Energy Fuels Granted Special Use Permit for Pinon Ridge Mill by Montrose County
01 October 2009 - 4:31AM
Marketwired
Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company"), has
successfully completed what is probably the most significant step
on the critical path to constructing the Pinon Ridge Mill which
will process uranium and vanadium ore in the Paradox Valley of
western Montrose County, Colorado. The three person Montrose County
Board of County Commissioners today unanimously approved the
Company's Special Use Permit Application; the third unanimous
approval in the County's permitting procedures. This clears the way
for Energy Fuels to aggressively pursue the next important step in
the permitting process which is obtaining the Radioactive Source
Material License ("Mill License") from the Colorado Department of
Public Health and Environment ("CDPHE"). Upon issuance of the mill
license, Energy Fuels will have the right to construct and operate
the mill.
The approval of this Special Use Permit moves the Company
forward significantly in its strategic development. Energy Fuels
is:
-- well on the way to constructing the first new uranium mill in the US in
more than 25 years
-- continuing to acquire resources and assets, and is moving to consolidate
hard rock uranium mining in the US
-- a lower risk alternative to in-situ recovery methods for uranium
production in the US
The Montrose County permitting process was initiated over 13
months ago on July 22, 2008, when Energy Fuels formally applied for
a Special Use Permit to change the land use designation for the
Company's 880 acre mill site located 12 miles west of Naturita,
Colorado from "General Agricultural" to "Mineral Resource Operation
Facility." Working closely with the County's Land Use Department,
Energy Fuels has addressed the concerns of the citizens of Montrose
County, and agreed to 19 stipulated conditions adopted after the
original permit application. These conditions address issues
including groundwater impacts, truck transportation, lighting, and
others, all adopted to assure the mill will be a good and
responsible neighbor in the Paradox Valley.
This permitting process has stepped through three levels of
County regulation which include the West End Planning Advisory
Committee, the Montrose County Planning Commission, and the Board
of County Commissioners. There have been a total of 6 public
meetings with three separate project presentations and more than 30
hours of testimony from over 300 interested parties, including
residents of Montrose County, and many from outside the
County."
According to George Glasier, President and CEO of Energy Fuels,
"Our team has worked diligently on this permit for over a year,
responding to objections with appropriate modifications to our
original plan. From this point, the process moves into the
technically based mill licensing arena, in which the Colorado
Department of Public Health and Environment will evaluate our plans
in accordance with the rules and regulations for building and
operating a uranium mill. The Energy Fuels team is well prepared to
demonstrate full compliance with CDPHE's regulations. The
overwhelming support of the community in western Montrose County
has made the difference in the Company's ability to prove to the
Commissioners that this project is good for the County."
Stephen P. Antony, P.E., a Qualified Person as defined by
National Instrument 43-101, has reviewed and approved the content
of this press release.
Energy Fuels Inc. is a Toronto-based uranium and vanadium
mineral development company actively rehabilitating and developing
formerly producing mines. With more than 55,000 acres of highly
prospective uranium and vanadium property located in the states of
Colorado, Utah, Arizona, Wyoming, Idaho, and New Mexico, and
exploration properties in Saskatchewan's Athabasca Basin totaling
almost 50,000 additional acres, the Company has a full pipeline of
additional development prospects. Energy Fuels, through its
wholly-owned Colorado subsidiary, Energy Fuels Resources
Corporation and its recently acquired Magnum Uranium subsidiary,
has assembled this property portfolio along with a first class
management team, including highly skilled technical mining and
milling professionals based in Lakewood and Nucla, Colorado and
Kanab, Utah.
This news release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended and "Forward Looking Information"
within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included
herein are forward-looking statements and forward looking
information that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time to time
with the British Columbia, Alberta and Ontario Securities
Commissions.
Contacts: Energy Fuels Inc. Gary Steele Investor Relations Toll
Free: 1-888-864-2125 investorinfo@energyfuels.com
www.energyfuels.com
Energy Fuels (TSX:EFR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Energy Fuels (TSX:EFR)
Historical Stock Chart
From Jul 2023 to Jul 2024