Uranerz Energy Corporation has received a commercial permit from the Wyoming Department of Environmental Quality (WDEQ) to mine the Nichols Ranch in-situ recovery uranium project in Wyoming, US.

The project is located in the counties of Johnson and Campbell in the Central Powder River Basin of Wyoming.

The project has an estimated 5.5 million pounds of uranium resources and will serve as a platform to develop Uranerz’s other Powder River Basin projects, according to the company.

Uranerz president and CEO Glenn Catchpole said it is one of the first commercial uranium permits to mine issued by the WDEQ in almost 20 years.

The company is awaiting a final materials licence from the US Nuclear Regulatory Commission that will allow Uranerz to begin construction.