We received from enCore Energy Corp. and we are glad to publish the following press release:
” enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the “Company” or “enCore”), America’s Clean Energy CompanyTM, announced today that the U.S. Nuclear Regulatory Commission (“NRC”) has issued a 20-year renewal of the Source Materials License for the Dewey Burdock In-Situ Recovery (“ISR”) Uranium Project in South Dakota. The issuance of the Source Materials License follows the completion of the Safety Evaluation Report, the final step in the license renewal process. With the issuance of the NRC Source Material License, the Dewey Burdock Project has received all necessary federal permits.
The NRC 20-year renewal of the Source Materials License follows the recent NRC issuance of the Environmental Assessment, Finding of No Significant Impact, and issuance of the Programmatic Agreement (News Release dated June 22, 2026). The Company also received the Bureau of Land Management (“BLM”) 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.
William M. Sheriff, Executive Chair stated, “On behalf of the Board of Directors, I want to congratulate our team for their efforts to secure the 20-year extension to the NRC license. I also want to thank the NRC and the Permitting Council for their significant efforts to issue this renewal in such an efficient and effective manner. And to the community, we stand by our commitments to work together to see that the local communities and State, and our shareholders, benefit from this project as we continue to uphold our commitment to always operate with best practices to protect the people, land, air, and water.”
With all federal permits received, the Dewey Burdock Project remains subject to additional permitting by the State of South Dakota. The Company has commenced permitting efforts with the State of South Dakota, which are required before the Dewey Burdock Project proceeds to full operational status.
About the Dewey Burdock ISR Uranium Project (“Dewey Burdock Project”)
Located in South Dakota, the Dewey Burdock Project is an advanced-stage uranium project with an NRC Source Materials License (SUA-1600) effective until June 2046. The Dewey Burdock Project consists of 10,580 acres, including 10,340 acres of private surface rights and 240 acres of BLM surface rights. enCore, through its subsidiary (Powertech USA, Inc.), plans to recover uranium from the ore body and produce yellowcake using the ISR process, which uses an oxygen and water-based solution in the production wellfield to dissolve uranium minerals in place. Yellowcake, the uranium oxide product of the ISR process, is used to produce fuel for commercially operated nuclear power reactors.
To view Dewey Burdock Project maps, please visit: Dewey Burdock Maps.
The Dewey Burdock Project consists of wellfield areas, a central processing plant, supporting infrastructure, and environmental protection systems. ISR technology allows for minimal surface disturbance compared to conventional open-pit or underground uranium mining. The technology has been used for more than 50 years and has proven to be both environmentally safe and economically viable.
The Dewey Burdock Project was approved for inclusion in the FAST-41 Program by the U.S. Federal Permitting Improvement Steering Council (“Permitting Council”) on August 28, 2025, with the NRC acting as the lead agency. Under President Trump’s Executive Order, the Permitting Council identifies priority infrastructure and critical mineral projects to receive accelerated permitting review. Their mission is to achieve timely permitting decisions for qualifying infrastructure projects by promoting permitting excellence through transparency, predictability, and accountability. 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 electricity. To learn more, please visit the Federal Permitting Dashboard: Dewey Burdock ISR Uranium Project | Permitting Dashboard
About enCore Energy Corp.
enCore Energy Corp., America’s Clean Energy Company™, is committed to providing clean, reliable, and affordable uranium to fuel the rapidly expanding U.S. nuclear energy needs. enCore’s team is led by industry experts with extensive knowledge and experience in all aspects of uranium ISR operations and the nuclear fuel cycle. enCore exclusively uses ISR for uranium extraction, a minimally invasive, eco-friendly, and economically competitive mineral extraction technology co-developed by enCore’s leadership.”
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