August 12, 2009 09:01 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 12, 2009) - POWERTECH URANIUM CORP. ("Powertech" or the "Company") (TSX:PWE)(FRANKFURT:P8A) is pleased to announce today that it has resubmitted its in situ leach application to the U. S. Nuclear Regulatory Commission ("NRC") for a uranium recovery license for its Dewey-Burdock Project in Custer and Fall River Counties, South Dakota. The Company, as noted in its June 16th, 2009 press release, voluntarily withdrew its application to provide the NRC with some additional information in order to assist NRC Staff in completing its acceptance review.
The original NRC application submitted on February 26, 2009 was the culmination of two years of concerted effort in gathering baseline data to establish background environmental conditions at its Dewey-Burdock Project. The Company expects that these additional data presentations will facilitate the review by the NRC technical staff and keep the Company's application moving forward toward final approval and issuance of a license.
Richard Clement, Powertech President and CEO, said "The Company is pleased with the completion and the resubmission of the NRC application. We look forward to proceeding with the review process and will continue to interact closely with all the regulatory agencies."
This news release has been reviewed and approved by Mr. Clement, President and CEO of Powertech, under whose direction the Company's operations are being carried out. Mr. Clement, P.G., MSc., is a Qualified Person as defined by National Instrument 43-101.
About Powertech Uranium Corp.
Powertech Uranium Corp. is a mineral exploration and development company that, through its Denver-based subsidiary Powertech (USA), Inc., holds the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado and the Dewey Terrace and Aladdin Projects in Wyoming. The company's key personnel have over 200 years of experience in the uranium industry throughout the United States, and have permitted more than a dozen in-situ operations for production. For more information, please visit www.powertechuranium.com
POWERTECH URANIUM CORP.
Richard F. Clement, Jr., President & CEO
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
Powertech Uranium Corp.Thomas A. DoyleCFO, VP Finance(604) 685-9181(604) 685-9182 (FAX)www.powertechuranium.com
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