TRC Companies, Inc. (NYSE: TRR) today announced that it has been selected as the primary environmental consulting firm for Uranerz Energy Corporation to support the expansion of an in-situ recovery (ISR) uranium unit in northeast Wyoming. TRC estimates the value for this phase of environmental permitting at more than $300,000.
“TRC is pleased to support Uranerz in their environmentally friendly and cost-effective approach to energy development,” said TRC Chairman and Chief Executive Officer Chris Vincze. “Our environmental experts are dedicated to delivering successful results to help Uranerz achieve their goals and support nuclear energy development. This essential project extends our ongoing relationship with Uranerz and we look forward to partnering with them on future opportunities.”
ISR extraction is a non-intrusive method of removing uranium ore from ore-bearing sands. The uranium extract is subsequently processed into uranium fuel for use in nuclear power plants. Efforts by Uranerz Energy Corporation will help increase the supply of nuclear fuel to meet the increasing demand for electricity.
To prepare permit applications for the Nuclear Regulatory Commission (NRC) and the Wyoming Department of Environmental Quality/Land Quality Division (WDEQ/LQD), TRC will collect environmental information and data, and will prepare reports on climatology, land use, visual resources, soils, vegetation, wildlife, socioeconomic conditions, and cultural resources for the new project area. In addition, TRC will incorporate hydrology and health physics information into the permit applications collected by other consultants. TRC also will coordinate responses to NRC and WDEQ/LQD comments and ensure that the permit applications are complete and properly managed.TRC has previously performed similar work for Uranerz related to its Nichols Ranch ISR project in Campbell and Johnson Counties, Wyoming. About TRC A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering consulting and construction management firm that provides integrated services to the energy, environmental, and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information, visit TRC's website at www.TRCsolutions.com. Forward-Looking Statements Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC’s future expectations, contain projections of the Company’s future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the availability and adequacy of insurance; the uncertainty of our operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments, including potential payments related to TRC’s ongoing IRS audit, if not resolved successfully; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC’s services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in TRC’s Annual Report on Form 10-K for the fiscal year ended June 30, 2009, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in the Company’s other filings with the Securities and Exchange Commission.