U.S. NRC Approves Powertech License for Second Draft Uranium Recovery

Powertech Uranium Corporation (TSX:PWE) announced recently that its subsidiary, Powertech (USA) Inc., has obtained a second draft uranium recovery license from the United States National Regulatory Commission or NRC for its Dewey-Burdock Project.

As quoted in the press release:

The second draft license brings Powertech that much closer to receiving its final uranium recovery license to develop the Dewey-Burdock Project. The NRC has given Powertech 30 days in which to comment on the second draft. With those comments, the NRC anticipates that the SER will be finalized in March 2013 and will be available for review at that time. As mentioned in a previous press release, Powertech received the Draft Supplemental Environmental Impact Statement in November, 2012 and comments are being prepared on that document. The NRC has scheduled the completion of the SEIS by May 2013, after which time the uranium recovery license is scheduled to be issued.

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