UEC Receives EPA Approval for Aquifer Exemption Request

Uranium Energy Corp. (NYSEMKT:UEC) announced that the Environmental Protection Agency (EPA) has approved the company’s 5,384-acre aquifer exemption request for its Texas-based Burke Hollow project.
As quoted in the press release:

Burke Hollow is the third project to be developed as part of the Company’s hub-and-spoke strategy that is designed for low-cost in-situ recovery (“ISR”) production to be processed at the nearby Hobson plant.
The approval comes shortly after the project’s 11,000-acre Mine Area Permit was approved in December 2016 by the Texas Commission on Environmental Quality (“TCEQ”).  Two additional disposal well permits were also issued in July 2015 to make up three of the four major permits required for the project.  The last major approval is the Radioactive Material License which remains under technical review with the TCEQ.

Click here to read the full Uranium Energy Corp. (NYSEMKT:UEC) press release.