First Uranium Update on Environmental

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Tue, Feb 2, 2010
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

First Uranium Corporation reports that it has been engaged in intensive discussions with officials of the North West Provincial government.

The TSF was designed to accommodate future tailings deposition at the Mine Waste Solutions (”MWS”) tailings recovery project in South Africa. While the EA has not yet been reinstated, based on these recent discussions, the Company is cautiously optimistic that the EA will be reinstated.

Gordon Miller, President and CEO of First Uranium, comments:

 ”As a result of the circumstances that have been precipitated by the unexpected withdrawal of the environmental authorization for our future tailings deposition site at MWS, management’s key priorities are to resolve this authorization issue as quickly as possible, seek strategic alternatives for financing and the immediate restructuring of our operations.”

For complete news release, click here.

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