Energy Fuels Earns Unanimous Approval of Special Use Permit for Pinon Ridge Mill from Montrose County Planning Commission
July 07 2009 - 9:00AM
Marketwired
Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company")
completed another major step on the path to permitting the Pinon
Ridge Uranium mill in western Montrose County, Colorado. By a
unanimous vote of 5 to 0, the Montrose County Planning Commission
passed a resolution recommending approval by the 3-person Board of
County Commissioners of the Company's Special Use Permit. This
Permit will allow the 880 acre site located about 12 miles west of
the town of Naturita, Colorado, and acquired by Energy Fuels in
July of 2007, to be used for the construction and operation of the
mill. Energy Fuels anticipates that the permit will come before the
Board of County Commissioners within the next 4 to 6 weeks, for
their consideration.
This special use permit process leads to a land use decision at
the county level and is separate from the technical licensing
process to actually construct and operate the mill. The mill
licensing process is administered by the Colorado Department of
Public Health and Environment (CDPHE). Energy Fuels has been
gathering data to support the license application since the 4th
quarter of 2007. The application for the CDPHE license will be
submitted this fall.
Once both the Montrose County Special Use Permit and the CDPHE
mill license are obtained, Energy Fuels will have authorization to
build and operate the Pinon Ridge uranium mill.
George Glasier, Energy Fuels President and CEO, said after the
meeting, "The Energy Fuels Team has been working diligently on this
permit for almost a year, and we are very happy with the unanimous
decision. After 3 separate public meetings in which a total of 15
hours of public testimony were heard from over 100 individuals, the
Planning Commission through its vote, confirmed the site selected
by Energy Fuels. This decision clearly supports the site selection
process applied by the Company to identify this prime mill site two
years ago."
Energy Fuels Inc. is a Toronto-based uranium and vanadium
mineral development company actively rehabilitating and developing
formerly producing mines. With more than 55,000 acres of highly
prospective uranium and vanadium property located in the states of
Colorado, Utah, Arizona, Wyoming, Idaho, and New Mexico, and
exploration properties in Saskatchewan's Athabasca Basin totaling
almost 50,000 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 recently acquired Magnum Uranium subsidiary,
has assembled this property portfolio along with a first class
management team, including highly skilled technical mining and
milling professionals based in Lakewood and Nucla, 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)
974-2147 or Toll Free: 1-888-864-2125 Email:
investorinfo@energyfuels.com Website: www.energyfuels.com
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