Articles Tagged "Powertech Uranium"

Powertech Receives Positive Results

Uranium – Powertech Uranium Corp.(TSE:PWE, FRANKFURT:P8A) reports that it has received positive results for the Dewey-Burdock project, Fall River and Custer Counties, South Dakota, USA. PEA was prepared by Allan V. Moran, R.G., CPG, and Frank A. Daviess, MAusIMM, of SRK Consulting (U.S.), Inc. (”SRK”), who are both Qualified Persons independent from Powertech under NI 43-101, as the primary authors. SRK [...]

Powertech Announces Drawdown of Fourth Tranche of $13.8 Million Loan Facility

Uranium – Powertech Uranium Corp. (TSE:PWE) reports completion of the drawdown of the fourth tranche of $13.8 million loan facility entered into with Societe Belge de Combustibles Nucleaires Synatom SA on October 14, 2009, as disclosed in the its news release of October 15, 2009. The Tranche bears interest at the rate of 9% per annum with interest compounding and accruing from June [...]

Powertech Submits Permit Application to EPA

Uranium – Powertech Uranium Corp. reports that its subsidiary, Powertech (USA) Inc., has submitted the underground injection control class V permit application for its Dewey-Burdock project. The US EPA, who has the federal jurisdiction for underground injection control permits, also received the Company’s UIC Class III permit application in late 2008 and accepted it as being complete in early 2009. [...]

Powertech reports drawdown of third tranche of $13.8 million loan facility

Uranium – Powertech Uranium reports its completion of the drawdown of the third Cdn.$3.45 million. The Company intends to use the proceeds of the Tranche for working capital and to advance its mineral properties towards production. Terms of the Tranche The Tranche bears interest at the rate of 9% per annum with interest compounding and accruing from March 30, 2010, being the [...]

Powertech submits UIC permit application at Dewey-Burdock

Powertech Uranium Corp. reports its submission for the first major permit application for the Dewey-Burdock project to the United States Environmental Protection Agency. The EPA issues one of three major permits that will allow development of the Company’s Dewey-Burdock Project in the Edgemont Uranium District of southwestern South Dakota. The application filed with the EPA is [...]

Board approves plan to drill more uranium test holes

Rapid City Journal reports Powertech Uranium was granted more testing on holes in South Dakota by the government despite protests by various groups. Powertech already has a state permit for 155 exploratory holes near Edgemont, but it plans to drill 30 additional holes about 600 feet deep in an attempt to find areas that have [...]