enCore Energy Announces High Uranium Extraction Rates in South Texas; Commends Texas for Energizing its Nuclear Energy Strategy with Passage of Three Key Bills

Core Viewpoint - enCore Energy Corp. has achieved record uranium extraction rates at the Alta Mesa In-Situ Recovery (ISR) Uranium Central Processing Plant since operations began in June 2024, driven by management changes and operational efficiencies [1][2][3] Group 1: Operational Highlights - The Alta Mesa Project's Wellfield 7 has expanded with the addition of 28 wells, including 13 extraction wells and 15 injection wells, as part of a strategy to ramp up wellfield expansion every 4 to 5 weeks [2] - The company operates 24 drill rigs across its South Texas operations, indicating a consistent acceleration in wellfield development [2][5] - Recent uranium capture rates exceeded 3,000 pounds per day, peaking at 3,705 pounds on June 20, 2025, with an average of 2,410 pounds per day for the first 22 days of June 2025 [5] Group 2: Legislative Support - The company commended the Texas Legislature for passing legislation that streamlines the uranium recovery permitting process, which is expected to promote nuclear energy in Texas [1][3] Group 3: Project Capacity and Technology - The Alta Mesa CPP has a total operating capacity of 1.5 million pounds of uranium per year, with an additional drying capacity of 0.5 million pounds [4] - The project utilizes ISR technology, which is a non-invasive method for uranium extraction using natural groundwater and oxygen [6] Group 4: Future Projects - enCore Energy is planning future projects, including the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, as part of its project pipeline [11]