produces about one third the waste produced from a similar uranium fueled reactor, easing storage and disposal concerns.

An industry source who supports the Hatch proposal said he requested that Reid delay introduction of any bill in order to buy time to court the environmental community, which tends to oppose federal subsidies for nuclear power. The source hopes the benefits of thorium will bring environmentalists on board.

A source with the Natural Resources Defense Council said that a thorium cycle is preferable to a uranium cycle for the non-proliferation and waste reasons, but was not aware of any pending legislation.

The industry source views the Hatch proposal as one that would ensure that the NRC is adequately staffed and has the ability to license a reactor fueled with thorium. The CANDU reactor, which is used in Canada and abroad typically uses uranium but can switch to thorium fuel without major changes to the reactor. However, reactors in the United States would need to be modified to use thorium. The source believes that were thorium to be used in the U.S., existing reactors would be modified before dedicated thorium reactors would ever be built. -- Will Harrington
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As mentioned many times on this blog, all roads lead to Thorium. And this looks like the fastest road to our preferred destination.

--THORIUM ENERGY, INC.