The license is one of the three major agency authorizations needed to construct and operate the Dewey-Burdock project.

Powertech president and chief executive officer Richard Clement said that the NRC’s final license marks the culmination of eight years of planning and evaluation and confirms the company’s plan for in situ recovery mining at Dewey-Burdock is safe and will have minimal environmental impact.

"The robust nature of NRC’s licensing process also greatly facilitates finalization of Powertech’s other Dewey-Burdock permits," Clement added.

Powertech Dewey-Burdock project manager Mark Hollenbeck said, "This license is a significant milestone for the project – one made possible by not only Powertech’s staff, contractors and consultants, but also local residents who have provided their vital support and perseverance throughout the NRC’s licensing action."

The Dewey-Burdock project is located in Custer and Fall River Counties about thirteen miles northwest of Edgemont.

Draft permits for the Dewey-Burdock project is expected to be issued by the US Environmental Protection Agency this month.

The company is likely to begin facility construction in 2015.