The US Bureau of Land Management (BLM) has issued a final environmental assessment and granted its final approval for the plan of operations of the project, situated in Wyoming’s Powder River Basin.
Energy Fuels has earlier secured approvals from the US Nuclear Regulatory Commission and the Wyoming Department of Environmental Quality.
The approval from the BLM will enable the company to go ahead with the development of mining facilities and associated infrastructure at the Hank unit.
Energy Fuels is currently producing uranium from its 100% owned Nichols Ranch ISR Project, also situated in Powder River Basin.
The company is allowed to develop the Hank Unit as a satellite operation to the Nichols Ranch processing facility in the future.
It will explore other production options if possible like linking the Hank unit to the Nichols Ranch ISR project through a pipeline.
Energy Fuels president and CEO Stephen Antony said: "Final approval of the Hank ISR Uranium Project is a major achievement for Energy Fuels, as we continue to build more short-term scalability and optionality into our portfolio which can be brought into production as uranium market conditions improve.
"Indeed, this is the second major regulatory approval received by Energy Fuels in less than a week, as on July 16, 2015 we announced the receipt of the mine permit for our Sheep Mountain Project."
