Business
Energy Fuels Achieves Major Environmental Milestone at its Alta Mesa Uranium Project in Texas
Energy Fuels Achieves Major Environmental Milestone at its Alta Mesa Uranium Project in Te...
About this update from Energy Fuels Inc.
[{"type":"text","content":"\n\n\n\nEnergy Fuels Achieves Major Environmental Milestone at its Alta Mesa Uranium Project in Texas\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nDENVER, March 29, 2018\n\n\n\nDENVER, March 29, 2018 /CNW/ - Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (\"Energy Fuels\" or the \"Company\"), a leading uranium producer in the U.S., is pleased to announce that it has achieved a major environmental milestone at its Alta Mesa Uranium Project (\"Alta Mesa\") in Texas. On March 16, 2018, the Company received a notice from the Texas Commission on Environmental Quality (\"TCEQ\") confirming that the Company accomplished final groundwater restoration at Production Area 1 (\"PAA1\"). Now that TCEQ has deemed wellfield restoration complete, the Company can proceed to well plugging and final closure of PAA1, including a reduction of the reclamation bond on the project and the return of restricted cash. Groundwater restoration following uranium recovery is one of the most important environmental compliance milestones that every U.S. in situ recovery (\"ISR\") facility must complete following production.\n\nMark S. Chalmers, President and CEO of Energy Fuels stated: \"We are extremely proud to receive government confirmation of final restoration of the wellfield at Alta Mesa. Energy Fuels and the rest of the U.S. uranium industry operate under the highest health, safety, and environmental standards in the world, including state-of-the-art protection of groundwater and drinking water. This is a major milestone for Energy Fuels and further proof of our commitment to environmental stewardship. I congratulate our team on the ground in Texas and the support staff here in Denver for their hard work and professionalism on this important achievement.\"\n\nAlta Mesa is a fully-permitted and constructed ISR uranium project located in South Texas. The project (including PAA1) was in production from 2005 until 2012, during which time it produced approximately 4.6 million pounds of U3O8, or enough uranium to provide clean, carbon-free electricity from an average...