URG News Yesterday.
This license has been years in the making. This has been my best stock since buying it for $.84 October 15, 2010. I think it will be a solid long term prospect as uranium prices rise and demand grows.
Ur-Energy Receives Draft NRC License for Lost Creek ISR Project
Littleton, Colorado (Marketwire – January 12, 2011) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG) (“Ur-Energy” or the “Company”) is pleased to announce that the United States Nuclear Regulatory Commission (NRC) has issued the draft Source and Byproduct Materials License Number SUA-1598 for its Lost Creek in-situ recovery project located in Sweetwater County, Wyoming. Issuance of this document is a milestone in obtaining the final NRC Source Materials License and is an indication that the licensing action is nearing completion.
In accordance with standard NRC practice, the Company has been granted a brief amount of time to review the Draft License and supply suggested changes to the NRC prior to the document becoming final. The NRC also continues its work towards issuance of the final Supplemental Environmental Impact Statement. The Company anticipates the NRC will issue the final Safety Evaluation Report with the final License. The issuance of the final License will conclude the NRC’s review and licensing process.
Wayne Heili, President of the Company’s subsidiary Lost Creek ISR, LLC, stated “We are very pleased that the NRC has reached a decision to move forward with the issuance of the Draft License based on their exhaustive safety and technical review of the license application. The NRC’s decision demonstrates that the Lost Creek Project is technically sound, protective of the environment, and that the NRC licensing process is nearing conclusion.”
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