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
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle.
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...