Judge Issues Ruling in Case Challenging Issuance of Radioactive Materials License for Pinon Ridge Mill
13 Junho 2012 - 9:01PM
Marketwired
Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company")
announced today that Denver District Court Judge John N. McMullen
ruled in favor of the Colorado Department of Public Health and
Environment ("CDPHE") and Energy Fuels, Inc. ("Energy Fuels") on
the ten substantive environmental, health, and safety claims in a
case challenging CDPHE's issuance of a radioactive materials
license for the Pinon Ridge project to Energy Fuels. The Judge did
rule partially in favor of Plaintiffs on one claim, ordering a
time-limited administrative hearing on the issuance of the
License.
The claim, brought by plaintiff Sheep Mountain Alliance and
intervening parties the Towns of Telluride and Ophir (collectively,
the "Plaintiffs"), alleged that CDPHE failed to comply with
procedural and substantive requirements for licensing of
radioactive material in its issuance of the License.
The Court rejected all of Plaintiffs' substantive environmental,
health, and safety arguments in their entirety, holding that CDPHE
and Energy Fuels complied with statutory and regulatory
requirements regarding financial assurance, decommissioning, and
standards pertaining to air emissions control and groundwater.
While acknowledging the extensive administrative record,
numerous public meetings, and substantial public comment, the Court
did require that CDPHE conduct a public hearing which includes the
opportunity for cross-examination of witnesses. Such hearing will
take place within 75 days of July 5, 2012. The current License
issued to Energy Fuels will be set aside pending the outcome of the
public hearing.
"While the State is required to conduct a hearing which will
further delay the project, we are generally pleased with the
outcome of today's decision," said President & CEO Stephen P.
Antony. "The decision by Judge McMullen rejected every one of
Plaintiff's claims suggesting that our license somehow failed to
fully protect public health and the environment on the West Slope.
Based on the Court's decision, we are confident that after this
procedural issue is resolved, the license will be reissued."
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. Stephen P. Antony President &
CEO (303) 974-2140s.antony@energyfuels.com
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