|By Marketwired .||
|May 22, 2014 12:36 PM EDT||
EDGEMONT, SD -- (Marketwired) -- 05/22/14 -- Officials at Powertech (USA) Inc., a subsidiary of Powertech Uranium Corp (TSX: PWE) (FRANKFURT: PSA), 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:
Chief Operating Officer
Powertech (USA) Inc.
Dewey-Burdock Project Manager
Powertech (USA) Inc.
Email: Email Contact
Manager, Investor and Public Relations
Azarga Resources Limited
(416) 625-6686 or (852) 3796-7105
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
May. 4, 2016 06:00 AM EDT Reads: 1,241
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
May. 4, 2016 05:30 AM EDT Reads: 361
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
May. 4, 2016 05:00 AM EDT Reads: 1,222
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
May. 4, 2016 04:45 AM EDT Reads: 1,322
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
May. 4, 2016 03:30 AM EDT Reads: 1,157
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 4, 2016 03:00 AM EDT Reads: 797
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
May. 4, 2016 12:45 AM EDT Reads: 1,183
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
May. 3, 2016 11:45 PM EDT Reads: 1,022
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
May. 3, 2016 11:00 PM EDT Reads: 1,261
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
May. 3, 2016 10:00 PM EDT Reads: 1,347
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
May. 3, 2016 09:45 PM EDT Reads: 370
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
May. 3, 2016 08:45 PM EDT Reads: 1,289
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
May. 3, 2016 08:45 PM EDT Reads: 990
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
May. 3, 2016 08:30 PM EDT Reads: 1,226