U.S. Silver Corp. stocks jump on first day of consolidation

U.S. Silver Corporation's stock jumped 420 percent Monday, the first day its stock consolidation took effect.

The company officially announced the reverse stock split Jan. 24, consolidating every five shares into one without dropping their value. The stock price sat between 45 cents and 50 cents before, and at the market's close Monday, each was valued at $2.50.

The consolidation of shares was previously approved by the shareholders at the Annual and Special Meeting of the corporation held on June 23, resulting in the approximately 309 million previous shares being reduced to approximately 62 million shares.

Groups team up for Bonner-Boundary Priority Planning Project

The Equinox Foundation, Panhandle State Bank and the Inland Northwest Community Foundation are teaming up with the Bonner County Economic Development Corporation on an initiative called the Bonner-Boundary Priority Planning Project.

Panhandle leaders plan to take a data-oriented approach to problem-solving.

"The whole idea is to get a handle on the various issues in our communities," BCEDC executive director Karl Dye said. "By bringing community leaders together, we'll identify priorities and solutions."

The initiative is inspired by a similar effort undertaken in Spokane. By closely examining the city's flaws using hard numbers to justify their findings, community leaders found that a low rate of high school completion caused more problems than any other. With that knowledge in hand, project coordinators developed programs and pursued grants to address it.

Areva eyes 2013 to begin work on enrichment plant near Idaho Falls

IDAHO FALLS (AP) - Officials for the French nuclear power company Areva now looking to 2013 to begin construction on a $3 billion uranium enrichment plant near Idaho Falls.

Areva had hoped to begin construction on the Eagle Rock Enrichment Facility this year, but backed off that timeline after executives last year announced the company instead needed to focus on returning to profitability after a dismal 2011.

Bob Poyser, vice president for Areva's Idaho Falls operation, insists the company is committed and actively seeking investment partners.

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