07:50 AM EDT, 09/12/2024 (MT Newswires) -- enCore Energy Corp. ( EU ) , a uranium producer, provided Thursday an update on the regulatory progress for the company's 100% owned Dewey-Burdock in-situ recovery uranium project located near Edgemont, South Dakota.

A statement noted the Dewey-Burdock Project has received its Source Material License from the U.S. Nuclear Regulatory Commission, its Aquifer Exemption and its Class III and V Underground Injection Control Permits from the U.S. Environmental Protection Agency Region 8. It also noted these three Federal approvals have been subject to appeal by the Oglala Sioux Tribe (OST).

The company noted it announced on March 20, 2023 that the NRC Source Material License was final when the OST chose not to appeal the decisions by the D.C. Circuit Court of Appeals to the U.S. Supreme Court. On September 3, 2024, the Environmental Appeals Board of the EPA issued its ruling on the OST appeal regarding the Dewey-Burdock Class III and V UIC Permits. enCore said the EAB decision is consistent with the ruling by the D.C. Circuit Court of Appeals where both appeals involved similar issues.

Paul Goranson, Chief Executive Officer, in Thursday's statement said: "This is another significant milestone for advancing the Dewey-Burdock Project, and it remains consistent with the prior outcome from the U.S. NRC. We believe that the portion of the Order remanding back to EPA Region 8 is administrative and will not significantly impact the overall timing to advance the Dewey-Burdock project."

EU was up 8% at $5 on the TSX yesterday.