Peninsula Energy Limited (Peninsula) is pleased to announce that the United States Nuclear Regulatory Commission (NRC) has issued the final Supplemental Environmental Impact Statement (SEIS) to Peninsula’s wholly-owned subsidiary Strata Energy Inc. for the Lance Central Processing Plant (CPP) and Ross Permit Area (RPA) in Wyoming, USA (Lance Projects).
With the SEIS now issued, Peninsula expects the Source and Byproduct Material License (SML) to be granted on March 31, 2014. This would conclude the licensing process for the Lance Projects and Peninsula will be in a position to complete full construction and commence production at the Lance Projects.
The SEIS is a comprehensive review of the project-specific environmental aspects and mitigation measures of the CPP and RPA as required under the National Environmental Policy Act (NEPA). It analyses the environmental effects of the proposed action at the RPA, the environmental impacts of alternatives to the proposed action, and mitigation measures to either reduce or avoid adverse effects of the proposed action. Impacts assessed include land use; historical and cultural resources; visual and scenic resources; climatology, meteorology and air quality; geology, minerals and soils; water resources; ecological resources; socioeconomics; environmental justice; noise; traffic and transportation; public and occupational health and safety; and waste management. Issuance of the final SEIS formalises NRC’s determination that no major environmental impacts preclude the completion of licensing.
Peninsula Executive Chairman Gus Simpson stated, “We are very pleased to receive the SEIS. With the grant of the SML, expected shortly, Peninsula will have concluded the licensing process and have a clear path to production.”