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NexGen Energy submits environmental impact statement on Rook I uranium project in Saskatchewan

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(Kitco News) - Canada-focused uranium developer NexGen Energy (TSX: NXE) today announced it has submitted the draft Environmental Impact Statement ("EIS") related to its Rook I uranium project, to the Saskatchewan Ministry of Environment ("ENV") and the Canadian Nuclear Safety Commission ("CNSC").

The company said that the EIS submission is a major milestone in the advancement of regulatory approvals for the 100% owned Rook I project, adding that the submission included letters of support for the project from each of the Clearwater River Dene Nation, Birch Narrows Dene Nation, and Buffalo River Dene Nation, which all have also endorsed the project through the execution of Benefit Agreements with NexGen covering the entire lifespan of the project.

The submission of the draft EIS follows the Provincial and Federal Environmental Assessment processes that commenced in April 2019 following regulatory acceptance of NexGen's Project Description, NexGen noted in a press-release.

The project, located in the uranium rich district of Saskatchewan's southwestern Athabasca Basin, includes underground and surface facilities to support the mining and processing of uranium ore from the Arrow deposit.

CEO Leigh Curyer commented, "The submission of the draft EIS is an exciting and significant milestone for NexGen, and we are proud to be working alongside our local Indigenous partners and all our stakeholders as we deliver on this generational opportunity for Saskatchewan and Canada. Upon review and approval of the Environmental Assessment, the Rook I project will deliver enormous economic, social, and community benefits, while being a major supplier of carbon-free base load energy fuel, highlighting Canada's leading environmental commitment to the world."

The company noted that the draft EIS fulfills a key aspect of meeting Provincial and Federal requirements so that regulatory authorities can make an informed decision regarding project approval. With submission of the draft EIS, the ENV and CNSC have commenced their respective Provincial and Federal reviews, NexGen said. 

NexGen is focused on the development of the Rook I project located in the southwestern Athabasca Basin, Saskatchewan, Canada, into production. The company indicated that the Rook I project is supported by a NI 43-101 compliant Feasibility Study which outlines elite environmental performance as well as industry leading economics.

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