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Re: News Release Archive - Wednesday, October 07, 2009
Powertech's Dewey-Burdock Project Application Accepted by NRC
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Powertech Uranium Corp. ("Powertech" or the "Company") is pleased to
announce that the staff of the U.S. Nuclear Regulatory Commission (NRC)
has found the Company's application for its Dewey-Burdock uranium in
situ project acceptable for detailed technical and environmental
review. The Dewey-Burdock Project is located in Fall River and Custer
Counties, South Dakota. The source material license application was
resubmitted August 10, 2009.
Richard Clement, Powertech President and CEO, said "We are indeed
pleased that the NRC has accepted our license application as complete
and that the technical and environmental review is underway. We now
have two of the federal applications accepted as complete and will soon
be submitting the third, to the Bureau of Land Management. The EPA
accepted our Underground Injection Control permit application earlier
this year. Also, we continue to work closely with the State of South
Dakota regarding its comments on the UIC permit application submitted
in May of this year."
This news release has been reviewed and approved by Richard Clement,
President and CEO of Powertech, under whose direction the company's
operations are being carried out. Mr. Clement, P.G., MSc. is a
Qualified Person as defined by NI 43-101.
About Powertech Uranium Corp.
Powertech Uranium Corp. is a mineral exploration and development
company that, through its Denver-based subsidiary Powertech (USA),
Inc., holds the Dewey-Burdock Uranium Deposit in South Dakota, the
Centennial Project in Colorado and the Dewey Terrace and Aladdin
Projects in Wyoming. The company's key personnel have over 200 years of
experience in the uranium industry throughout the United States, and
have permitted more than a dozen in-situ operations for production. For
more information, please visit www.powertechuranium.com
POWERTECH URANIUM CORP.
Per: "Richard F. Clement"
Richard F. Clement, Jr.
President & CEO
For further information, please contact:
Thomas A. Doyle, CFO, VP Finance
Phone: (604) 685-9181
Email: info@powertechuranium.com
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of the content of this News Release
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Copyright (c) 2009 POWERTECH URANIUM CORP. (PWE) All rights reserved.
For more information visit our website at
http://www.powertechuranium.com/ or send
mailto:info@powertechuranium.com
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Powertech Uranium Corp.
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EXPLORATION STAGE |
CODE : PWE.TO |
ISIN : CA7393691067 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Powertech Uranium is a uranium development stage company based in Canada. Its main exploration properties are ALADDIN, DEWEY TERRACE, CENTENNIAL and DEWEY BURDOCK in USA. Powertech Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.4 millions as of today (US$ 4.7 millions, € 3.8 millions). Its stock quote reached its highest recent level on March 30, 2007 at CA$ 4.50, and its lowest recent point on October 30, 2014 at CA$ 0.04. Powertech Uranium has 152 950 000 shares outstanding. |