The US government is evidently remaining true to their intentions to fast track projects under the Fast-41 Program. EnCore Energy (TSXV: EU) this morning reported that it has seen the US Environmental Protection Agency’s Environmental Appeals Board deny a petition for review filed by multiple parties against the company in relation to permits issued for the Dewey Burdock ISR Uranium Project in South Dakota.
The permits in question consist of Class III and Class V Underground Injection Control permits for the in-situ recovery project. Petitioners had argued that the permit decisions made by the EPA violated multiple statutes and procedures related to safe drinking water and national historic preservation. The Environmental Appeals Board however disagreed with the allegations, concluding that the EPA had acted properly, permits were supported by administrative record, and that no errors were made under the regulatory process.
With the petitions being denied, the project can now advance through federal permitting, while state permitting is expected to commence sometime yet this year. The decision follows over a decade of permitting and litigation in connection with the project. With this ruling, all major federal authorizations are said to be final, allowing the project to proceed through development.
“This decision by the EAB affirms the validity of the permits and the integrity of the regulatory process following years of administrative and judicial review. The Dewey Burdock Project is part of enCore’s U.S. production pipeline, and today’s decision provides the certainty needed to continue advancing toward development,” commented enCore CEO Robert Willette.
enCore Energy last traded at $3.48 on the TSX Venture.
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