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Powertech Receives Safety Evaluation Report for the Dewey-Burdock Project

Powertech Uranium Corp (PWE.TO)reports that, through its subsidiary Powertech ( USA ), the company has received the final Safety Evaluation Report (SER) from the US Nuclear Regulatory Commission. The SER along with the License are the final operational documents that determine the manner in which an in situ uranium mine can operate.

The receipt of the SER indicates completion of the NRC's technical review. The NRC states within the SER, "The staff concludes that the findings described in this SER, including the necessary license conditions, support the issuance of a license authorizing the possession and use of source and byproduct material in connection with the proposed Dewey-Burdock Project."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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