- NexGen Energy (TSX:NXE) reveals that the Canadian Nuclear Safety Commission has notified NexGen of the successful completion of the final Federal technical review
- This is the critical step required to schedule a Federal Commission Hearing and the subsequent decision on the project’s approval
- The Rook I Project in the Athabasca Basin in Saskatchewan positions NexGen Energy as a significant player in the global mining industry, with a focus on environmental responsibility
- Shares of NexGen Energy are up 6.57 per cent to C$11.84 as of 12:07 p.m. ET
NexGen Energy Ltd. (TSX:NXE) reveals that the Canadian Nuclear Safety Commission has notified NexGen of the successful completion of the final Federal technical review for its flagship Rook I uranium project in northern Saskatchewan.
In a news release, the company stated that the Canadian Nuclear Safety Commission (CNSC) has completed its final technical review and confirmed that NexGen has successfully addressed all information requests.
According to NexGen Energy, this completes a key step in the federal environmental assessment (EA) process, moving the project one step closer to receiving final approval.
The next steps will now include scheduling a commission hearing, after which the CNSC will make a final decision regarding the project’s approval. This follows the company’s receipt of Provincial EA approval in November 2023, a critical milestone in the regulatory process for the Rook I Project, which has been undergoing review since 2019.
“Our approach to developing the Rook I Project has set new standards for the industry, prioritizing environmental protection, social inclusion, and economic benefits for local communities,” Leigh Curyer, CEO of NexGen Energy said in a statement. “We are construction-ready, with over $800 million in cash and liquid assets, and ready to move forward pending a positive decision from the Commission.”
NexGen’s Rook I Project is poised to become one of the largest and most environmentally responsible uranium mining operations in the world and is positioned to lead the global uranium industry, contributing to Canada’s energy future while meeting international net-zero goals.
NexGen Energy is a Canadian uranium company focused on the development of clean energy fuel for the future. The company’s Rook I Project is on track to become the world’s largest low-cost uranium mine, backed by a NI 43-101 compliant Feasibility Study that highlights strong environmental and economic performance.
Shares of NexGen Energy are up 6.57 per cent to C$11.84 as of 12:07 p.m. ET.
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(Top image: NexGen Energy)