State of Colorado Issues Strong Response to NRC Letters; Defends Energy Fuels' Pinon Ridge Mill License
21 Março 2012 - 12:11PM
Marketwired
Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company")
announced today that the State of Colorado sent a strongly worded
letter to the U.S. Nuclear Regulatory Commission ("NRC") on Friday
March 16, 2012. In the letter, the State defends the Pinon Ridge
Uranium Mill License ("License") against charges that the process
that resulted in the March 7, 2011 issuance of the License to
Energy Fuels was flawed. The letter to the NRC upholds the validity
of the license and was signed by Dr. Christopher Urbina M.D.,
Executive Director and Chief Medical Officer for the Colorado
Department of Public Health and Environment ("CDPHE"). Dr. Urbina
is a key cabinet member in the administration of Colorado Governor
John Hickenlooper.
Dr. Urbina's letter can be viewed at:
http://www.energyfuels.com/downloads/03-20-2012PR_1.pdf.
The State's press release can be viewed at:
http://www.cdphe.state.co.us/release/2012/031612.pdf.
Energy Fuels' President and CEO, Steve Antony, commented, "We
are happy to see the highest levels of Colorado state government
defending the Pinon Ridge Mill license. We firmly believe that all
applicable state and federal laws were followed meticulously. We
hope this issue is resolved quickly and amenably, not only for
Energy Fuels but for the people on Colorado's West Slope who
support this important project."
About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium
mineral development company. The Company recently acquired Titan
Uranium Inc., including the Sheep Mountain Project in the Crooks
Gap District of Wyoming. The Company also received a Final
Radioactive Materials License from the State of Colorado for the
proposed Pinon Ridge Uranium and Vanadium Mill in March 2011. The
mill will be the first uranium mill constructed in the United
States in over 30 years.
With about 61,000 acres of highly prospective uranium and
vanadium properties located in the states of Colorado, Utah,
Arizona, Wyoming, and New Mexico, and exploration properties in
Saskatchewan's Athabasca Basin totaling approximately 32,000
additional acres, the Company has a full pipeline of additional
development prospects. Energy Fuels, through its wholly-owned
subsidiaries, Energy Fuels Resources Corporation, Titan Uranium
Inc., and Magnum Uranium Corp., has assembled this property
portfolio along with a first class management team, including
highly skilled technical mining and milling professionals based in
Lakewood and Naturita, 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 (303)
974-2140 Toll free: 1-888-864-2125investorinfo@energyfuels.com
Energy Fuels Inc. Curtis Moore Corporate Communications (303)
974-2140 Toll free: 1-888-864-2125 www.energyfuels.com
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