Azarga Uranium Corp.

Powertech Uranium is pleased to announce that, through its subsidiary Powertech (USA) Inc., the U.S. Nuclear Regulatory Commission (NRC) has completed and published the Final Supplemental Environmental Impact Statement (FSEIS) for the Dewey-Burdock In-Situ Uranium Project located northwest of Edgemont, South Dakota. According to an announcement today from the NRC on the FSEIS, "The report concludes there are no [...]

Powertech Uranium is pleased to announce that it has closed a loan facility in the amount of US$3.6 million which has been made available by Azarga Resources, and that Azarga has made an initial Advance of US$400,000 to the Company. The conversion of the Facility into common shares in the capital of the Company and the portion of the Loan Amount in excess of $2.45 million remain subject to approval of the [...]

Powertech Uranium is pleased to announce that Azarga Resources has agreed to make available to the Company a loan facility in the amount of US$3.6 million. The Facility contains features providing for conversion into common shares of Powertech at a premium to the closing price on Friday, October 18. The Facility follows Azarga's recent strategic investment in the Company where it purchased approximately 17.5% of the [...]

Powertech Uranium is pleased to announce that Azarga Resources has agreed to make a strategic investment in the Company and to form certain strategic alliances with the Company. Azarga recently purchased approximately 17.5% of the issued and outstanding common shares in the capital of the Company on an undiluted basis from The K2 Principal Fund L.P. See Azarga's news release and early warning report dated July 31 [...]

Powertech is pleased to announce that, through its subsidiary Powertech, the Company has received the final Safety Evaluation Report from the U.S. Nuclear Regulatory Commission. The Company had previously received a draft License from the NRC. The SER along with the License are the final operational documents that determine the manner in which an in situ uranium mine can operate. The receipt of the SER indicates [...]

Powertech announces that it has completed its previously announced non-brokered private placement financing of 15 million units at a price of $0.10 per Unit for gross proceeds of $1.5 million. Each Unit consisted of one common share of the Company and one share purchase warrant. One Warrant entitles the holder thereof to purchase one additional Share at a price of $0.20 per Share for a period of three years from [...]

Powertech is pleased to announce that, through its subsidiary Powertech (USA) Inc., the Company has received its second draft uranium recovery license for the Dewey-Burdock Project from the U.S. Nuclear Regulatory Commission. On July 31, 2012, the NRC issued the first draft license for the project. Powertech provided comments on the first draft license and also provided a supplemental sampling plan by letter dated [...]

Powertech and Societe Belge de Combustibles Nucleaires are pleased to announce that Powertech elected to prepay an unsecured non-interest bearing promissory note in the principal amount of $7.5 million issued to Synatom on March 15, 2011. In accordance with the terms of the Note, it was repaid by the issuance of 12,500,000 common shares in the capital of Powertech at a price of $0.60 per Conversion Share.

Powertech is pleased to announce that, through its subsidiary Powertech (USA), the Company has received its draft uranium recovery license for the Dewey-Burdock Project from the U.S. Nuclear Regulatory Commission (NRC). The final license will be the first uranium recovery license granted by the NRC in the State of South Dakota since the decommissioned Edgemont uranium mill was licensed in 1956. The draft license has [...]

owertech Uranium is pleased to announce the completion of a National Instrument 43-101 compliant technical report for the Aladdin Project, located in Crook County. This 10,831 acre project is located along the Wyoming/South Dakota border on the northwestern flank of the Black Hills Uplift, within sandstones of the Lower Cretaceous-age Inyan Kara Group. The Report was authored by Jerry D. Bush, P.G., an independent [...]