Colorado Court of Appeals Upholds Montrose County Special Use Permit for Energy Fuels' Pinon Ridge Mill
08 Décembre 2011 - 9:11PM
Marketwired
Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company")
announced today that the Colorado Court of Appeals upheld the
Montrose County Special Use Permit for the Pinon Ridge Uranium and
Vanadium Mill. On March 3, 2011, the State of Colorado District
Court in Montrose County denied a legal challenge by Sheep Mountain
Alliance ("SMA") seeking to overturn the Montrose County Board of
County Commissioners' decision to issue a Special Use Permit for
the Pinon Ridge Mill. Today's decision affirms the District Court's
decision to deny that legal challenge by SMA.
"Energy Fuels is extremely pleased with today's decision. This
is another major step forward for the Pinon Ridge Mill and Energy
Fuels," stated Stephen P. Antony, President and CEO of Energy
Fuels. "The Appellate Court's well-reasoned decision verifies the
quality of our project and the thoroughness of the regulatory
review process."
SMA now has 45-days to request a rehearing on the case. SMA can
also petition the Colorado Supreme Court to hear the case; however,
the Colorado Supreme Court does not typically choose to hear cases
on straightforward county land-use decisions. Energy Fuels believes
that the narrow legal avenues still available to SMA have very
little chance of success.
SMA has also challenged the Radioactive Materials License for
the Pinon Ridge Mill issued by the Colorado Department of Public
Health and Environment. That challenge is currently being heard by
the State of Colorado District Court in Denver.
"Two State Courts have now upheld the Pinon Ridge Mill
decision," continued Mr. Antony. "We remain optimistic that the
Colorado District Court in Denver will also uphold the Radioactive
Materials License for the Pinon Ridge Mill which will allow Energy
Fuels to move forward toward construction of this important
project."
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.com
Energy Fuels Inc. Curtis Moore Corporate Communications (303)
974-2140 or Toll free: 1-888-864-2125www.energyfuels.com
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