Powertech Uranium Corp. announced that it has submitted the required Plan of Operation to the U.S. Department of Interior's Bureau of Land Management (BLM) for its Dewey-Burdock uranium in situ project. The project, which is located in Fall River and Custer Counties, South Dakota (SD), consists of 10,580 surface and mineral acres controlled by the Company through active mining leases, purchases and unpatented claims. The BLM manages 240 acres within the project area, of which only about 15 acres are expected to be disturbed during the life of the project. Powertech controls the mineral rights on these lands through unpatented Federal Lode Claims and secures access under the terms of the 1872 Mining Law. The BLM is required to review the project's impacts on the federal surface and assure that there is no 'unnecessary or undue degradation of public lands' under 43 Code of Federal Regulations Part 3809. BLM will coordinate its review with the other two federal agencies (EPA and NRC) that are actively reviewing applications previously submitted by the Company, as well as the SD Department of Environment and Natural Resources (DENR). The BLM review is expected to occur concurrently with the reviews of the other agencies.

Powertech Uranium Corp. and SOCIETE BELGE DE COMBUSTIBLES NUCLEAIRES SYNATOM SA announced that they have entered into the loan facility. Pursuant to the terms of the Loan Facility, Synatom has agreed to make available to the company the Loan Facility in the principal amount of CAD 13.8 million. Concurrent with the entering into of the Loan Facility, the company drew down the first CAD 3.45 million tranche of the Loan Facility and used the proceeds from the draw down to repay the CAD 3.45 million bridge loan (the 'Bridge Loan') made by Synatom to the company on August 4, 2009. If drawn down, the company intends to use the proceeds of the remaining three tranches of the Loan Facility for working capital and to advance its mineral properties towards production. The Loan Facility is comprised of four equal tranches of CAD 3,450,000 each. The maturity date for the funds drawn down under each tranche will be 18 months from the actual drawdown date of such tranche. On each tranche maturity date, the company will repay the applicable principal amount of the tranche amount borrowed, together with all accrued and unpaid interest thereon.

Powertech Uranium Corp. announced that the staff of the U.S. Nuclear Regulatory Commission (NRC) has found the company's application for its Dewey-Burdock uranium in situ project acceptable for detailed technical and environmental review. The Dewey-Burdock Project is located in Fall River and Custer Counties, South Dakota. The source material license application was resubmitted August 10, 2009.