Strata Energy Completes Regulatory Milestone for Expansion

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Strata Energy, Inc. (Strata) is pleased to announce that the US Nuclear Regulatory Commission (NRC) has accepted Strata’s application to amend the Ross Project Source Materials License SUA-1601 to include the Kendrick Expansion Area (Kendrick).

In March of 2015, Strata submitted a request to the NRC to amend its existing license to include Kendrick within the Ross License Area (Ross). The NRC staff initiated their acceptance review of the expansion request in September 2015, and in January of this year notified Strata that the application is complete and accepted for detailed technical and environmental review.
Following acceptance of the application for review, on February 29, 2016 the NRC published a Federal Register Notice (FRN) announcing the opportunity to request a hearing and inviting the public to participate in the environmental scoping process. As part of this opportunity, the agency is accepting public comments regarding the project through April 22, 2016. Comments may be submitted by mail, email or online per the instructions in the FRN.

Kendrick is adjacent to Ross, and consists of approximately 7,874 acres – adding an estimated 29.6 million lbs U¬¬3O8 to the resources already licensed at Ross. Under the current life of mine plan, Kendrick is scheduled to come online during the 2019 calendar year.

As the application is an amendment to the existing license, Strata expects that the review timing will be shorter than for the original license given the exhaustive technical and environmental review process already conducted by the NRC at Ross. The NRC currently estimates the license amendment to be completed by September 2017.

Strata Chief Executive Officer Ralph Knode said he is pleased with the NRC’s acceptance. “The NRC’s acceptance of the Kendrick application reaffirms Strata’s level of diligence in submitting a high quality, comprehensive application. Kendrick is a significant part of future development plans for the Ross Project, and we are pleased that the agency is advancing detailed review of the application.”

For more information on the Ross Project and Strata Energy, please visit www.stratawyo.com or contact Strata’s public outreach coordinator, Melissa Butcher, at (307) 461-5688.