The United States Environmental Protection Agency issued the final permits for Azarga Uranium’s (TSX: AZZ) Class III and Class V underground injection control activities at the Dewey Burdock in-situ recovery uranium project in South Dakota.
In a press release, the miner said that the issuance of the permits marks a “critical milestone” that significantly de-risks the asset, as it follows the agency’s extensive review of the project.
According to Azarga’s president and CEO, Blake Steele, the EPA’s greenlight reaffirms the findings of the United States Nuclear Regulatory Commission that the project is both technically and environmentally sound.
Steele said that now that federal permits are in place, the company can focus on the required state permitting process before the South Dakota Department of Environment and Natural Resources.
“At a time when the uranium market remains in a structural deficit and the United States government has shown historic bi-partisan support for the uranium sector, as evidenced by the Senate Committee on Appropriations draft fiscal year 2021 funding measures and subcommittee allocations’ inclusion of $150 million for a United States uranium reserve, Azarga Uranium continues to unlock the value of one of the preeminent undeveloped in-situ recovery uranium projects in the USA,” the executive said.
Dewey Burdock is an in-situ recovery uranium project located in the Edgemont uranium district, where the radioactive metal occurs in the sandstones as classic roll front deposits favourable to ISR mining methods.