NexGen Energy Ltd (TSX: NXE) (NYSE: NXE) (ASX: NXG) is moving onto the next stage in the revised Federal Environmental Impact Statement (EIS) for its Rook I Project.
On Monday, the Canadian Nuclear Safety Commission (CNSC) concluded its 30-day review of NexGen Energy’s responses to the remaining 49 technical review comments required to complete the revised EIS for its Rook I project.
Now the review moves onto the portion governed by the Federal-Indigenous Review Team. The CNSC will deem the EIS final once the 60-day analysis confirms that all technical review comments have been resolved. Following that, the CNSC will set the date for the Federal Commission Hearing.
The Federal Environmental Assessment process evaluates the potential environmental impacts of a proposed project before it proceeds.
This process ensures that projects are planned and executed to minimize adverse environmental effects. It also considers public and Indigenous input.
“We look forward to the conclusion of the technical review process, for the Federal EIS to be deemed final, and the establishment of a Federal Commission Hearing date for the Rook I Project in order to deliver the significant generational benefits to the local Indigenous Nations, communities, the Province and Canada,” Leigh Curyer, chief executive officer of NexGen, said.
Cuyler said that the team will start construction on the Rook I Project when the remaining approvals are obtained.
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Rook I project in line with Canada’s critical minerals strategy
The Rook I Project is a clean fuel source that aligns with Canada’s critical minerals strategy and aims to lead in providing clean energy solutions, including nuclear power. NexGen will play a key role in delivering diversified, reliable, carbon-free energy globally.
NexGen also owns the Arrow and Triple R deposits in the Athabasca Basin, which constitute a large part of the company’s highly prospective land package in the region.
The Arrow deposit, in particular, is one of the world’s largest undeveloped uranium deposits, known for its high-grade mineralization. Triple R, while smaller in scale, also boasts high-grade uranium resources.
ATHA Energy Corp. (TSXV: SASK) (FRA: X5U) (OTCQB: SASKF) holds a 10 per cent carried interest in the Arrow and Triple R deposits. This allows them to benefit from these world-class assets without incurring exploration or development costs up to a production decision.
ATHA Energy Corp. is a sponsor of Mugglehead news coverage
