enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), America's Clean Energy Company™, announced today that its Dewey Burdock ISR Uranium Project ("Dewey Burdock Project"), located in South Dakota, has been approved for inclusion in the Fast-41 Program by the U.S. Federal Permitting Improvement Steering Council ("Permitting Council"). This is a component of the implementation of President Trump's Executive Order on Immediate Measures to Increase American Mineral Production. The Company's Dewey Burdock Project received its Source and Byproduct Materials License in 2014, from the Nuclear Regulatory Commission ("NRC"), now under timely renewal, and will work with the NRC as the lead agency for federal permitting. enCore's objective is to advance the Dewey Burdock Project into development and operation utilizing the In-Situ Recovery ("ISR") uranium extraction process.
Under the Executive Order, the Permitting Council identifies priority infrastructure and critical mineral projects to receive accelerated permitting review. The addition of the first South Dakota ISR project supports the domestic uranium production focus of the United States. This focus enables the development of essential clean energy, extracted through environmentally responsible ISR technology, to provide affordable, reliable domestic energy. To learn more, please visit the Federal Permitting Dashboard: Dewey Burdock ISR Uranium Project | Permitting Dashboard
Executive Chairman, William M. Sheriff, stated: "enCore Energy is honored to see the Dewey Burdock Uranium Project selected as a Fast-41 Project and we look forward to working with the Permitting Council and the NRC to advance the project in an open and transparent process. Dewey Burdock plays an important role in supporting the U.S. nuclear fuel supply chain with domestically produced uranium for many years into the future. As the first critical mineral extraction project selected within the State of South Dakota we also look to working with the state government, tribal governments and local communities as we focus on building a stronger domestic supply of clean and affordable energy and providing economic stimulus to southwest South Dakota."
About the Dewey Burdock ISR Uranium Project
The Dewey Burdock ISR Uranium Project ("Dewey Burdock Project), wholly owned by enCore, is an advanced-stage uranium project located in Custer and Fall River counties in South Dakota. The Dewey Burdock Project will recover uranium from subsurface sandstone ore bodies through ISR technology, which utilizes a chemical-free water based solution in the production wellfield to dissolve uranium minerals in place and then pumps the uranium-bearing solution to a central processing plant for recovery. The use of ISR technology allows for minimal surface disturbance compared to conventional open-pit or underground uranium mining. The project consists of wellfield areas, a central processing plant, supporting infrastructure and environmental protection systems.
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