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Energy Fuels Obtains EPA Approval for Future Expansion of Nichols Ranch Uranium Project
Energy Fuels Obtains EPA Approval for Future Expansion of Nichols Ranch Uranium Project ...
About this update from Energy Fuels Inc.
[{"type":"text","content":"\n\n\n\nEnergy Fuels Obtains EPA Approval for Future Expansion of Nichols Ranch Uranium Project\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\nLAKEWOOD, CO, Feb. 17, 2017\n\n\n\nLAKEWOOD, CO, Feb. 17, 2017 /CNW/ - Energy Fuels Inc. (NYSE MKT: UUUU; TSX: EFR) (\"Energy Fuels\" or the \"Company\"), a leading producer of uranium in the United States, is pleased to announce that the U.S. Environmental Protection Agency (\"EPA\"), in a letter dated February 10, 2017, has issued an aquifer exemption for the Jane Dough wellfield in the Nichols Ranch ISR Project pursuant to the requirements of 40 CFR §146.4. In the letter, the EPA concurred with the reclassification of the Jane Dough aquifer by the Wyoming Department of Environmental Quality (\"WDEQ\") to allow for future in situ uranium recovery.  \n\nThe Jane Dough wellfield, which is adjacent to Energy Fuels' currently producing Nichols Ranch wellfield, is important in sustaining the Company's long-term uranium production at Nichols Ranch. The Company is currently producing uranium from the Nichols Ranch wellfield and expects nine header-houses to be in operation during 2017. The Company expects to construct four additional header-houses in the Nichols Ranch wellfield once sustained improvements in uranium prices are observed. Once all thirteen header-houses in the Nichols Ranch wellfield have been constructed, the Company expects to advance production into the Jane Dough wellfield, which will be connected to the Nichols Ranch Plant.\n\nAccording to a February 2015 technical report (\"Technical Report\") prepared in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"NI 43-101\"), the Jane Dough wellfield is estimated to hold approximately 3.6 million pounds of uranium, contained in 1.5 million tons of Indicated Mineral Resources with an average grade of 0.11% eU3O8. This is almost 1 million more pounds of uranium than what the Technical Report estimated to be contained in the currently producing Nichols Ranch wellf...