In-Situ Recovery Method To Be Enabled At Sweetwater Complex

CASPER, WY, – Uranium Energy Corp announced that its Sweetwater Uranium Complex has been designated as a transparency project by the U.S. Federal Permitting Improvement Steering Council as part of the implementation of President Trump’s Executive Order on Immediate Measures to Increase American Mineral Production.
The Executive Order directed federal agencies to fast-track permitting for certain infrastructure and critical mineral projects selected by the Steering Council. As a result, Sweetwater has been selected for fast-tracking and added to the FAST-41 transparency dashboard. The addition of projects like Sweetwater supports America’s mineral production goals by creating a more efficient and transparent federal permitting process for projects with the potential to supply minerals critical to the nation.
UEC’s primary objective of this permitting initiative is to enable In-Situ Recovery (ISR) mining methods, a lower-impact approach to uranium extraction, within the existing mine permit boundary and to expand the mine boundary to include adjacent ISR-amenable deposits located on federally managed lands overseen by the Bureau of Land Management (BLM). The BLM, under the Department of the Interior, is the lead agency for federal permitting.
Amir Adnani, President and CEO, said, “Sweetwater’s selection under FAST-41 reinforces its national importance as a key project to achieve the United States’ goals of establishing reliable infrastructure, supporting nuclear fuel independence. Sweetwater will be UEC’s third hub-and-spoke production platform, following operational advancements underway in Wyoming’s Powder River Basin and South Texas. On completing this tack-on permitting initiative, Sweetwater will be the largest dual-feed uranium facility in the United States, licensed to process both conventional ore and ISR resin. This will provide the Company unrivaled flexibility to scale production across the Great Divide Basin, leveraging UEC’s leading domestic resource base. We’re proud of and grateful for the Steering Council’s support under President Trump’s Executive Order to fast-track a secure, predictable, and affordable supply of critical minerals.”