NexGen Energy has announced the completion of the final federal technical review for its Rook I Uranium Project by the Canadian Nuclear Safety Commission (CNSC).
This marks a significant advancement in the project's federal approval process, bringing it closer to obtaining the necessary permissions to proceed.
The Rook I Project in the Athabasca Basin in Canada is now set to enter the final stages of approval, which includes scheduling a commission hearing.
The technical review's conclusion is a critical step in a process that began in 2019, following the CNSC deeming NexGen's Federal licence application sufficient in September 2023, and the receipt of Provincial Environmental Assessment approval in November 2023.
NexGen stated that the completion of the final federal technical review for the project is a commitment to superior environmental standards, comprehensive community engagement and to supporting global net-zero objectives.
The company also added that it is “poised to drive Canada to the forefront of global clean energy fuel production” with the Rook I Project.
NexGen Energy CEO Leigh Curyer said: “This exciting outcome is a testament to the exceptional efforts of our entire NexGen team, the collaborative support of our valued Indigenous Nation partners, and our transparent approach with the CNSC to ensure a robust and thorough review that meets the highest standards of environmental protection for the sustainable development of the Rook I Project.
“Since inception, our honest and innovative holistic approach to the successful development of this generational project has set new industry standards as to what is possible, whilst positively impacting all our valued stakeholders.
“Together with the Clearwater River Dene Nation, Métis Nation – Saskatchewan Northern Region 2 and Métis Nation – Saskatchewan, Buffalo River Dene Nation, and Birch Narrows Dene Nation, we are construction ready to deliver transformative and unprecedented social, economic and environmental benefits to local communities, the Province of Saskatchewan, Canada, and the world.”
In May this year, NexGen Energy revised its placement with Aitken Mount Capital Partners, offering 20,161,290 shares at C$11.11 each for C$224m ($162m).
