enCore Energy Continues Wellfield Expansion at the Alta Mesa Uranium Project; Announces Senior Vice President of Operations
enCore Energy reports continued progress in wellfield operations at the Alta Mesa Uranium Central Processing Plant. The company has successfully installed 32 wells (15 extractors and 17 injectors) with uranium-bearing solution scheduled for CPP delivery by April 23, 2025, achieving their fastest installation rate of under two days per well.
Key developments include the implementation of PathCAD™ wellfield simulation software for improved management and optimization, and the strategic renaming of Wellfield 8 to Wellfield 3-Ext due to new delineation drilling findings. This change is expected to reduce permitting timelines and installation costs while enabling uranium recovery from the previously operated Wellfield 3.
The company also announced the promotion of Dain McCoig to Senior Vice President of Operations, recognizing his important role in successfully restarting both Rosita and Alta Mesa Central Processing Plants since joining in June 2023.
enCore Energy segnala progressi continui nelle operazioni del campo pozzi presso la Alta Mesa Uranium Central Processing Plant. L'azienda ha installato con successo 32 pozzi (15 estrattori e 17 iniettori) con la soluzione contenente uranio prevista per la consegna al CPP entro il 23 aprile 2025, raggiungendo il loro ritmo di installazione più rapido, inferiore a due giorni per pozzo.
I principali sviluppi includono l'implementazione del software di simulazione del campo pozzi PathCAD™ per una gestione e ottimizzazione migliorate, e la rinominazione strategica del Campo Pozzi 8 in Campo Pozzi 3-Ext a seguito di nuovi risultati di perforazione di delimitazione. Questo cambiamento dovrebbe ridurre i tempi di autorizzazione e i costi di installazione, permettendo al contempo il recupero di uranio dal precedente Campo Pozzi 3.
L'azienda ha inoltre annunciato la promozione di Dain McCoig a Senior Vice President of Operations, riconoscendo il suo ruolo fondamentale nel riavvio con successo degli impianti di lavorazione Rosita e Alta Mesa Central da quando è entrato a far parte dell’azienda nel giugno 2023.
enCore Energy informa de un progreso continuo en las operaciones del campo de pozos en la Planta Central de Procesamiento de Uranio Alta Mesa. La compañía ha instalado con éxito 32 pozos (15 extractores y 17 inyectores) con solución portadora de uranio programada para entrega al CPP antes del 23 de abril de 2025, logrando su tasa de instalación más rápida, de menos de dos días por pozo.
Los desarrollos clave incluyen la implementación del software de simulación de campo de pozos PathCAD™ para una mejor gestión y optimización, y el cambio estratégico de nombre del Campo de Pozos 8 a Campo de Pozos 3-Ext debido a nuevos hallazgos de perforación de delimitación. Se espera que este cambio reduzca los tiempos de permisos y los costos de instalación, al tiempo que permite la recuperación de uranio del anteriormente operado Campo de Pozos 3.
La compañía también anunció el ascenso de Dain McCoig a Vicepresidente Senior de Operaciones, reconociendo su papel importante en el exitoso reinicio de las plantas de procesamiento Rosita y Alta Mesa Central desde que se unió en junio de 2023.
enCore Energy는 Alta Mesa Uranium Central Processing Plant에서 우물장 운영이 지속적으로 진전되고 있음을 보고했습니다. 회사는 32개의 우물(15개의 추출기 및 17개의 주입기)을 성공적으로 설치했으며, 우라늄 함유 용액은 2025년 4월 23일까지 CPP로 공급될 예정이며, 우물당 설치 기간을 2일 미만으로 단축하는 가장 빠른 설치 속도를 달성했습니다.
주요 발전 사항으로는 관리 및 최적화를 개선하기 위한 PathCAD™ 우물장 시뮬레이션 소프트웨어의 도입과 새로운 경계 시추 결과에 따라 우물장 8의 명칭을 전략적으로 우물장 3-Ext로 변경한 점이 포함됩니다. 이 변경은 허가 기간과 설치 비용을 줄이는 동시에 이전에 운영되었던 우물장 3에서 우라늄 회수를 가능하게 할 것으로 기대됩니다.
또한 회사는 2023년 6월 입사 이후 Rosita 및 Alta Mesa Central Processing Plants의 성공적인 재가동에 중요한 역할을 한 Dain McCoig를 운영 수석 부사장으로 승진시켰다고 발표했습니다.
enCore Energy rapporte des progrès continus dans les opérations du champ de puits à la centrale de traitement d'uranium Alta Mesa. La société a installé avec succès 32 puits (15 extracteurs et 17 injecteurs) avec une solution contenant de l'uranium prévue pour livraison au CPP d'ici le 23 avril 2025, atteignant ainsi leur rythme d'installation le plus rapide, à moins de deux jours par puits.
Les développements clés incluent la mise en œuvre du logiciel de simulation de champ de puits PathCAD™ pour une meilleure gestion et optimisation, ainsi que le renommage stratégique du champ de puits 8 en champ de puits 3-Ext suite à de nouvelles découvertes de forage de délimitation. Ce changement devrait réduire les délais d'autorisation et les coûts d'installation tout en permettant la récupération d'uranium du champ de puits 3 précédemment exploité.
La société a également annoncé la promotion de Dain McCoig au poste de Senior Vice President of Operations, reconnaissant son rôle important dans le redémarrage réussi des usines de traitement Rosita et Alta Mesa Central depuis son arrivée en juin 2023.
enCore Energy berichtet von kontinuierlichen Fortschritten bei den Bohrfeldoperationen in der Alta Mesa Uranium Central Processing Plant. Das Unternehmen hat erfolgreich 32 Bohrlöcher (15 Förder- und 17 Injektionsbrunnen) installiert, wobei die uranhaltige Lösung bis zum 23. April 2025 zur CPP-Lieferung vorgesehen ist, und erreichte damit die schnellste Installationsrate von unter zwei Tagen pro Brunnen.
Wesentliche Entwicklungen umfassen die Implementierung der PathCAD™ Bohrfeld-Simulationssoftware zur verbesserten Verwaltung und Optimierung sowie die strategische Umbenennung von Bohrfeld 8 in Bohrfeld 3-Ext aufgrund neuer Abgrenzungsbohrergebnisse. Diese Änderung soll Genehmigungszeiten und Installationskosten reduzieren und gleichzeitig die Uranrückgewinnung aus dem zuvor betriebenen Bohrfeld 3 ermöglichen.
Das Unternehmen gab außerdem die Beförderung von Dain McCoig zum Senior Vice President of Operations bekannt und würdigte seine wichtige Rolle beim erfolgreichen Neustart der Rosita- und Alta Mesa Central Processing Plants seit seinem Eintritt im Juni 2023.
- Achieved fastest well installation rate in company history at Alta Mesa (under 2 days per well)
- Implementation of PathCAD™ software expected to improve operational efficiency
- Strategic Wellfield 3-Ext redesignation to reduce costs and permitting time
- Additional uranium recovery potential from previously operated Wellfield 3
- None.
Insights
enCore Energy achieves record wellfield installation rates and implements cost-saving operational improvements that could enhance uranium extraction efficiency at Alta Mesa.
enCore Energy's latest operational update reveals notable efficiency gains at their Alta Mesa Uranium Project. The company has achieved an unprecedented well installation rate of under two days per well – installing 32 operational wells (15 extractors and 17 injectors) with uranium-bearing solution scheduled for processing by April 23. This installation velocity represents the fastest pace in the company's history at Alta Mesa, potentially accelerating production timelines.
The implementation of PathCAD™ wellfield simulation software is particularly significant for in-situ recovery operations. This technology enables sophisticated modeling of wellfield flow dynamics, which typically results in optimized well placement, improved sweep efficiency, and ultimately enhanced uranium recovery rates. For uranium ISR operations, wellfield design efficiency is often the critical determinant of project economics.
A strategic revision in wellfield planning – redesignating "Wellfield 8" as "Wellfield 3-Ext" – demonstrates adaptive resource management. By recognizing the geological continuity with a previously developed zone, enCore can potentially reduce permitting timelines and lower installation costs while capturing uranium resources that would otherwise remain stranded in the previously operated wellfield. This approach leverages existing infrastructure to access additional resources, typically improving project economics.
The ongoing wellfield optimization efforts aim to extend productive wellfield life and enhance total uranium capture – critical factors for in-situ recovery economics. While these operational improvements suggest enhanced production capabilities, the announcement lacks quantification of expected production impacts or financial benefits, making their ultimate value to shareholders difficult to assess precisely at this stage.
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The Alta Mesa CPP and Wellfield expansion highlights include:
- Wellfield development continues to show positive results with a total of 32 wells, 15 extractors and 17 injectors installed and operational with uranium-bearing solution scheduled to be piped to the Alta Mesa CPP by April 23, 2025. This current rate of under two days per installed well is the best in the Company's history at the the Alta Mesa Project;
- Installation of PathCAD™ wellfield simulation and design software providing enCore the ability to model wellfield flow for current and future wellfields. PathCAD™ software is proven to provide for improved wellfield management, efficient wellfield planning, operations and optimization of uranium extraction;
- Wellfield 8 ("PAA-8"), planned for uranium extraction following the currently operational Wellfield 7 is now renamed Wellfield 3-Ext ("PAA-3 Extension"). The original plan to develop Wellfield 8 is altered due to new delineation drilling which indicates the uranium mineralization occurs within the same ore horizon and partially within the boundary of the existing monitor well ring of the past-producing Wellfield 3 ("PAA-3"). Modelling Wellfield 3-Ext as an extension of Wellfield 3 is expected to reduce permitting timelines and wellfield installation costs while extending the existing monitor well ring. This approach also provides the ability to capture uranium stranded within the previously operated Wellfield 3;
- Alta Mesa wellfield optimization training and updated procedures are on-going. The enhanced procedures are positively impacting the productive life of existing wellfields and is expected to enhance future wellfield operations and total uranium capture.
William M. Sheriff, Executive Chairman, stated: "Since joining enCore in June 2023 as the Director of Technical Services, Dain has played a critical role in the successful restart of both the Rosita and Alta Mesa Central Processing Plants. On behalf of the Board of Directors, I want to congratulate him on a promotion that truly reflects his leadership, technical expertise and industry knowledge. In conjunction with Directors Dr. Dennis Stover and Mark Pelizza, Mr. McCoig and the site management have accelerated wellfield installation and made alterations to wellfield design to maximize uranium extraction while reducing expected wellfield development costs."
About the Alta Mesa Uranium CPP and Wellfield ("Alta Mesa Uranium Project")
The Alta Mesa Uranium Project hosts a fully licensed and constructed ISR Central Processing Plant and operational wellfield located on 200,000+ acres of private land and mineral rights in and regulated by the state of Texas. Total operating capacity at the Alta Mesa CPP is 1.5 million lbs. uranium per year with additional drying capacity of 0.5 million lbs. The Alta Mesa Project operates under a 70/30 joint venture with Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) that is managed by the Company.
The Alta Mesa CPP historically produced nearly 5 million lbs. of uranium between 2005 and 2013 when production was curtailed as a result of low prices. The Alta Mesa Project utilizes well known ISR technology to extract uranium in a non-invasive process using natural groundwater and oxygen. Currently, oxygenated water is being circulated in the wellfield through injection or extraction wells plumbed directly into the primary pipelines feeding the Alta Mesa CPP. Expansion of the wellfield will continue with production to steadily increase from the wellfield as expansion continues through 2025 and beyond.
Dain McCoig Senior Vice President, Operations
Mr. McCoig is a seasoned engineering and operations leader with 20 years of experience in mineral extraction, mineral processing, and facility development. As Director of Operations at enCore, he supported uranium recovery operations across engineering, geology, and regulatory functions driving performance, cost-efficiency, and technical excellence.
Previously, Mr. McCoig served as Vice President of Operations at Alabama Graphite Products, where he led the engineering, construction, and team development for a
A licensed Professional Engineer in
John M. Seeley, Ph.D., P.G., C.P.G., enCore's Manager of Geology and Exploration, and a Qualified Person under NI 43-101 and Regulation S-K subpart 1300 of the Exchange Act of 1933 as amended, has reviewed and approved the technical disclosure in this news release on behalf of the Company.
With this transition, Peter Luthiger is no longer with the Company; we thank him for his contributions to enCore and wish him success in his future endeavors.
About enCore Energy Corp.
enCore Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only
Following upon enCore's demonstrated success in
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This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by such words as "will", "expects", "plans", "believes", "intends", "estimates", "projects", "continue", "potential", and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", or "will" be taken.
Forward-looking statements and information that are not statements of historical fact include, but are not limited to, any statements regarding future expectations, beliefs, goals or prospects , the anticipated schedule of wellfield development and uranium-bearing solution piping and expectations for reduced permitting timelines at the renamed PAA-3 Extension All such forward-looking statements are not guarantees of future results and forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the Company's ability to control or predict, that could cause actual results to differ materially from those expressed in any forward-looking statement. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including, exploration and development risks, changes in commodity prices, access to skilled personnel, the results of exploration and development activities; extraction risks; uninsured risks; regulatory risks; defects in title; the availability of materials and equipment, timeliness of government approvals and unanticipated environmental impacts on operations; litigation risks; risks posed by the economic and political environments in which the Company operates and intends to operate; increased competition; assumptions regarding market trends and the expected demand and desires for the Company's products and proposed products; reliance on industry equipment manufacturers, suppliers and others; the failure to adequately protect intellectual property; the failure to adequately manage future growth; adverse market conditions, the failure to satisfy ongoing regulatory requirements and factors relating to forward looking statements listed above which include risks as disclosed in the Company's filings on SEDAR+ and with the SEC, including its Annual Report on Form 10-K, management discussion and analysis and annual information form. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the respective securities commissions which are available online at www.sec.gov and www.sedarplus.ca.
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SOURCE enCore Energy Corp.
FAQ
What is the current wellfield expansion progress at enCore Energy's Alta Mesa Project?
How will the Wellfield 3-Ext (formerly Wellfield 8) redesignation benefit enCore Energy (EU)?
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