Peninsula Energy secures environmental impact statement for Lance projects

3 March 2014 (Last Updated March 3rd, 2014 18:30)

Peninsula Energy has received the final supplemental environmental impact statement (SEIS) from the US Nuclear Regulatory Commission for the Lance central processing plant (CPP) and Ross permit area (RPA) of its Lance uranium projects in Wyoming, US.

Peninsula Energy has received the final supplemental environmental impact statement (SEIS) from the US Nuclear Regulatory Commission for the Lance central processing plant (CPP) and Ross permit area (RPA) of its Lance uranium projects in Wyoming, US.

The Lance projects are located on the north-east flank of the Powder River basin in Wyoming.

The company anticipates source and by-product material license (SML) approval by 31 March, which will mark the conclusion of the licencing process.

"With the grant of the SML, Peninsula will have concluded the licensing process and have a clear path to production."

Peninsula Energy noted that, after successful completion of all the regulations, the company will have completed full construction and anticipate uranium production.

The SEIS will perform a comprehensive review of the project-specific environmental aspects and mitigation measures of the CPP and RPA.

The SEIS will also consider the impact of alternatives to the proposed action, as well as mitigation measures to either reduce or avoid adverse effects.

Factors to be considered include land use, historical and cultural resources, visual and scenic resources, climatology, meteorology and air quality, and geology, minerals and soils.

Peninsula executive chairman Gus Simpson said: "With the grant of the SML expected shortly, Peninsula will have concluded the licensing process and have a clear path to production."

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