Uranium Resources, Inc. (OTCBB: URRE) (URI), a uranium exploration, development and mining company with properties in south Texas and New Mexico, announced today that america Environmental Protection Agency (USEPA) has already reached a choice on the Indian country status of Section 8 of URIs Churchrock property in New Mexico. Because the Company has previously disclosed, the underlying issue in the determination was if the USEPA or the brand new Mexico Environment Department gets the authority to issue a UIC permit necessary to mine the Churchrock property. The EPA has determined that Section 8 is Indian country, and for that reason, it really is under its jurisdiction to manage the UIC program permit.
The jurisdictional dispute originated on the list of State of New Mexico, the USEPA and the Navajo Nation and was taken up to the Tenth Circuit Court of Appeals, which in January2000 remanded to the USEPA the problem if the Section8 Churchrock property was Indian country.
THE BUSINESS has anticipated that whatever decision was rendered by the EPA, it will be appealed to the federal courts, either by URI or the Navajo Nation. THE BUSINESS is reviewing your choice and will interest america Court of Appeals for the Tenth Circuit.
Mr. Clark commented, We remain confident concerning the prospects of our New Mexico assets. Recently, McKinley County, NM, passed an answer supporting the development of its natural resources, specifically uranium. Churchrock, in addition to our other identified mineralized resources, can be found in McKinley County.
ABOUT URANIUM RESOURCES, INC.
Since its incorporation in 1977, URI has produced over 7 million pounds of uranium by in-situ recovery (ISR) methods in hawaii of Texas where in fact the Company currently has ISR mining projects. URI can be conducting a feasibility study on its Churchrock ISR project in New Mexico where in fact the Company includes a Nuclear Regulatory Commission license. Additionally it is identifying its available resources in New Mexico from the analysis of its wealth of information gathered on the properties in the late 1980s. URIs strategy would be to fully exploit its resource base in Texas and New Mexico to make use of the strong global market for uranium.
Safe Harbor Statement
This news release contains forward-looking statements within this is of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are at the mercy of risks, uncertainties and assumptions and so are identified by words such as for example expects, estimates, projects, anticipates, believes, could, along with other similar words. All statements addressing operating performance, events, or developments that the business expects or anticipates will occur in the foreseeable future, including however, not limited by statements associated with the Companys reserves and mineralized uranium materials, timing of receipt of mining permits, production capacity of mining operations planned for properties in South Texas and New Mexico, planned dates for commencement of production at such properties, revenue, cash generation and profits are forward-looking statements. Because they’re forward-looking, they must be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but aren’t limited to, the location price of uranium, climate, operating conditions at the Companys mining projects, government regulation of the mining industry and the nuclear power industry, the world-wide supply and demand of uranium, option of capital, timely receipt of mining along with other permits from regulatory agents along with other factors which tend to be more fully described in the Companys documents filed with the Securities and Exchange Commission. Should a number of of the risks or uncertainties materialize, or should the Companys underlying assumptions prove incorrect, actual results can vary greatly materially from those currently anticipated. Furthermore, undue reliance shouldn’t be positioned on the Companys forward-looking statements. Except as required for legal reasons, the business disclaims any obligation to update or publicly announce any revisions to the forward-looking statements within this news release.