April 7, 2010
On April 5, 2010, the U.S. Nuclear Regulatory Agency (NRC) granted an exemption request to authorize certain construction activities at the Lost Creek ISR site in advance of the pending Source Material and Byproduct License decision. Under NRC regulations, commencement of construction (with some limited exceptions) prior to license issuance is not permitted unless an exemption is granted. The authorization from the NRC gives Ur-Energy the flexibility to proceed with the preparation and construction of site infrastructure and support facilities prior to the issuance of the primary NRC license needed for construction and operation of an ISR facility. The NRC has prepared an Environmental Assessment (EA) in support of the exemption being granted. On the basis of the EA, the NRC found that there are no significant environmental impacts from the proposed actions. The Company is coordinating with other regulatory agencies to obtain additional approvals necessary to commence construction.
W. William Boberg, President and CEO, a Professional Geologist, and Qualified Person as defined by National Instrument 43-101, supervised the preparation of and reviewed the technical information contained in this release.