enCore Energy says NRC renews license for Dewey Burdock project; shares rise
BUZZ-enCore Energy says NRC renews license for Dewey Burdock project; shares rise ** Shares of uranium producer enCore Energy EU.O rise 6.8% to $1.4 premarket
** Co says the U.S. Nuclear Regulatory Commission (NRC) has issued a 20-year renewal of Source Materials License for Dewey Burdock in-situ recovery uranium project in South Dakota
** Co says the Dewey Burdock project is a large ISR uranium development positioned to support domestic uranium supply
** The renewal follows prior NRC approvals, including the Environmental Assessment, Finding of No Significant Impact, Programmatic Agreement, and final Safety Evaluation Report
** Co says with federal permits secured, the project still requires additional state-level permitting in South Dakota before proceeding to full operations
** The Bureau of Land Management has authorized commencement of construction on portions of the project's public lands, co says
** At last close, EU down 46.4% YTD
(Reporting by Varun Sahay in Bengaluru)