![]() The acquisition will further cement enCore Energy's position as a dominant ISR uranium developer and future producer in the US.Control of a large private land package totaling 195,501 contiguous acres, including 4,575- acres currently under a lease and mining permit and 190,926-acres under a lease-option and exploration/testing permit.It can reach commercial production levels with limited required capital within 10 months of a production decision. Alta Mesa is currently on standby and ready to resume production, as market conditions warrant.There are only 11 licensed production facilities in the United States enCore' mid- and long-term production potential is further fueled by a pipeline of projects with Dewey-Burdock in South Dakota, Gas Hills in Wyoming and additional projects in New Mexico. ![]() Alta Mesa will diversify enCore's South Texas operations into a 3 rd fully licensed production facility, along with Rosita and Kingsville Dome, all located in the business-friendly state of Texas.Abundant exploration upside exists within the Alta Mesa land package around the existing defined resource areas, which enCore will prioritize. Alta Mesa is host to measured and indicated resources of 3.41 million lbs U 3O 8 (1.57 million tons at an average grade of 0.109% U 3O 8) plus inferred resources of 16.79 million lbs U 3O 8 (7.0 million tons at an average grade of 0.120% U 3O 8).Between Alta Mesa, Rosita and Kingsville Dome, all fully licensed for production, enCore's existing processing capacity will reach 3.6 million pounds of uranium per year. The Transaction will position enCore as a leading US-focused ISR uranium company with the proven management expertise required to advance multiple production opportunities within its portfolio.Īlta Mesa includes a fully-licensed and constructed ISR processing facility that has an operating capacity of 1.5 million pounds of uranium per year. (the " Transaction") for total consideration of US$120 million (the " Consideration"). (TSXV:EU, OTCQB:ENCUF) (" enCore") is pleased to announce that it has entered into a definitive agreement (the " Agreement") to acquire the Alta Mesa In-Situ Recovery (" ISR") uranium project (" Alta Mesa") from Energy Fuels Inc. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATESĬorpus Christi, Texas - NovemenCore Energy Corp. URANIUM PROJECT IN SOUTH TEXAS AND BOUGHT DEAL FINANCING ![]() ENCORE ANNOUNCES AGREEMENT TO ACQUIRE ALTA MESA
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