- Fission Uranium submitted the draft environmental impact statement for its Patterson Lake South project to the Saskatchewan’s Environment Ministry
- The environmental impact statement is the most important phase of the provincial permitting process and describes the environmental and socio-economic impacts of the proposed high-grade uranium mine
- The draft statement focuses on interactions between the project and the environment, and includes more than a decade of environmental data collection and analysis
- Fission Uranium Corp. stock last traded at C$1.01 per share
Fission Uranium (TSX:FCU) submitted the draft environmental impact statement for its Patterson Lake South (PLS) project to the Saskatchewan’s Environment Ministry.
The environmental impact statement is the most important phase of the provincial permitting process and describes the environmental and socio-economic impacts of the proposed high-grade uranium mine and mill facility at PLS, located in Saskatchewan’s Athabasca Basin region. The draft statement focuses on interactions between the project and the environment and includes more than a decade of environmental data collection and analysis.
The Kelowna, B.C.-based resource company initiated the environmental assessment phase in 2021 and the draft statement focuses on interactions between the project and the environment and includes more than 10 years of environmental data collection and analysis. The company is not required to undertake a federal impact assessment.
In 2023, Fission conducted an environmental impact assessment per Environment Ministry guidelines, which included preparation of the environmental impact statement by Fission’s team.
“The submission of our draft environmental impact statement to the government of Saskatchewan is a tremendous milestone for Fission and marks the completion of our multi-year environmental assessment phase at the PLS high-grade uranium project,” Ross McElroy, president and CEO of Fission, said in a news release. “It is a crucial component of the permitting process and proves that PLS can be developed, operated and decommissioned in a manner that provides sustainable environmental protection, maintains human health, and maximizes local community economic benefits.”
After the submission, Saskatchewan’s Ministry of Environment review process will begin. This process is expected to conclude later this year.
Fission Uranium Corp. is a Canadian uranium project developer and 100 per cent owner of the 310-square-kilometre Patterson Lake South uranium property – a proposed high-grade uranium mine and mill in the Athabasca Basin.
Fission Uranium Corp. stock last traded at C$1.01 per share and is up 21.69 per cent since last year.
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