Uranium Energy Corp: Draft Mine Permit
Issued For Goliad ISR Uranium Project In South Texas
First Draft Permit to be Issued in over Ten Years to
a Publicly Listed Company in the U.S.
Austin, Texas � Uranium Energy Corp,
a U.S.-based resource company with the objective of near-term uranium
production, is pleased to report that the Texas Commission on Environmental
Quality (TCEQ) has issued a Draft Mine Permit for the Company�s Goliad ISR
Uranium Project in South Texas. The issuance of the draft mine permit follows
an intensive nine-month technical review of the mine permit application by
the TCEQ.
The permitting of uranium mining in Texas is administrated at the
state level. The U.S. Nuclear Regulatory Commission (NRC) has delegated its
authority to the state regulatory agencies, and companies deal directly with
the state agencies in Texas rather than the NRC. Texas is known as an
�Agreement State.� In 2007, Texas further streamlined the permitting process
by putting the TCEQ in control of the entire permitting process. Uranium
producers and near-term producers deal with one agency, the TCEQ, for all
required and related permits and licenses. As it has done for decades with
oil and gas production, Texas is the state that is giving priority to uranium
permitting and production directly.
This is the first draft
permit to be issued in over 10 years to a publicly listed company in the
United States. A private company, Mestena Uranium LLC, also based in south
Texas, was issued such a draft permit eight years ago and is producing
approximately one million pounds of U3O8 annually using in-situ recovery.
Commenting on this
milestone, Harry Anthony, Chief Operations Officer, stated, �We are very
pleased with the rapid progress we are making with the Goliad project.
Receiving the Draft Mine Permit for Goliad after a nine-month period of
review validates the detailed technical understanding that company staff are
developing about the project area.�
Notice of the draft
permit will be published in project-area newspapers for public comment for
thirty days. TCEQ will prepare a response to comments, and the draft permit
will be placed on the Commissioners� agenda for completion. Uranium Energy
Corp is on schedule to file the remaining applications this summer for
starting ISR production at the Goliad Project, which include applications for
a Production Area Authorization, a Disposal Well Permit and a Radioactive
Material License.
About Uranium
Energy Corp
Uranium Energy Corp
(AMEX: UEC) is a US-based resource company with the objective of becoming a
near-term ISR uranium producer in the United States. The Company controls
one of the largest historical uranium exploration and development databases
in the US. Through the use of these databases, the Company has acquired
advanced uranium properties throughout the southwestern US. The
operational management is comprised of pre-eminent uranium mining and
exploration professionals, whose collective experience in this industry gives
the Company ongoing uranium mine-finding and mine development
expertise.
Contact North
America: Investor Relations, Uranium Energy Corp
Toll Free: (866) 748-1030
Fax: (512) 233-2531
E-mail: info@uraniumenergy.com
Stock Exchange
Information:
American Stock Exchange Symbol: UEC
Frankfurt Stock Exchange Symbol: U6Z
WKN: A�JDRR
ISN: US9168961038
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