Energy Fuels' Pinon Ridge Uranium Mill County Special Use Permit Upheld by Colorado District Court in Montrose County
04 Febbraio 2011 - 10:14PM
Marketwired
Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company"), an
advanced uranium and vanadium development company, learned that
today, February 4, 2010, Judge James Schum of the State of Colorado
District Court in Montrose County denied the legal challenge by
Sheep Mountain Alliance of the decision by the Montrose County
Board of County Commissioners (Board) to approve the Special Use
Permit for the Company's Pinon Ridge Mill, originally approved on
September 30,2009. This ruling will allow for construction to
proceed on the mill once all remaining state and federal permits
are obtained and a reclamation bond is posted with the State of
Colorado.
Energy Fuels received approval from the Colorado Department of
Public Health (CDPHE) and Environment for its Radioactive Material
License on January 5, 2011. This is the primary permit needed to
operate a uranium mill in Colorado. The mill is designed to process
500 tons per day (tpd) of uranium and vanadium ore.
Energy Fuels submitted its application for the Pinon Ridge Mill
Special Use Permit in July 2008 for an 880 acre parcel in Paradox
Valley on the west end of Montrose County. The county permitting
process was extensive and extended over a period of one year and
included six public meetings held by the Planning Commission and
Board. The project received unanimous approval from all levels of
the Montrose County review process including the West End Planning
Advisory Committee, the Planning Commission and the Board.
The Sheep Mountain Alliance is a non-governmental organization
based in Telluride Colorado, which is located about 55 miles (90
kilometers) from the mill site in San Miguel County. The
organization filed an appeal of the Board's Decision on October 30,
2009 contending that the Montrose County Zoning Resolution
prohibits issuance of a special use permit for a uranium mill in an
area zoned for General Agriculture and that the county abused its
discretion when it approved a 500 tpd mill, as the mill is designed
to allow for future expansion to 1,000 tpd. Legal briefs were
subsequently filed with the District Court in the fall of 2010. The
Court, in its February 4, 2011 order stated "that the recording of
the resolution conditionally approving the mill was not an abuse of
discretion or unlawful" and "that the Board properly applied the
procedural and substantive provisions of the Zoning
Resolution."
Steve Antony, President and CEO of Energy Fuels stated that, "We
could not be more pleased with this decision. The Energy Fuels team
continues to meet its milestones and deliver on our commitments as
we move toward the responsible and safe production of uranium and
vanadium in western Colorado."
About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium
mineral development company actively rehabilitating and developing
formerly producing mines. With more than 38,000 acres of highly
prospective uranium and vanadium property located in the states of
Colorado, Utah, Arizona, Wyoming, and New Mexico, and exploration
properties in Saskatchewan's Athabasca Basin totaling approximately
32,000 additional acres, the Company has a full pipeline of
additional development prospects. Energy Fuels, through its
wholly-owned Colorado subsidiary, Energy Fuels Resources
Corporation and its British Columbia subsidiary, Magnum Uranium
Corp., has assembled this property portfolio along with a first
class management team, including highly skilled technical mining
and milling professionals based in Lakewood and Naturita, Colorado
and Kanab, Utah.
This news release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended and "Forward Looking Information"
within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included
herein are forward-looking statements and forward-looking
information that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time-to-time
with the British Columbia, Alberta and Ontario Securities
Commissions.
Contacts: Energy Fuels Inc. Gary Steele Investor Relations (303)
974-2140 or Toll free: 1-888-864-2125 investorinfo@energyfuels.com
www.energyfuels.com
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