Energy Fuels Inc. (NYSE MKT:UUUU) (TSX:EFR) is pleased to announce that the United States District Court for the District of Arizona has denied a challenge by non-government organizations and a Native American tribe to the Company’s ability to operate its Canyon mine.
The court’s decision affirms the Company’s right to continue with mine development and uranium production at the Canyon mine in accordance with previously obtained rights and regulatory approvals. In his order, Judge David G. Campbell granted summary judgment in favor of the U.S. Forest Service and Energy Fuels, and ordered the plaintiffs’ action terminated. The court rejected all of the plaintiffs’ claims, including claims alleging non-compliance with certain environmental and cultural procedural laws. The court also found that USFS properly consulted with the Native American tribe when the Company decided to resume active mining operations. No substantive environmental, health or safety issues were asserted by the plaintiffs.
Stephen P. Antony, President and CEO of Energy Fuels stated: “We are pleased that the federal court rejected the plaintiffs’ challenges to the Canyon mine, which allows us to continue our development of this high-grade deposit. In rejecting all of the plaintiffs’ claims, Judge Campbell noted that the government engaged in extensive environmental analysis and consultations regarding this project. The Canyon mine has been heavily studied, and the technical and geologic characteristics of the project are well-understood. Energy Fuels is absolutely committed to operating the Canyon mine in a responsible manner, and we are proud to do our part in providing clean energy to the world, as the uranium we produce will reduce air pollution and help address climate change.”
The district court’s decision is subject to appeal.
The Canyon mine is a permitted high-grade uranium deposit located in northern Arizona. The Company recently announced that it was preparing to resume development at this project. At the current time, surface development at the Canyon mine, including a headframe, evaporation pond, hoist, environmental controls, and an office/maintenance facility, is in place. To complete the mine, the Company expects to sink an additional 1,200 feet of shaft, install a ventilation shaft and complete underground development.
ABOUT ENERGY FUELS:
Energy Fuels is currently America’s largest conventional uranium producer. Energy Fuels operates the White Mesa Mill, which is the only conventional uranium mill currently operating in the U.S. The mill is capable of processing 2,000 tons per day of uranium ore and has a licensed capacity of over 8 million lbs. of U3O8. Energy Fuels has projects located in a number of Western U.S. states, including a producing mine, mines on standby, and mineral properties in various stages of permitting and development.
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