Encore Energy Completes Rosita Central Processing Plant Refurbishment
ENCORE ENERGY COMPLETES ROSITA CENTRAL
PROCESSING PLANT REFURBISHMENT
TSX.V: EU
OTCQB: ENCUF
www.encoreuranium.com
CORPUS CHRISTI, Texas
,
Nov. 1, 2022
/CNW/ -
enCore Energy Corp.
("
enCore
" or the "
Company
") (TSXV: EU) (OTCQB:
ENCUF) today announced the full completion of refurbishment of its 100% owned Rosita Central Uranium Processing Plant, a
licensed, past producing In-Situ Recovery (ISR) uranium plant located approximately 60 miles from
Corpus Christi, Texas
. The final
stage of the refurbishment included the delivery and installation of the remaining equipment that was delayed due to supply chain
interruptions. The completion marks a critical step toward enCore's scheduled production startup in 2023 and is essential to the
Company's goal of becoming the next producer of American uranium.
The plant will be undergoing wet commissioning during the remainder of 2022 to be ready for operations in 2023. The Rosita Plant is
designed to process uranium feed from multiple satellite operations, all located in the
South Texas
area, and is 1 of 11 licensed and
constructed uranium processing plants in
the United States
, 2 of which are owned by enCore Energy.
To learn more about the environmental, social, and low-cost advantages of uranium In-Situ recovery, visit
https://encoreuranium.com/industry-and-media/in-situ-recovery/
About enCore Energy Corp.
With approximately 90 million pounds of U
3
O
8
estimated in the measured and indicated categories and 9 million pounds of U
3
O
8
estimated in the inferred category
1
, enCore is the most diversified in-situ recovery uranium development company in
the United
States
. enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita
Processing Plant by 2023. The
South Dakota
-based
Dewey Burdock
project and the Wyoming Gas Hills project offer mid-term
production opportunities, with significant
New Mexico
uranium resource endowments providing long-term opportunities. The enCore
team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear
fuel cycle. enCore is committed to engaging and working with local communities and indigenous governments to create positive
impact from corporate developments.
1
Mineral resource estimates are based on technical reports prepared in accordance with NI43-101 and available on SEDAR as well as company websites at
www.encoreuranium.com
.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Certain information in this news release constitutes
forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by
terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar
expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to the intended use
of the net proceeds of the Offering and the completion of any capital project or property acquisitions. 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; inability to access additional capital; the ability of enCore to
implement its business strategies; and other risks. Readers are cautioned not to place undue reliance on forward-looking statements
as there can be no assurance that the plans, intentions or expectations upon which they are placed 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.
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SOURCE
enCore Energy Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/November2022/01/c4937.html
%SEDAR: 00029787E
For further information:
William M. Sheriff, Executive Chairman, 972-333-2214, [email protected],
www.encoreuranium.com
CO: enCore Energy Corp.
CNW 07:00e 01-NOV-22