Is this as bad as it sounds?
Ur-Energy continues to focus its efforts on the regulatory processes necessary to obtain all required authorizations
to mine uranium by in situ recovery methods at the Lost Creek project. The required authorizations include
permits and/or licenses from the U.S. Nuclear Regulatory Commission (“NRC”), the U.S. Bureau of Land
Management (“BLM”), and the Wyoming Department of Environmental Quality (“WDEQ”).
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The NRC is required to complete two reports, the Safety Evaluation Report (“SER”) and the Supplemental
Environmental Impact Statement (“SEIS”), prior to issuing an NRC Source Material and Byproduct License
(“NRC License”). The Company has responded to all NRC staff requests related to the SER. The NRC is
continuing its effort to finalize the SER. The Draft SEIS was issued for the Lost Creek Project in December
2009. The NRC is currently processing the comments received to the Draft SEIS and has stated that it expects to
issue the SEIS in the second half of 2010
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The BLM is preparing the environmental review required before approving the Lost Creek Plan of Operations that
was submitted to the BLM in November 2009. A third party contractor has been assigned to draft the
environmental review documents. The BLM may choose to coordinate its environmental review with the
issuance of the NRC SEIS or it may complete an independent review that may incorporate part or all of the NRC
SEIS for Lost Creek.
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The permitting process with the WDEQ Land Quality Division (“WDEQ-LQD”) for the Permit to Mine is also
proceeding through the final aspects of technical review. Current expectations are that the Permit to Mine will not
be finalized until the BLM completes its environmental review process and issues its approval as the Landowner.
If she hits .60s I am a buyer gain, maybe low .70s. I got out a week or two ago for a very small profit, better to be lucky than good they say.