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- enCore Energy Starts Production at Alta Mesa Uranium Plant
enCore Energy Starts Production at Alta Mesa Uranium Plant
Slice of Energy Team
June 16, 2024
Key Highlights:
enCore Energy starts production at Alta Mesa Uranium Central Processing Plant.
First uranium shipment expected within 60-90 days.
Second wellfield (PAA-8) to achieve full capacity by 2026.
Production capacity: 1.5 million lbs. U3O8 annually.
ISR technology ensures non-invasive uranium extraction.
Source (PR Newswire)
Notable Quote:
"The enCore team has advanced the Alta Mesa Project from acquisition in February 2023, to completion of upgrades, wellfield installation and production in fifteen months' time. Our strategy at Alta Mesa is to initiate phased ramp-up from the wellfield located in Production Authorization Area 7 ("PAA-7"), increasing production progressively and consistently as additional injection and recovery wells are systematically tied into the production lines."
Our Take:
The restart of production at the Alta Mesa Project positions enCore Energy Corp. as a significant player in the U.S. uranium market. The successful reactivation and the anticipated first shipment of yellowcake in 60-90 days underscore the company's strategic execution and operational efficiency. With the Alta Mesa Project operating at an annual capacity of 1.5 million lbs. of U3O8 and leveraging ISR technology for non-invasive extraction, enCore Energy is set to enhance its market presence. The planned expansion to Production Authorization Area 8 further highlights the company's commitment to long-term growth and sustainability in uranium production.