Asarco acted as the Atomic Energy Commission uranium ore-buyer in 1948

"Contracts for Atomic Energy Commission (AEC) procurement of these precipitates were extended in 1948. Furthermore, the AEC initiated plans to put three idle vanadium mills back to work, with production of uranium as their primary purpose. Toward this end, it purchased the plant at Monticello, Utah, in June 1948, from the War Assets Administration. The ore-purchasing agent is the American Smelting & Refining Co. By the end of the year negotiations were nearly complete for rehabilitation and operation of the plants at Durango and Uravan, Cob., by private companies. All five mills were expected to be operating before the end of 1949."