VANCOUVER, BRITISH COLUMBIA--(Marketwire -
Oct. 7, 2009) - Powertech Uranium Corp. (TSX:PWE)(FRANKFURT:P8A) ("Powertech" or the "Company") is pleased
to announce that the staff of the U.S. Nuclear Regulatory Commission (NRC) has
found the Company's application for its Dewey-Burdock uranium in situ
project acceptable for detailed technical and environmental review. The
Dewey-Burdock Project is located in Fall River and Custer Counties, South
Dakota. The source material license application was resubmitted August 10,
Richard Clement, Powertech President and CEO, said, "We are indeed pleased that the NRC has
accepted our license application as complete and that the technical and
environmental review is underway. We now have two of the federal applications
accepted as complete and will soon be submitting the third, to the Bureau of
Land Management. The EPA accepted our Underground Injection Control permit
application earlier this year. Also, we continue to work closely with the State
of South Dakota regarding its comments on the UIC permit application submitted
in May of this year."
This news release has been
reviewed and approved by Richard 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 NI 43-101.
About Powertech Uranium Corp.
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.