Any chance of Israel producing uranium have come to a quick end for the time being with Israel’s Gulliver Energy company’s announcement Monday that it is giving up its search for the key ingredient for a nuclear weapon.
The company explained that findings in the area between Arad and Sodom, near the Dead Sea. the field indicated that production of any uranium that would be found is not profitable, according to Globes.
Gulliver received a one-year permit last April to explore for uranium in the area. Last month, it launched a $130,000 project to explore an existing borehole.