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enCore Energy ($EU) Announces Plans to Resume Uranium Production at Alta Mesa Plant in 2024

15 March 2023

enCore Energy (NYSEAMEX: EU) has announced plans to resume uranium production at its Alta Mesa plant in 2024.

The plant is a fully licensed and constructed ISR uranium project and central processing facility located on over 203,000 acres of private land in southern Texas.

The Alta Mesa uranium plant is the company's third fully licensed production facility, along with its Rosita and Kingsville Dome facilities. All three operations are located in the state of Texas. 

The company says that there are only 11 licensed and constructed uranium production facilities in the United States, and that this decision will help to meet the growing demand for domestically sourced uranium.

Paul Goranson, enCore Chief Executive Officer, stated: “It is an exciting time at enCore. Our 2023 startup of production at Rosita and now, the decision to proceed at Alta Mesa, will bring a reliable domestic low carbon energy source to South Texas and the United States when it is most needed."

enCore Energy is committed to providing clean, reliable, and affordable domestic nuclear energy by becoming the next United States uranium producer in 2023. The company is focused on advancing In-Situ Recovery uranium operations, which it says will result in a lower cost and environmentally friendly method of uranium extraction.

Shares of enCore Energy trade on the NYSEAMEX under the ticker symbol EU.

 

 

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