Powertech Uranium Corp Receives License to Operate Dewey-Burdock Project

The U.S. Nuclear Regulatory Commission has granted a final source and byproduct materials license to Powertech Uranium Corp. (TSX:PWE,TO) for its South Dakota Dewey-Burdock Project. Powertech is also expecting draft permits from the U.S. Environmental Protection Agency this month.

As quoted in the press release:

The license represents the most comprehensive of three major agency authorizations required to construct and operate the Dewey-Burdock Project. It follows the NRC’s January 2014 Final Supplemental Environmental Impact Statement, which concluded, “… there are no environmental impacts that would preclude licensing the facility.” The NRC’s Safety Evaluation Report, published in March 2013, also recommended license approval.

Powertech Uranium CEO, Richard Clement, said:

The NRC and numerous other agencies that participated in the review and analysis necessary to complete licensing components are to be commended for their professionalism. Similarly, we congratulate the Dewey-Burdock team for its success in achieving the Company’s foremost permitting objective, the NRC Source and Byproduct Materials License.

Click here to read the Powertech Uranium Corp. (TSX:PWE) press release