Business
enCore Energy Provides Update on South Texas Alta Mesa ISR Uranium Central Processing Plant and Wellfield
DALLAS, Sept. 5, 2023 /CNW/ - enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the "Company" or "enCore") today provides an update from the South Texas Alta
About this update from Encore Energy Corp.
[{"type":"text","content":" DALLAS, Sept. 5, 2023 /CNW/ - enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the \"Company\" or \"enCore\") today provides an update from the South Texas Alta Mesa In-Situ Recovery (ISR) Uranium Central Processing Plant and Wellfield. Upgrades and refurbishments continue to advance as planned and on schedule for the 2024 resumption of uranium production1. The Company also announces further positive results from the wellfield delineation drill program and a continuing advancement of the newly discovered mineralized zone at the Alta Mesa wellfield. Site and production resumption work at the Rosita ISR Uranium Central Processing Plant and Wellfield (Rosita CPP) also remains on schedule for 2023 production. The Alta Mesa ISR Uranium Central Processing Plant (Alta Mesa CPP) is advancing towards a restart of production and presently completing minor scheduled renovations with equipment upgrades and refurbishments underway. A thorough equipment evaluation determined 90% of the piping and valves are operational with limited maintenance requirements. enCore is managing all refurbishments on site where feasible to proactively manage supply chain risks and costs. Longer lead time for non-critical supplies are ordered as part of supply chain management to ensure plant production start-up timelines are well managed. Staffing of key management positions at Alta Mesa started in earnest in Q1/2023 followed by the recruitment of an operations team experienced in South Texas ISR operations. Paul Goranson, enCore's Chief Executive Officer added \"The enCore operations team has made steady progress in restoring the Alta Mesa CPP towards a 2024 restart of production while also installing the Production Authorization Area (PAA-7) wellfield. enCore's management team has dealt with similar start-up challenges in the past, and we have been very realistic about anticipated cost increases and challenging workforce recruitment. We have been strategic in our efforts to recruit skilled management and operators with previous experience at the Alta Mesa CPP and Wellfield. Our strategy also included building a skilled team to successfully expand our activities across our portfolio of ISR uranium projects.\" There are currently eight (8) drill rigs in full operation at the Alta Mesa Wellfield, increased from six (6) rigs as wellfield delineation and comple...