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enCore Energy announced that the U.S. Nuclear Regulatory Commission, or NRC, has issued a 20-year renewal of the Source Materials License for the Dewey Burdock In-Situ Recovery Uranium Project in South Dakota. With the issuance of the NRC Source Material License, the Dewey Burdock Project has received all necessary federal permits. The company also received the Bureau of Land Management decision that the Dewey Burdock Uranium Project is authorized to commence construction of infrastructure on portions of the project's BLM-managed public lands within the larger Dewey Burdock Project. With all federal permits received, the Dewey Burdock Project remains subject to additional permitting by the State of South Dakota and the company has commenced permitting efforts before the Dewey Burdock Project can proceed to full operational status. enCore, through its subsidiary Powertech USA plans to recover uranium from the ore body and produce yellowcake using the ISR process. Yellowcake, the uranium oxide product of the ISR process, is used to produce fuel for commercially operated nuclear power reactors.

EnCore Energy files $700M mixed securities shelf

enCore Energy announced that the Bureau of Land Management, or BLM, has issued a final decision and approved the Dewey Burdock Uranium Project, authorizing the company to commence infrastructure construction for the Dewey Burdock Uranium In-Situ Recovery - ISR - Project in Southwest South Dakota. With the execution of the final Environmental Assessment and Finding of No Significant Impact, the BLM authorizes enCore's wholly owned subsidiary Powertech to construct initial ancillary infrastructure on approximately 240 acres of BLM-managed public land within the larger 10,580-acre Dewey Burdock Project. The authorized work under the BLM EA includes construction of portions of the primary and secondary access roads, light-use roads, four groundwater monitoring wells, and overhead power lines. The Dewey Burdock Project, wholly owned by enCore, is an advanced-stage uranium project located in Custer and Fall River counties in South Dakota. The Project will recover uranium from subsurface sandstone ore bodies through ISR technology.