|Strathmore Minerals Corp.: Roca Honda Mine Permit Application Deemed Administratively Complete|
Wed Dec 2, 10:00 AM
KELOWNA, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2009) - STRATHMORE MINERALS CORP. ("Strathmore" or the "Company") (TSX VENTURE: STM.V) is pleased to announce the New Mexico Energy, Minerals & Natural Resources Department, Mining and Minerals Division (MMD), has deemed the mine permit application, submitted by its jointly owned subsidiary Roca Honda Resources LLC ("RHR" or the "Joint Venture"), for its proposed Roca Honda underground uranium mine project in McKinley County, New Mexico to be "administratively complete". The MMD will now circulate the application to other government agencies for comment as part of the technical review process. In addition, under existing legislation, RHR has 30 days, from official receipt of notification, to provide written public notice of the MMD's determination. The Roca Honda property, which is situated on public lands managed by the US Forest Service and the State of New Mexico, is held by Strathmore and Sumitomo Corp of Japan under their jointly owned subsidiary Roca Honda Resources LLC.
Earlier this year, RHR announced that its Roca Honda mine permit application remained on schedule for submittal in the fall of 2009 (See press releases dated January 29 and February 3, 2009). On October 23, 2009, RHR submitted its five volume mine permit application to the MMD and the US Forest Service, on schedule and under budget (see press release dated October 27, 2009).With receipt of the recent notification from the MMD regarding the mine permit application, the three important submissions: the Water Discharge Permit application (see press release dated April 20, 2009), the Sampling and Analysis Plan (see press release dated May 5, 2009) and the Mine Permit application have all been deemed "administratively complete". These determinations mark the beginning the overall decision-making process for obtaining the regulatory approvals for the development of the Roca Honda Project.
The technical and public review process will provide the mechanism by which to provide additional technical information as may be requested by the MMD. An environmental impact analysis will be performed by the MMD and the U.S. Forest Service will prepare an Environmental Impact Statement (EIS) on the project.
Juan Velasquez, Strathmore's Vice-President of Government, Regulatory, and Environmental Affairs, commented, "This is an exciting time for the Roca Honda project. With the support of Sumitomo, the RHR team has worked very hard over the last three years to advance this project, and we take great pride in the accomplishments made on the Roca Honda project to date. We are confident that working closely with the public, the State of New Mexico, and the United States Forest Service, will ultimately lead to the approvals that will allow us to develop a modern, safe, and environmentally sound project."
David Miller, Strathmore's CEO, summarized, "Our New Mexico permitting team, led by John DeJoia and Juan Velasquez, has completed the Roca Honda permit application as originally planned. This milestone could not have been achieved without their expertise and dedication. The Joint Venture remains committed to continuing the work necessary to revitalize the Grants Uranium District and is one-step closer to becoming a uranium producer in the United States."
STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties in the United States. Headquartered in Kelowna, British Columbia, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM".
ROCA HONDA RESOURCES LLC is a jointly owned subsidiary of Strathmore Minerals Corp and Sumitomo Corp that holds the Roca Honda uranium project in New Mexico.
This news release contains "forward-looking information" that is based on Strathmore Minerals Corp.'s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Strathmore's exploration and development plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Strathmore's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the historical resource estimates, the work expenditure commitments; the ability to raise sufficient capital to fund future exploration or development programs; changes in economic conditions or financial markets; changes in input prices; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain permits required in connection with maintaining, or advancing, the Roca Honda project; and labour relations matters.
This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Strathmore Minerals Corp. disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
ON BEHALF OF THE BOARD
David Miller, CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Strathmore Minerals Corp.