State of Colorado Clears the Way for New License Decision on Energy Fuels' Pinon Ridge Mill
01 Mars 2013 - 7:42PM
Marketwired
Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") is
pleased to announce that the Executive Director of the Colorado
Department of Public Health and Environment ("CDPHE"), Dr. Chris
Urbina, affirmed the decision of an appointed hearing officer in an
administrative process required for the reissuance of the
radioactive materials license for the Company's Pinon Ridge Mill.
As was previously announced by the Company on January 15, 2013, a
hearing officer concluded that the November 2012 administrative
hearing on the Pinon Ridge Mill, held for the purpose of augmenting
the administrative record, fully satisfied the requirements of
Colorado law. A group of non-government organizations appealed the
hearing officer's decision. Dr. Urbina's decision today denied
their appeal, paving the way for CDPHE to issue a new license
decision. Neither the hearing officer's nor Dr. Urbina's decision
made any substantive recommendations regarding the approval or
denial of the license.
A license for the Pinon Ridge Mill was issued by CDPHE in March
2011, but was set aside pending the completion of the November 2012
administrative hearing. Energy Fuels expects that CDPHE will issue
a new license decision on the Pinon Ridge Mill by the end of April
2013.
About Energy Fuels: Energy Fuels is America's largest
conventional uranium producer, supplying approximately 25% of the
uranium produced in the U.S., and is also a significant producer of
vanadium. The company operates the White Mesa Mill, which is the
only conventional uranium mill currently operating in the U.S.,
capable of processing 2,000 tons per day of uranium ore. Energy
Fuels has projects located throughout the Western U.S., including
producing mines and mineral properties in various stages of
permitting and development.
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,
which may include, but is not limited to, statements with respect
to the future financial or operating performance of the Company and
its projects. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects" "does not expect", "is expected", "is likely",
"budget" "scheduled", "estimates", "forecasts", "intends",
"anticipates", "does not anticipate", or "believes", or variations
of such words and phrases, or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken",
"occur", "be achieved" or "have the potential to". All statements,
other than statements of historical fact, included herein are
generally considered to be forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
express or implied by the forward-looking statements. Factors that
could cause actual results to differ materially from those
anticipated in these forward-looking statements are described under
the caption "Risk Factors" in the Company's Annual Information Form
dated December 20, 2012, which is available for view on the System
for Electronic Document Analysis and Retrieval at www.sedar.com.
Forward-looking statements contained herein are made as of the date
of this news release and the Company disclaims, other than as
required by law, any obligation to update any forward-looking
statements whether as a result of new information, results, future
events, circumstances, or if management's estimates or opinions
should change, or otherwise. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking
statements.
Contacts: Energy Fuels Inc. Curtis Moore Investor Relations
(303) 974-2140 or Toll free:
1-888-864-2125investorinfo@energyfuels.com www.energyfuels.com
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