Welcome!

News Feed Item

NRC Board Determines Operating License for Dewey-Burdock Project Remains in Full Effect

EDGEMONT, SD -- (Marketwired) -- 05/21/14 -- Powertech (USA) Inc. officials say yesterday's decision by the U.S Nuclear Regulatory Commission's (NRC) Atomic Safety & Licensing Board (ASLB) to deny Motions for a Stay of the effectiveness of the company's NRC license from two intervenor groups to operate its Dewey-Burdock Project near Edgemont, South Dakota was expected and shows that NRC Staff followed the correct process in complying with the National Historic Preservation Act. The decision also concludes there is no immediate danger to cultural resources from NRC-licensed activities at the project site.

The NRC granted a license to Powertech on April 8, 2014 for the in situ recovery of uranium at the Dewey-Burdock Project. This action was the culmination of several years of review of applications and background data prepared by Powertech. However, early in the process, after the applications were filed and deemed complete, intervening parties petitioned the NRC for and were granted a hearing. That hearing will be a formal evidentiary presentation to the ASLB and is scheduled to take place during the week of August 18, 2014. The purpose of a post-license hearing is to determine the adequacy of contested aspects of the NRC's licensing decision.

NRC regulations also allow intervening parties to request a stay of the effectiveness of an NRC license within five days of its issuance. In this case, two parties opposing the development of the project, the Oglala Sioux Tribe and a group of individuals opposed to uranium mining, filed such motions upon the NRC license's issuance for the Dewey-Burdock Project. With yesterday's decision to deny the Motions for a Stay, Powertech's NRC license remains in full effect.

The process of granting a license for uranium recovery is a lengthy interactive process where the company prepares detailed technical and environmental information and analyses on the appropriateness of a proposed project to produce uranium with minimal impacts to the environment and cultural resources. During the several years of review, numerous findings by NRC Staff are published for review and comment by interested parties. NRC Staff reviews these comments and provides answers to such comments in the final environmental licensing document or the final supplemental environmental impact statement (FSEIS). NRC Staff, in their final licensing record of decision determines that the license conditions contained within the authorization for the licensee to proceed meet all requirements of the agency and adequately address all significant safety and environmental issues.

One of the issues identified by the intervenors in their requests for a hearing was the adequacy of the historic and cultural resources identification required under the National Historical Preservation Act. Upon NRC's issuance of Powertech license, the intervenors requested a stay of the license's effectiveness in order to argue the historic and cultural resource identification's adequacy. The ASLB then issued a temporary stay on Powertech's license to operate the Dewey-Burdock Project on April 30, 2014 in order to listen to oral argument prior to rendering a final decision on the Motions for a Stay.

On May 13, 2014 Powertech counsel joined the NRC's Office of General Counsel to respond to the Motions for a Stay. Arguments spoke to the detailed National Historic Preservation Act Tribal consultation process undertaken by NRC Staff for more than two years and the Programmatic Agreement (PA), which was authorized by the Advisory Council on Historic Preservation (ACHP), and includes concurrence by other Federal and State Agencies with responsibility for historic and cultural resources in the project area. The PA is the definitive agreement between the agencies, the ACHP, and Powertech that is designed to provide protection for historic and cultural resources during the all phases of the project.

The Tribal consultation process included the company obtaining agreement from the private landowners with whom it has signed mining leases to allow site investigation by the Native American tribes. Twenty-three Tribes with an historic presence in the area were contacted by the NRC and offered the opportunity to visit the project area to search for signs of historical cultural/religious activity. Seven of the 23 Tribes chose to participate during the two-month period that was made available by the landowners. The remainder of the Tribes either informed the NRC that no religious sites were present in the project area or chose not to participate in the site survey. The Oglala Sioux was one of the Tribes that chose not to participate.

According to Powertech President Richard Clement, "Despite efforts by the opposition to delay the licensing process, this is another confirmation that NRC completed its work properly in determining that the Dewey-Burdock project should be licensed and is adequately protective of environmental and historic and cultural resources." And further, "We believe the NRC Staff has completed an extensive effort to identify sites of religious significance and has acted in good faith with all interested parties. We look forwarded to completing the remaining regulatory approvals and move the project on to the construction phase."

About Powertech Uranium Corp.
Powertech Uranium Corp. is a mineral exploration and development company that, through its South Dakota-incorporated subsidiary Powertech (USA), Inc., has holdings including the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado, and Dewey Terrace and Aladdin Projects in Wyoming. For more information please visit http://www.powertechuranium.com.

POWERTECH URANIUM CORP.
Per:
"Richard F. Clement"
Richard F. Clement Jr.,
President & CEO

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's ability to obtain the required permits from the U.S. Environmental Protection Agency, approvals from the State of South Dakota and to commence construction at the Dewey-Burdock Project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) any negative change in the law, regulatory or political environment which would negatively affect the Company's ability to obtain all necessary environmental and regulatory approvals. licenses and permits, (2) the inherent uncertainties and speculative nature associated with uranium exploration, including the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, possible variations in grade and ore densities or recovery rates, failure of plant, equipment or processes to operate as anticipated, accidents or other risks of the mining industry, (3) a decrease in the demand for and/or a decrease in the price of uranium, (4) an increase in the operating costs associated with the extraction and processing of the uranium, (5) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labor problems, (6) the risk that the Company does not execute its business plan, (7) inability to retain key employees, (8) inability to finance operations and growth, including the inability to raise the funding necessary to commence construction and complete the facility at the Dewey-Burdock Project, (9) an extended downturn in general economic conditions in North America and internationally, (10) an increase in the number of competitors with larger resources, and (11) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian security regulators at www.sedar.com.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

For further information, please contact:

John Mays
Chief Operating Officer
Powertech (USA) Inc.
(303) 790-7528

Mark Hollenbeck
Dewey-Burdock Project Manager
Powertech (USA) Inc.
(605) 685-3376

Email: Email Contact

Jenya Mesh
Manager, Investor and Public Relations
Azarga Resources Limited
(416) 625-6686 or (852) 3796-7105
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...