EPA Approves Construction of Energy Fuels' Pinon Ridge Mill
27 Octobre 2011 - 1:45PM
Marketwired
Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company")
announced today that the United States Environmental Protection
Agency ("EPA") approved construction of the tailings impoundment
and evaporation pond facilities for the Pinon Ridge Uranium and
Vanadium Mill ("Mill"). These facilities will manage the tailings
and wastewater produced by the Mill. Radon emissions from uranium
tailings and wastewater are regulated by the EPA under the National
Emissions Standards for Hazardous Air Pollutants (or "NESHAPs").
This is the only EPA approval required to construct and operate the
Pinon Ridge Mill and follows Energy Fuels' receipt of a Radioactive
Materials License for the Mill from the State of Colorado in March
of 2011. Permitting of the Mill is nearing completion with only the
construction permit from the Colorado Air Pollution Control
Division (APCD) for non-radioactive air emissions, still awaiting
approval. This permit is in an advanced stage of review by the
APCD.
"With the EPA approval, the permitting and environmental risk to
our project is now behind us," said Stephen P. Antony, President
and CEO of Energy Fuels. "This is significant for Energy Fuels and
the domestic uranium industry, as it is the first EPA approval of a
conventional mill tailings facility since the NESHAP regulations
were revised. Achieving this milestone brings Energy Fuels one big
step closer to production of American uranium and vanadium."
The EPA's decision this week is the latest government approval
issued to Energy Fuels, and further confirms the quality of the
work done by the Company in designing its facilities and its
commitment to the environment. On August 4, 2011, Energy Fuels
received the required NESHAPs construction approval from the EPA
for the Whirlwind Mine's ventilation system. A similar approval was
received for the Energy Queen Mine from the State of Utah Division
of Air Quality on July 14, 2011. On September 26, 2011, the Company
announced that it had entered into a legal settlement that clears
the way for securing the water rights needed for Mill
operations.
The Pinon Ridge Mill will be located in the heart of the Uravan
Mineral Belt, historically the most significant uranium and
vanadium producing region in the United States. There is currently
only one other uranium and vanadium processing facility operating
in the United States. Energy Fuels has two fully-permitted,
production-ready mines in the area (the Whirlwind and Energy
Queen), and is acquiring, permitting, and rehabilitating additional
mines in the region with significant remaining uranium and vanadium
resources.
About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium
mineral development company. The Company 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 more than 45,000 acres of highly prospective uranium and
vanadium property 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
Colorado subsidiary, Energy Fuels Resources Corporation and its
British Columbia subsidiary, 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 or Toll free:
1-888-864-2125investorinfo@energyfuels.comwww.energyfuels.com
Energy Fuels Inc. Curtis Moore Corporate Communications (303)
974-2140 or Toll free: 1-888-864-2125
Energy Fuels (TSX:EFR)
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