The license was regained from the Colorado Department of Public Health and Environment (CDPHE) after it was suspended on account of a lawsuit by a non-government organization demanding termination of the license.
In June 2012, Denver District Court overturned the suspension of issued license for the uranium mill.
The authorities, however, kept the license pending citing an administrative hearing offering the public to further comment on the issue.
Energy Fuels, nonetheless, entered into an agreement with Town of Telluride and San Miguel County in Colorado, mandating it to set aside $15m towards financial assurance with the State of Colorado upon Mill commissioning.
Further in January 2013, a decision was held by the hearing officer stating that the administrative hearing was in compliance to
Colorado law and subsequently in next month the department was ordered to re-issue the license.
Energy Fuels president and CEO Steve Antony noted that the company, with the re-issued license, would now expand uranium production capacity on the Colorado Plateau.
"Acquisition of this license is a testament to the hard work and perseverance of our environmental and legal staff that has been working on this project since the Piñon Ridge property was acquired in July 2007.
"The Company considers the License to be a valuable addition to its portfolio of assets," elaborated Antony.
Meanwhile, the license includes conditions specifying additional requirements for the company meet prior to the beginning of mill construction, before the start of operations, during mill operations, and during mill decommissioning.
The conditions also include submission of detailed designs and plans, monitoring and testing, training, reporting, and financial assurance.
