Archived postings
Updated September 17, 2008
ONE DOWN, ONE TO GO - HB-1161 gains final House approval on lopsided 49-16 vote and heads to Senate; Loveland Representative Marostica argues for uranium leach mining, insults Musgrave - Posted March 31, 2008, Updated April 1, 2008
HB-1161 passes second reading in Colorado House of Representatives - Powertech CEO Richard Clement declares support for ground water protection but objects to "burdens" imposed by bill - Posted March 29, 2008
"Model" Wyoming in situ uranium mining operation cited for multiple permit violations - Cameco Corporation, a Canadian company, is world's largest uranium producer; Wyoming regulators note "inordinate number of spills, leaks and other releases", "low level of corporate commitment" to environmental issues, and "groundwater restoration not a high priority" - Posted March 27, 2008, Updated March 29, 2008
Governor Ritter backs HB-1161 - Colorado governor joins effort to protect valuable ground water from in situ leaching of uranium - Posted March 26, 2008
Denver Post supports passage of HB-1161 - Bill will "ensure that the water supplies vital to agriculture and municipal use aren't sacrificed in a new mining boom" - Posted March 22, 2008
Domestic wells in vicinity of uranium exploration drilling have "alarming" levels of radiation according to Texas ground water district - Goliad County files lawsuit against Uranium Energy Corp.; Powertech doing similar exploratory drilling in Weld County - Posted March 19, 2008
Salazar: EPA has not assured me that risks to ground water from in situ leach mining are understood - Senator makes statement during committee hearing; points out that Powertech's project area is near population of 300,000 - Posted March 15, 2008
HB-1161 sails through House Appropriations Committee on 10-2 vote - Ground water protection bill sent to full House - Posted March 14, 2008
South Dakota water regulators move to tighten regulations for in situ leach mining - Revisions are in response to Powertech's plans to mine in Black Hills - Posted March 13, 2008
Colorado Legislative Council releases report on fiscal impact of HB-1161 - Cost of implementing ground water protection bill estimated at less than $30,000 per year - Posted March 10, 2008
Timnath Town Council calls on EPA, State of Colorado, and Weld County to "deny any and all permits" to Powertech Uranium Corp. - Fast-growing town just south of the Centennial project believes mining would do irreparable harm to its economy and environment - Posted March 4, 2008
Texas county intends to sue uranium mining company for contaminating well water - Lawsuit against Uranium Energy Corp. is the result of "a number of water wells that have been rendered undrinkable" according to Goliad County attorney - Posted March 3, 2008
U.S. Congresswoman Musgrave urges Larimer County commissioners to oppose Powertech's mine plans - Musgrave seeks to protect ground water for area residents; letter follows similar message to Weld County commissioners last month - Posted February 28, 2008
Uranium mining controversy hits Washington Post, CNN, Baltimore Sun, and international websites - Associated Press story looks at impact on Hedigers' organic wheat farm; Powertech CEO Clements repeats misleading description of ISL as a "closed-system" - Posted February 23, 2008, Updated February 26, 2008
Fort Collins Coloradoan supports HB-1161 - Editorial board endorses provisions to protect water quality - Posted February 22, 2008
HB-1161 passes out of ag committee on 11-2 vote - Amended groundwater protection bill moves on to appropriations committee - Posted February 21, 2008
Greeley Tribune endorses HB-1161 and HB-1165 - Newspaper cites Summitville Superfund site and groundwater contamination in Texas - Posted February 15, 2008
Larimer County Environmental Advisory Board issues uranium mining report - Twenty-page document describes potential risks from in situ leach and open pit mines - Posted February 13, 2008
Powertech executive accuses opponents of spreading inaccurate information - Canadian complains that Coloradans are "not playing fairly" - Posted February 9, 2008, Updated May 16, 2008
Powertech releases quarterly financial statements - Cumulative losses reach $18 mil, cash burn rate increases to $1.5 mil per month, only $5 mil working capital left - Posted February 8, 2008
Aquifer restoration after ISL mining includes injection of hydrogen sulfide gas into groundwater - HIghly toxic chemical used to temporarily immobilize uranium and other heavy metals - Posted February 6, 2008
House Bill 1161 to be amended - Amendments to be heard at tomorrow's committee meeting - Posted February 5, 2008
Russia to sell uranium to U.S. utilities - Commerce Dept. agreement permits Russia to supply 20% of U.S. reactor fuel until 2020 - Posted February 2, 2008
MUSGRAVE REITERATES HER STRONG OPPOSITION TO CENTENNIAL PROJECT - Letter encourages Weld County commissioners to listen to residents and carefully evaluate potential economic and environmental costs - Posted January 31, 2008
POWERTECH STOCK IN FREEFALL - Shares fall below $1.00 US for first time since company switched from water heaters to uranium; investors may not like proposed Colorado mining laws - Posted January 21, 2008, Updated January 25, 2008
Colorado lawmakers introduce bill requiring in situ uranium miners to prove aquifers will be restored to pre-mining conditions - Companion legislation would increase local government control over mining projects and make exploratory drilling activities subject to open records laws - Posted January 16, 2008, Updated January 31, 2008
Powertech stock sets new 52-week low after two day drop of 16% - Shares of penny-stock company down 73% in less than 10 months; still no mining permits, revenues, or earnings to report - Posted January 16, 2008
Powertech CEO Clement's assertion in Denver newspaper editorial contradicted by CSU research paper - Aquifer at in-situ test site near Grover, Colorado left with higher levels of radioactivity and heavy metals - Posted January 5, 2008
Colorado lawmakers speak out on proposed uranium mining - New legislation to address unique risks from in-situ uranium leaching - Posted January 4, 2008
Uranium mine site less than one mile from potential drinking water reservoir for 200,000 northern Colorado residents - Cactus Hill Reservoir is alternative if proposed Glade Reservoir not approved - Posted December 22, 2007
Powertech stock dropping like a rock - Canadian shares down 48% in 45 days; German shares close at under one euro - Posted December 17, 2007
DENY ALL PERMITS - Fort Collins City Council sends unanimous message to EPA, State of Colorado, and Weld County - Citizens, city staff, council members act to protect future of city - Posted December 7, 2007
Fort Collins City Council to consider resolution opposing Powertech's project - Measure states the mines will be "injurious to the health, safety, and/or welfare" of residents and will "do irreparable harm to the economic well-being" of the city - Posted November 30, 2007, Updated December 1, 2007
Powertech releases quarterly financial statements - Company is burning through cash at over $1 mil per month; cash on hand will last less than 10 months at current spending rate without selling more stock - Posted November 22, 2007, Updated November 24, 2007
Doctors' advice: No uranium mining in populated area - Colorado Medical Society board unanimously joins Larimer County Medical Society in opposition to Powertech's proposal - Posted November 20, 2007, Updated November 22, 2007
New York Times contrasts Fort Collins' environmental image with potential for uranium mining - City could change from "Best place to live" in U.S. to "Closest city to an open pit uranium mine"; story also carried by International Herald Tribune, reaching worldwide audience of 21 million - Posted November 19, 2007, Updated November 20, 2007
Powertech posts deceptive promotional signs - Signs don't identify company and use fictitious website name - Posted November 15, 2007, Updated November 25, 2007
SALAZAR TO ROBERTS: SAFEGUARD THE GROUNDWATER - Senator urges EPA Region 8 chief to conduct "an accurate and complete analysis of the risks" posed by Powertech's proposal; requests information on "remediation of aquifer excursions and other types of site contamination caused by ISL mines" - Posted November 15, 2007
LANE DOUGLAS CALLS IT QUITS - Project Manager lasts only 24 weeks; lashes out at opponents, calling them liars in letter to local newspapers - Posted November 7, 2007, Updated November 11, 2007
MUSGRAVE ANNOUNCES OPPOSITION - October 13, 2007 - Congresswoman states intention to help stop proposed project to crowd of 300+ angry landowners and stunned Powertech managers at end of Nunn community meeting; cites population density, groundwater contamination risk, effect on agriculture, and declining property values - October 15, 2007, Updated December 1, 2007
Weld County Commission Chair David Long repudiates citizens' concerns - Commissioner disregards county attorney's advice to refrain from discussing uranium mining proposal - October 15, 2007, Updated November 4, 2007
NOTE: This page has been modified in response to the written threat of a defamation lawsuit from Powertech Uranium Corporation.
Colorado state legislators to propose new in-situ uranium mining regulations - Lawmakers address rally at capitol building - October 14, 2007
Chairman Wallace Mays unloads 1.76 million shares of Powertech stock - August 18 insider transactions are done privately, not on stock exchange - Posted October 1, 2007
250 people attend town hall meeting in Fort Collins - Opponents explain risks of open pit and leach uranium mining to city residents - Posted September 27, 2007
Researchers document special risk to young children of exposure to uranium in well water - Kidney damage more likely in children who drink uranium-contaminated water - Posted September 17, 2007
Satellite photo of ISL well field shows hundred of wells - Smith Ranch in Wyoming is typical uranium in-situ leaching operation - Posted September 12, 2007
Public relations materials designed to reassure nervous landowners - Posters from Nunn open house available on web for first time - Posted September 10, 2007, Updated November 9, 2007
NOTE: This page has been modified in response to the written threat of a defamation lawsuit from Powertech Uranium Corporation.
Powertech considers flooding to mine ore bodies above water table - Technique is unproven alternative to open pit mining; uranium stock website says proponents are "daydreaming" - Posted September 5, 2007, Updated February 22, 2007
3,500 old drill holes exist within mining area - Abandoned holes may provide pathways for migration of contaminated water - Posted September 2, 2007
Powertech's Canadian office - Mining uranium or mining the stock market? Search reveals several other penny-stock companies use same address - Updated November 11, 2007
NOTE: This page has been modified in response to the written threat of a defamation lawsuit from Powertech Uranium Corporation.
Powertech management discloses risks to shareholders - Twenty reasons why owning Powertech stock may be a really bad idea - Posted August 26, 2007, Updated January 20, 2008
NOTE: This page has been modified in response to the written threat of a defamation lawsuit from Powertech Uranium Corporation.
Mining opponents hold public meeting in Ault - Nearly 200 residents attend; project manager Douglas declines to address crowd - Posted August 23, 2007
Uranium price drops 14% on excess supply - Spot price hits $90 after reaching $138 in June - Posted August 21, 2007
Powertech spokesman Blubaugh relies on intuition to reassure Weld County water well owners - Posted August 20, 2007, Updated November 14, 2007
Ground water restoration after ISL uranium mining difficult to attain by flushing - U.S. Bureau of Mines research paper cites inability to completely restore aquifers at 5 mines in Texas and Wyoming - Posted August 19, 2007
POWERTECH STOCK: DOWN, DOWN, DOWN - PWE's slide leaves it a penny above 52-week low at $1.45 CAD - P8A.F drops 18% in one day to 0.90 euros; blows through previous 52-week low - Respected investment advisor debunks uranium bull market hype - Posted August 16, 2007
Old and abandoned wells provide pathways for migration of uranium solution into underground sources of drinking water - EPA-commissioned report reveals uncertainties in defining "zone of endangering influence" from ISL wells - Posted August 15, 2007
Blubaugh accuses powertechexposed.com webmaster of intentionally disseminating false, misleading, or defamatory information - VP claims solution mining, permitting, and regulations are misunderstood - Posted August 12, 2007, Updated August 14, 2007
Twenty-three well permits obtained by Powertech - Posted August 11, 2007, Updated August 14, 2007
Powertech's stock price drops below $2.00 CAD for first time since December 5, 2006 - Extremely speculative and volatile security falls deeper into penny stock territory - Posted August 9, 2007
Project Mgr Lane Douglas steps up efforts to buy out landowners - Ten parcels totaling 671 acres purchased since March 8, 2007 - Posted August 5, 2007
Powertech contractor leaves open, unprotected well casings next to county road right-of-ways for several days - Colorado water well regulations require capped wells while water wells for mining are exempt - Updated November 1, 2007
NOTE: This page has been modified in response to the written threat of a defamation lawsuit from Powertech Uranium Corporation.
Powertech releases FY2007 financial statements: No operating revenue, $4.9 mil loss for year, accumulated losses of $15.8 mil, $17.8 mil of common stock sold - Company discloses uncertainty whether its uranium reserves are "economically recoverable"
An Environmental Critique of In Situ Leach Mining: The Case Against Uranium Solution Mining - 1998 - Selected excerpts and full 144-page report)
Uranium industry promoter cites Powertech as savior of "miserable" Weld County economy - Author uses pastoral photo of in-situ well field with no wells; dismisses opponents as "quasi-environmentalists"
Nuclear Regulatory Commission: in-situ leach mining "tends to contaminate the groundwater" - Consideration of Geochemical Issues in Groundwater Restoration at Uranium In-Situ Leach Mining Facilities - U.S. Nuclear Regulatory Commission and U.S. Geological Survey - January 2007 (pdf)
Powertech VIPs and PR hired guns hold "open house" at Nunn Town Hall
(News stories, press release, and photo of public relations team)
CEO Clement flip-flops on open-pit mining question - Powertech downplays possibility of "rip and strip" mining near Fort Collins
Colorado mining officials approve secret plan to drill 23 exploratory wells in Weld County - Powertech refuses request to waive confidentiality - Updated October 24, 2007
NOTE: This page has been modified in response to the written threat of a defamation lawsuit from Powertech Uranium Corporation.
Clement touts superior communication and public relations skills
Colorado regulators refuse to release records of private meeting to discuss "regulatory scheme" for uranium mining - Public to have no input prior to final decisions on regulatory framework - Posted June 2007, Updated October 25, 2007
NOTE: This page has been modified in response to the written threat of a defamation lawsuit from Powertech Uranium Corporation.
Open-pit uranium mining likely for area six miles northeast of Fort Collins city limits
75% of potential open-pit properties are within proposed growth management area of Town of Nunn - Updated October 28, 2007
NOTE: This page has been modified in response to the written threat of a defamation lawsuit from Powertech Uranium Corporation.
Powertechexposed.com webmaster accused of deception by president of Denver public relations firm - Disagreement is over plans for open pit mining