NYSEAM:UEC - Post by User
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Catchthehopperon Apr 21, 2017 2:37am
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News
NewsFrom the recent Swiss Resource Capital newsletter:
Uranium Energy: Three of four major permits for Burke Hollow granted! A few days ago, Uranium Energy announced that the Environmental Protection Agency has approved the 5,384-acre aquifer exemption request for the Company’s Burke Hollow Project in South Texas. 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 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.
In addition to this, Rodman & Renshaw reiterated its Buy rating with a US$4.20 per share price target on UEC.
Source: https://www.resource-capital.ch/en/infothek/newsletter-archiv.html