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« Uranium Participation Corporation: P/E at 2.05! | Main | Paladin Energy Limited: stock sold off by Merrill Lynch »

Uranium Resources Incorporated: Face an historical challenge from the Navajo!

Uranium Resources Inc logo 20 april 2008

The NRC (Nuclear Regulatory Commission) will be challenged in the federal appeals court for its approval of a source materials license for an in situ leach uranium mine, according to the Environmental News Service.

Although the Uranium Resources Incorporated (URRE) President Paul Willmott said at the time that modern in-situ leach uranium recovery technology

"Represents an acceptable and safe alternative to traditional mining methods historically used to recover uranium in New Mexico."

Navajo seal 20 April 2008

The Navajo disagree and are taking a legal stand to prevent uranium mining on their lands. The hearing is to take place on 12th May when Environmental Law Centre will argue that the NRC violated the Atomic Energy Act, the National Environmental Policy Act, and its own regulations when it issued decisions on numerous issues.

As the Navajo Nation have already banned uranium mining on Navajo land on April 19, 2005, this issue looks as though it could take some untangling, a case of big business versus the Navajo way of life and environmental considerations.

The article goes on to say that Uranium Resources have established a partnership with Itochu Corporation, one of Japan's largest corporations, to evaluate and develop the Church Rock site.

Keep an on the 12th May for the outcome of this hearing and a close eye on the URRE stock price.

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Reader Comments (1)

cannot urre discuss using uranium in their ritals? that may be a way to solve the conflict, perhaps in the past there is a tie with uranium and the performance of meditation and trance therapy...glta!

April 24, 2008 | Unregistered Commenterrichard mruz

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