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enCore Energy says Alta Mesa uranium plant works ahead of schedule

Published: 08:50 18 May 2023 EDT

uranium chemical element

enCore Energy said upgrades and refurbishments at its Alta Mesa in situ recovery (ISR) uranium central processing plant in Texas are currently ahead of schedule and under budget.

The Alta Mesa plant is advancing towards a restart in uranium production in early 2024, the company noted.

A review of the plant’s equipment determined 90% of the piping and valves are operational with limited maintenance requirements and, of 40 pumps and motors evaluated, 30 are being rebuilt and refurbished on site to avoid supply chain issues.

enCore noted that longer lead time items which have been ordered are not critical for the initial start-up of the production plant.

Additionally, the company announced that it continues to receive positive results from its wellfield delineation drill program at a newly discovered mineralization zone at the Alta Mesa wellfield.

Six rigs are working at Alta Mesa with a 7th to be added shortly, enCore said, and 81 holes have been drilled to date within Production Authorization Area (PAA) 7.

The company reported that it encouraged unexpected significant grade in the Middle C unit, a productive sand essential for ISR, underlying PAA-7. Grade thickness multiplied by the thickness of the mineralization at or above the cut-off value ranged from 0.481 to 1.888 in four of the holes.

Further drilling along the trend will continue to delineate the mineralized sand and is likely to increase the overall mineralization within PAA-7, the company said.

enCore is committed to providing clean, reliable, and affordable domestic nuclear energy by becoming the next United States uranium producer in 2023.

Contact the author at emily.jarvie@proactiveinvestors.com

Follow her on Twitter @emilyjjarvie

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