U.S. Energy Corp. Announces Affirmative Decision of the Colorado Mined Land Reclamation Boardadmin
U.S. Energy Corp., a natural resources exploration and development company with interests in oil and gas, molybdenum, geothermal, and real estate assets, is pleased to announce that on January 12, 2011, the Colorado Mined Land Reclamation Board (MLRB) upheld the Colorado Division of Reclamation Mining and Safety’s (DRMS) approval of the Company’s notice of intent to conduct prospecting operations at the Mount Emmons Project. In rejecting High Country Citizens’ Alliance’s appeal, the MLRB’s decisive 4-1 vote allows prospecting activities to occur at the Mount Emmons Project in Gunnison County.
In light of the decision, Mt. Emmons Moly Company, a wholly owned subsidiary of Thompson Creek Metals and the operator of the project, is now authorized by the State of Colorado to pursue critical prospecting activities to explore the molybdenum deposit at Mount Emmons in accordance with applicable state law.