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enCore Energy Announces License Renewal for the South Texas ISR Uranium Central Processing Plants (CPP)
DALLAS, TX, Nov. 6, 2023 /CNW/ - enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the "Company" or "enCore") today announced the approval of the renewal of t
About this update from Encore Energy Corp.
[{"type":"text","content":" DALLAS, TX, Nov. 6, 2023 /CNW/ - enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the \"Company\" or \"enCore\") today announced the approval of the renewal of the Radioactive Materials License (\"License\") for enCore's combined South Texas In-Situ Recovery (\"ISR\") Uranium Central Processing Plants (\"CPP\") at its Rosita, Kingsville Dome, and Vasquez uranium projects. This renewed License was approved by the Executive Director of the Texas Commission on Environmental Quality (TCEQ) following an application submitted in April 2022 and amended in July 2022 to allow for the addition of two remote ion exchange (RIX) units at the Rosita CPP and Wellfield. With the renewal, enCore also expects to be resuming uranium production at its Rosita CPP before the end of November 2023, as previously announced (Oct 4, 2023). Initial production will come from the Rosita Extension, Production Area 5, using a newly constructed remote ion exchange unit located at the Wellfield. The uranium bearing ion exchange (IX) resin will be processed into yellowcake uranium produced at the Rosita CPP marking the first new uranium production in Texas in over a decade. Paul Goranson, enCore's Chief Executive Officer, stated: \"We are pleased at the expeditious review by TCEQ, given the complexity of the application including updating the license, following a multi-decade timely renewal period. I also want to congratulate our Chief Operating Officer and his team for achieving a milestone essential to expanding satellite feed from our newly acquired projects to the Rosita CPP.\" The 10-year License renewal updates the existing license to conform to new regulatory requirements and current conditions, and it provides enCore with the ability to incorporate additional remote IX operations, such as our 100% owned Upper Spring Creek and Butler Ranch Projects as amendments to the renewed License. The renewal followed TCEQ's standard license renewal review process with enCore working with TCEQ staff throughout the review phase to ensure that a thorough and expeditious technical review occurred. This approach facilitated improvements to several existing license conditions that will provide additional clarity and efficiency to both enCore and TCEQ. To view the South Texas project maps please visit: bit.ly/3fV9fTg. Rosita ISR Uranium Central Process...