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TITAN URANIUM INC.

End-of-day quote Other OTC  -  05:30 2022-09-28 am EDT
- USD    0.00%
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TITAN U INC : BLM Initiates EIS On Titan's Sheep Mountain Project

08/24/2011 | 03:40pm EDT

Vancouver, British Columbia – Titan Uranium Inc (TSX-V:TUE, FSE:T4X) is pleased to announce that the US Bureau of Land Management (BLM) published today its Notice of Intent (NOI) to develop an Environmental Impact Statement (EIS) for Titan’s Sheep Mountain uranium project, located in Fremont County, Wyoming.  The complete NOI can be found at the following link: http://www.gpo.gov/fdsys/pkg/FR-2011-08-23/html/2011-21563.htm

BLM published its NOI within 10 weeks of the date Titan submitted its Plan of Operations (PoO) for the project to BLM (June 16, 2011).  The EIS will be developed considering the PoO, public comments and baseline studies conducted by Titan over the past two years.  It is anticipated it will take approximately 12 to 18 months to complete development of the EIS and to publish a final Record of Decision.  BLM’s Lander WY Field Office will schedule a series of public scoping meetings for September to introduce the project to the public and to seek input into development of the EIS.

Chris M. Healey. President of Titan commented; “This is an important step in our progress towards a fully permitted mine, and keeps the project on track for production in late 2013/early 2014.”

ON BEHALF OF TITAN URANIUM INC.

Chris M. Healey, President & CEO

For further information, please contact:

Investor Relations

Titan Uranium Inc.

Phone: 604-925-1810

Facsimile: 604-921-1898

Email: ir@titanuranium.com

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.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Titan Uranium, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Titan Uranium’s expectations are exploration risks detailed herein and from time to time in the filings made by Titan Uranium with securities regulators.


© Publicnow 2011
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