First Uranium temporarily closes Ezulwini plant

[] — FIRST Uranium Corporation announced on Tuesday that it had temporarily closed its Ezulwini Uranium plant to replace two columns in the Ion Exchange section, following a structural failure on a loading column.

The plant would be closed while two columns are designed, manufactured, installed and commissioned. The work is expected to be complete by year-end.

The anticipated overall impact on the company’s cash flow, loss in uranium sales and rescheduled capital is $1.2m. The operation of the gold plant is not affected.

“This is an important issue that must be addressed. At the same time, it also provides a timely opportunity for us to undertake the necessary repairs that will restore the plant to safe and efficient operation,” said Deon van der Mescht, President and CEO.

As our production build up at Ezulwini is at an early stage, the overall impact to the repair will be minimal.”