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Uranium One Submits Permit Application for Moore Ranch Project in Wyoming
Uranium One Submits Permit Application for Moore Ranch Project in Wyoming.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\nTrading Symbols: UUU - Toronto Stock Exchange, JSE Limited (Johannesburg\n\n\nstock exchange)\n\n\nTORONTO, ON and JOHANNESBURG, South Africa, Oct. 5 /CNW/ - Uranium One\nInc. ("Uranium One") is pleased to announce that it has submitted an\napplication to the Nuclear Regulatory Commission ("NRC") in the United States\nto construct and operate an in situ uranium recovery facility at the Moore\nRanch Project located in Campbell County, Wyoming. This is the first\napplication for a new uranium recovery facility to be submitted to the NRC\nsince 1988.\n\n\nThe application was submitted on October 3, 2007 by Uranium One's wholly\nowned subsidiary, Energy Metals Corporation. Members of the NRC staff are\ncurrently reviewing the application to determine whether it contains\nsufficient information to begin detailed environmental and safety reviews.\n\n\nThe Moore Ranch Project hosts a NI 43-101 compliant measured resource\nbase of 2.95 million tons grading 0.1% containing 5.8 million pounds U3O8.\nResource delineation drilling, baseline environmental studies, as well as\nhydrologic testing efforts are ongoing at the site.\n\n\nIn August 2007, Uranium One announced that it had entered into an\nagreement with Power Resources Inc. ("PRI"), the U.S. subsidiary of Cameco\nCorporation, whereby PRI will process uranium bearing ion exchange resins from\nUranium One's owned and operated in situ recovery projects in Wyoming. Initial\nproduction is expected to be sourced from the Moore Ranch Project for\nprocessing at PRI's facilities in Wyoming or Nebraska.\n\n\nNeal Froneman, President and CEO of Uranium One commented:\n\n\n"The submission of our application for an ISR facility at the Moore Ranch\nProject to the NRC - the first in almost two decades - is a landmark event in\nthe rapidly evolving renaissance of the United States uranium mining industry.\n We look forward to becoming a leading uranium producer in the world's largest\nnuclear power generating market."\n\n\nAbout Uranium One\n\n\nUranium One Inc. is a Canadian-based uranium producing company with a\nprimary listing on the Toronto Stock Exchange and a secondary listing on the\nJSE Limited (the Johannesburg stock exchange). The Corporation owns 70% of the\noperating Akdala Uranium Mine in Kazakhstan and is also developing the South\nInka...