Indeed, Canada-based Powertech Uranium Corp. says the new rules will allow it to move forward with its 7,262-acre uranium project about 11 miles northeast of Fort Collins near the Wyoming border. The proposed Centennial project would give the company access to 12.8 million pounds of uranium reserves, but the Weld County site is also in the vicinity of more than 100 active groundwater wells, raising concern among environmental groups and residents (Land Letter, Dec. 3, 2009).
The company expects to submit its mining application to the state by next spring, said Richard Blubaugh, the company's vice president for environmental health and safety resources. "The final rules we believe are rules we can live with and we can proceed with out project under," he said.
Looks like BLR is one step closer to having the mine application aproved ,providing we follow the new strict rules and regulations? Or have I misinterpreted the article?
BLR Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
