EnCore energy gains on decision to seek state permits for South Dakota project

Shares of uranium producer enCore Energy EU.O rise 3.6% to $2.60 premarket

Co says it will start process to seek state permits for its Dewey Burdock project in South Dakota this year, ahead of earlier schedule

Announcement comes after appeals board of U.S. Environmental Protection Agency denied in full review petition by indigenous Oglala Sioux Tribe and environmental groups that had challenged federal permits for project

Ruling clears way for Dewey Burdock to advance through state permitting in 2025 and finalizes all major federal authorizations, including nuclear materials license

As of last close, EU shares down 26.1% YTD