AZARGA URANIUM CORP. (TSX: AZZ, OTCQB: AZZUF, FRA: P8AA) (“Azarga Uranium” or the “Company”) is pleased to announce that the Atomic Safety and Licensing Board (the “ASLB”) has denied the Oglala Sioux Tribe’s motion for summary disposition and its request to stay or revoke the Company’s Dewey Burdock In-Situ Recovery Uranium Project (the “Dewey Burdock Project”) Nuclear Regulatory Commission (“NRC”) License. The Company’s NRC License for the Dewey Burdock Project remains in good standing.
The NRC Staff’s summary disposition motion to resolve the final remaining contention on the Dewey Burdock NRC License in favour of the NRC Staff and the Company, which pertains to the identification and protection of historic and cultural resources for the purposes of compliance with the National Environmental Policy Act, has also been denied by the ASLB. However, the ASLB has established procedures for resolution of the final remaining contention. The ASLB has provided the NRC Staff with two options to expeditiously conclude litigation of the final remaining contention and has requested a response from the NRC Staff on the preferred option by 30 November 2018.
Blake Steele, Azarga Uranium President and CEO, stated: “the Company is pleased that the ASLB has provided NRC Staff with two options to expeditiously resolve the final NRC License contention on the Dewey Burdock Project and that the NRC License remains in good standing. The Company will continue to work with NRC Staff and other stakeholders to the greatest extent possible to resolve the final remaining contention in a timely manner.”
About Azarga Uranium Corp.
Azarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America (“USA”) (South Dakota, Wyoming, Utah and Colorado) and the Kyrgyz Republic, with a primary focus of developing in-situ recovery uranium projects in the USA. The Dewey Burdock in-situ recovery uranium project in South Dakota (the “Dewey Burdock Project”), which is the Company’s initial development priority, has received its Nuclear Regulatory Commission License and draft Class III and Class V Underground Injection Control (“UIC”) permits from the Environmental Protection Agency (“EPA”) and the Company is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock Project, including the final Class III and Class V UIC permits from the EPA.
Source: Azarga Uranium Corp.