With the Finding of No Significant Impact, the NRC has stated that it will renew the Dewey Burdock license if the NRC concludes that enCore, through its wholly-owned subsidiary Powertech USA, Inc., has demonstrated it will continue to meet NRC safety requirements for construction and operation of an In-Situ Recovery ("ISR") facility. The NRC safety evaluation review is the final step in the process to renew the NRC Source Materials License. enCore has provided all information and material under the existing NRC license for consideration of this final step.

The NRC also issued a Programmatic Agreement that satisfied its obligations under Section 106 of the National Historic Preservation Act and outlines a phased process for compliance and analysis for the protection of cultural and historic resources. A copy of the NRC decision is available at this link.

The NRC decision follows the recent 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. The authorized work under the BLM decision includes construction of portions of the primary and secondary access roads, light-use roads, four groundwater monitoring wells, and overhead power lines.