enCore Energy Corp. Announces the Dewey Burdock ISR Uranium Project Approved for United States Government Fast-Track Permitting; First South Dakota Critical Minerals Project Added to Fast-41

Core Insights - enCore Energy Corp. announced the approval of its Dewey Burdock ISR Uranium Project for inclusion in the Fast-41 Program by the U.S. Federal Permitting Improvement Steering Council, aimed at accelerating the permitting process for critical mineral projects [1][2] - The Dewey Burdock Project is positioned to enhance domestic uranium production, supporting the U.S. nuclear fuel supply chain and contributing to clean energy initiatives [2][4] - The project utilizes In-Situ Recovery (ISR) technology, which minimizes surface disturbance compared to traditional mining methods, and is expected to provide economic benefits to local communities in South Dakota [3][4] Project Overview - The Dewey Burdock ISR Uranium Project is located in Custer and Fall River counties, South Dakota, and is an advanced-stage uranium project wholly owned by enCore [3] - The project aims to recover uranium from subsurface sandstone ore bodies using a chemical-free water-based solution, which is pumped to a central processing plant for recovery [3] - The project area covers 10,580 acres, with enCore controlling both mineral and surface rights [4] Mineral Resource Summary - The mineral resource estimates for the Dewey Burdock Project include: - Measured ISR Resources: 14,285,988 lbs (U3O8) from 5,419,779 tons with an average grade of 0.13% U3O8 [5] - Indicated ISR Resources: 2,836,159 lbs (U3O8) from 1,968,443 tons with an average grade of 0.07% U3O8 [5] - Inferred ISR Resources: 17,122,147 lbs (U3O8) from 7,388,222 tons with an average grade of 0.12% U3O8 [5] Regulatory and Industry Context - The Fast-41 Program, established to improve the federal environmental review process, identifies priority projects for expedited permitting, which includes the Dewey Burdock Project as the first ISR project in South Dakota [2][9] - The Permitting Council, which oversees the Fast-41 Program, aims to enhance transparency and predictability in the permitting process for critical infrastructure projects [9][10] - enCore Energy is recognized as a leader in the ISR uranium extraction sector, with multiple Central Processing Plants in operation, emphasizing its commitment to clean and reliable nuclear energy [11]