Uranerz Energy Corporation announce that the Wyoming Department of Environmental Quality (“WDEQ”) – Air Quality Division has approved and issued the air quality permit for the Company’s Nichols Ranch ISR Uranium Project. The WDEQ – Air Quality Division has issued Permit No. CT-8644 in the form of a Permit to Construct the Nichols Ranch Uranium ISR Project which includes the Nichols Ranch Central Processing facility and the Hank Satellite plant. This is the first operational permit for the construction of the Nichols Ranch Uranium ISR Project to be issued to Uranerz by the State of Wyoming. Receipt of the air quality permit demonstrates progress in the environmental permitting process required for uranium production in Wyoming. The WDEQ Permit to Mine and the U.S. Nuclear Regulatory Commission Source Material License must also be obtained prior to initiating construction activities on site.
In December 2007 the Company submitted the Source Material License and Permit to Mine applications to build and operate the Nichols Ranch Uranium ISR Project, located in Johnson and Campbell Counties in the Pumpkin Buttes Uranium Mining District of the Powder River Basin, approximately 60 miles northeast of Casper, Wyoming. The detailed review of these two applications by the respective agencies is ongoing at this time. The Nichols Ranch Uranium ISR Project includes uranium in-situ recovery (“ISR”) well-fields and a central processing facility (complete with ion-exchange concentration and elution circuits, and drying and packaging circuits for finished yellowcake product) at the Nichols Ranch property, and a satellite facility with uranium ISR well-fields and an ion-exchange plant at the Hank property. The production level from these two properties is planned to be in the range of 600,000 to 800,000 pounds per year (as U3O8), while the central processing facility is being licensed for a production level of two million pounds per year. The project is progressing through detailed engineering and design. Commencement of construction and operations at the Nichols Ranch Uranium ISR Project is dependent on receipt of all required regulatory approvals.