Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Uranium Company Receives Hearing Date to Resolve License Contention
News Update

Share on Stocktwits


The firm believes the new development suggests the issue could be resolved by year-end 2019.

Azarga Uranium Corp. (AZZ:TSX; AZZUF:OTCQB) announced in a news release it has been granted an Aug. 28, 2019 evidentiary hearing date to address the final contention regarding a Nuclear Regulatory Commission license for its Dewey Burdock uranium project in South Dakota. A decision by the Atomic Safety and Licensing Board should ensue on Nov. 29, 2019, thus resolving the issue by year-end 2019.

The disagreement has to do with delineating and protecting historical and cultural resources in accordance with the U.S. National Environmental Policy Act.

"We look forward to resolving the only remaining contention in Q4/19 and advancing our initial development priority, the Dewey Burdock project, as the uranium market fundamentals continue to strengthen," President and CEO Blake Steele said in the release.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Azarga Uranium. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Azarga Uranium, a company mentioned in this article.

Want to read more about Uranium investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe