NRC Final License Remains Effective With No Stay Filed by...

NRC Final License Remains Effective With No Stay Filed by Intervenors

GREENWOOD VILLAGE, COLORADO--(Marketwired - May 14, 2015) - AZARGA URANIUM CORP. (TSX:AZZ)(FRANKFURT8AA)(OTC PINKWURF) ("Azarga" or the "Company") and its wholly owned subsidiary Powertech (USA) Inc. ("Powertech") is pleased to announce that no stay has been filed against its United States Nuclear Regulatory Commission ("NRC") Final Source and Byproduct Materials License ("NRC Final License") for the Dewey Burdock Uranium Project within the period prescribed by the United States Atomic Safety and Licensing Board ("ASLB") in its decision of 30 April 2015.
The decision issued by the ASLB allowed that if the Oglala Sioux Tribe could identify specific cultural, historic or religious sites that are subject to immediate and irreparable harm by the project, they could, within 10 days of the ASLB decision, petition for a stay of the NRC Final License's effectiveness. The 10-day period has subsequently passed with no stay filing being made. As a result, the NRC Final License, which was issued 8 April 2014, remains effective.
Powertech, NRC staff, or intervenors may petition for review regarding the ASLB's rulings within 25 days of the decision (i.e. on or before 26 May 2015).
About Azarga Uranium Corp.
Azarga Uranium Corp. is a mineral development company that owns six uranium projects, deposits and prospects in the USA (South Dakota, Wyoming and Colorado) and Kyrgyzstan together with investment holdings in Anatolia Energy Limited ((ASX:AEK) - 12% legal ownership) and Black Range Minerals Limited ((ASX:BLR) - 19% legal ownership). The Dewey Burdock Project in South Dakota is the main initial development priority, which has received its Nuclear Regulatory Commission License and is in the process of completing all other major regulatory permit approvals necessary for operation of the project including those from the Environmental Protection Agency and the South Dakota Department of Natural Resources.
For more information please visit www.azargauranium.com.