enCore Energy Hosts Grand Opening of the Alta Mesa Uranium Plant with George W. Bush, the 43rd President of the United States

Rhea-AI Summary

enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), a uranium producer, hosted a grand opening celebration for its Alta Mesa In-Situ Recovery (ISR) Uranium Central Processing Plant (CPP) and Wellfield in South Texas on October 3rd, 2024. The private event, attended by 300 guests, featured a special conversation between George W. Bush, the 43rd President of the United States, and William M. Sheriff, Executive Chairman of enCore Energy.

The grand opening, co-hosted with joint venture partner Boss Energy (ASX: BOE|OTCQX: BQSSF), marked the restart of the Alta Mesa CPP, establishing enCore as the only uranium producer in the United States with multiple production facilities in operation. The event also honored Dr. Dennis Stover, Director of enCore Energy and one of the original developers of ISR technology, for his 50+ years of commitment to the international uranium industry.

Positive

• Restart of Alta Mesa Central Processing Plant
• Established as the only U.S. uranium producer with multiple operational facilities
• Joint venture partnership with Boss Energy

Negative

• None.

Insights

Energy Policy Expert

The grand opening of enCore Energy's Alta Mesa uranium plant, featuring former President George W. Bush, signifies a notable milestone in U.S. domestic uranium production. This event underscores the growing importance of nuclear energy in America's clean energy strategy. The restart of the Alta Mesa Central Processing Plant positions enCore as a key player in the domestic uranium market, potentially reducing U.S. reliance on foreign uranium sources. The presence of a former president at the event suggests high-level political support for nuclear energy, which could influence future energy policies and investment in the sector. However, investors should note that while this is a positive development for enCore, the immediate financial impact may be until production volumes and market conditions are better understood.

Nuclear Industry Analyst

enCore Energy's achievement of becoming the only U.S. uranium producer with multiple operational facilities is significant for the nuclear fuel supply chain. The Alta Mesa plant's In-Situ Recovery (ISR) technology, developed by industry veteran Dr. Dennis Stover, represents a more environmentally friendly and cost-effective uranium extraction method. This could give enCore a competitive edge in the market. The joint venture with Boss Energy also indicates potential for expanded production capacity and risk sharing. For investors, this development signals enCore's strong position in the uranium market, which could be advantageous as global demand for nuclear fuel increases. However, the uranium market is cyclical and subject to regulatory and public opinion shifts, so long-term success will depend on enCore's ability to efficiently operate these facilities and navigate market dynamics.

NASDAQ:EU
TSXV:EU
www.encoreuranium.com

DALLAS, Oct. 8, 2024 /PRNewswire/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), a uranium producer and America's Clean Energy Company™, announced today that the Company held a grand opening celebration at its Alta Mesa In-Situ Recovery ("ISR") Uranium Central Processing Plant ("CPP") and Wellfield on Thursday, October 3^rd in South Texas. The private event, attended by 300 guests, featured a special conversation between George W. Bush, the 43^rd President of the United States, and William M. Sheriff, Executive Chairman of enCore Energy. Guests had the opportunity to hear about President George W. Bush's time in the White House, the challenges facing our nation in the 21st century, as well as his current work at the George W. Bush Presidential Center.

The Grand Opening, co-hosted by joint venture partner Boss Energy Ltd (ASX: BOE|OTCQX: BQSSF) ("Boss"), celebrated the restart of the Alta Mesa CPP and established enCore as the only uranium producer in the United States with multiple production facilities in operation. In addition to the private conversation with the George W. Bush, the 43^rd President of the United States, celebrations included honoring Dr. Dennis Stover, PhD, Director of enCore Energy and one of the original developers of the ISR technology utilized by enCore and Boss, for his 50+ years of commitment to the international uranium industry.

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 United States uranium producer with multiple production facilities in operation. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of In-Situ Recovery ("ISR") uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy.

Following upon enCore's demonstrated production success in South Texas, future projects in the production pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The Company holds other assets including significant New Mexico resources, non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments.

www.encoreuranium.com

Cautionary Note Regarding Forward Looking Statements: 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information contained in this news release, including: any information relating to the Company being a leading uranium company, statements regarding future or potential production, and any other statements regarding future expectations, beliefs, goals or prospects; may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities laws and regulations (collectively, "forward-looking statements"). All statements in this news release that are not statements of historical fact (including statements containing the words "expects", "is expected", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken) should be considered forward-looking statements. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the company's ability to control or predict. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the ability of enCore to implement its business strategies; including achieving expected levels of production at Rosita and Alta Mesa in the planned time frame or at all; and other risks. 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 without limitation exploration and development risks, changes in commodity prices, access to skilled mining personnel, the results of exploration and development activities; production 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 annual information form filings. 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 various securities commissions which are available online at www.sec.gov and www.sedar.com. Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

View original content to download multimedia:https://www.prnewswire.com/news-releases/encore-energy-hosts-grand-opening-of-the-alta-mesa-uranium-plant-with-george-w-bush-the-43rd-president-of-the-united-states-302269580.html

SOURCE enCore Energy Corp.

FAQ

When did enCore Energy host the grand opening of the Alta Mesa Uranium Plant?

enCore Energy hosted the grand opening of the Alta Mesa Uranium Plant on October 3rd, 2024.

Who was the special guest at enCore Energy's (EU) Alta Mesa plant opening?

George W. Bush, the 43rd President of the United States, was the special guest at enCore Energy's Alta Mesa plant opening.

What significant milestone did enCore Energy (EU) achieve with the Alta Mesa plant restart?

With the Alta Mesa plant restart, enCore Energy became the only uranium producer in the United States with multiple production facilities in operation.

Who is enCore Energy's joint venture partner for the Alta Mesa project?

enCore Energy's joint venture partner for the Alta Mesa project is Boss Energy (ASX: BOE|OTCQX: BQSSF).