Uranium Resources, Inc. (NASDAQ: URRE) (“URI”), announced the positive findings resulting from the Section 8 / Navajo-Gallup Groundwater Report and Conjunctive Use Evaluation for its Churchrock Section 8 (“Section 8”) uranium in-situ recovery (“ISR”) project.
The study results indicate that existing Gallup, Fort Wingate, Rehoboth and Navajo Nation water wells will not be impacted by Section 8 ISR activities, during mining operations or into the future. Moreover, the evaluation concluded that there is no discernible risk that ISR activities would adversely affect groundwater allocated for the Navajo-Gallup Water Supply Project.
“This study was a collaborative effort with the Navajo Nation and the City of Gallup,” stated Mark S. Pelizza, Senior Vice President of Health, Safety and Environmental Affairs of URI. “The evaluation substantiates our belief that ISR mining, specifically at our Churchrock project, is a safe, environmentally-friendly way to extract uranium.”
Mr. Pelizza added, “We continue our discussions with members of the Navajo Nation and its government and believe that this jointly developed study is a solid step forward to help address their mining concerns.”The report was prepared by Daniel B. Stephens and Associates, Inc., a hydrology, engineering and geosciences consulting firm based in Albuquerque, New Mexico. The firm was selected to conduct the study by the Navajo Nation and the City of Gallup. The evaluation was conducted assuming parameters that resulted in faster groundwater migration rates and placed all future supply wells in locations closer to Section 8 than are projected. Additionally, consideration was not given to geochemical processes, which lead to the natural dilution and removal of elements over time. About Uranium Resources, Inc. Uranium Resources, Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas. URI has over 206,600 acres of uranium mineral holdings and 152.9 million pounds of in-place mineralized uranium material in New Mexico and an NRC license to produce up to 1 million pounds of uranium per year. URI has an additional 1.3 million pounds of in-place mineralized uranium material in Texas and South Dakota. The Company acquired these properties over the past 20 years along with an extensive information database of historic drill hole logs, assay certificates, maps and technical reports. None of URI’s properties is currently in production.