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 issued an order granting the United States Nuclear Regulatory Commission (the “NRC”) Staff’s motion to set a schedule for an evidentiary hearing pertaining to the final contention for the Company’s Dewey Burdock In-Situ Recovery Uranium Project (the “Dewey Burdock Project”) NRC License.
Blake Steele, President and CEO, stated: “the ASLB decision provides the NRC Staff and the Company with an opportunity to resolve the final contention for the Company’s Dewey Burdock NRC License within legally established timelines, something not available under the prior approach adopted by the NRC Staff. The Company plans to fully support the NRC Staff throughout the evidentiary hearing process in an effort to resolve the final contention and is pleased with the timeline established by the ASLB, which sets 29 November 2019 as the ASLB decision date on this matter. We look forward to resolving the only remaining contention in the fourth quarter of 2019 and advancing our initial development priority, the Dewey Burdock Project, as the uranium market fundamentals continue to strengthen.”
The final Dewey Burdock NRC License contention pertains to the identification and protection of historic and cultural resources for the purposes of compliance with the National Environmental Policy Act. The NRC Staff have now determined that an evidentiary hearing, one of the two options previously presented by the ASLB to address the only remaining contention, is the most appropriate path forward as the other approach did not have a reasonable expectation of agreement in an acceptable timeframe. The evidentiary hearing is scheduled to commence on 28 August 2019 with the ASLB decision to follow on 29 November 2019.
About Azarga Uranium Corp.
Azarga Uranium is an integrated uranium exploration and development company that controls eleven 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.