Encore Energy Supports Key Texas Legislation
ENCORE ENERGY SUPPORTS KEY TEXAS
LEGISLATION
CORPUS CHRISTI, Texas
,
April 4, 2023
/CNW/ -
enCore Energy Corp.
("
enCore
" or the "
Company
")
(NYSE: EU) (TSXV: EU)) today announced that enCore's Chief Operating Officer,
Peter Luthiger
, testifies
today before the Texas State House Committee on Natural Resources regarding two bills of importance to
the uranium industry. Both bills are sponsored by Texas State Representative
Ryan Guillen
. Mr. Luthiger,
who is also Chairman of the Texas Mining and Reclamation Association (TMRA), testifies both on behalf of
enCore and TMRA's Uranium Mining Committee.
Bill HB 4119 would enhance the administrative procedure for permitting in-situ recovery (ISR) of uranium
by clarifying the public's ability to participate in one fulsome and transparent hearing. Bill HB 4120 would
allow the Texas Council on Environmental Quality (TCEQ) staff to inspect a proposed well site using aerial
or satellite imagery, or other appropriate sources, rather than conducting an on-site visit. The bills would
make the administrative process more efficient, reduce staff time and conserve groundwater that would
otherwise be consumed in reclamation activities during the permitting process.
enCore Energy's Chief Executive Officer,
Paul Goranson
, stated "Working together with our Texas State
Representatives and the Texas Mining and Reclamation Association is extremely important to enhance and
improve our regulatory environment. While
Texas
is one of the most favorable states for in-situ recovery of
uranium, we always seek ways to work together to ensure we maintain
Texas
as a leading jurisdiction. At
all times enCore seeks to work to ensure our company leads the way to provide the people of
Texas
and
the United States
with a reliable and environmentally-responsible source of material for nuclear energy,
fueling the future."
For more information about
Texas State
bills HB4119 and HB4120 please visit:
HB 4119
https://capitol.texas.gov/tlodocs/88R/billtext/html/HB04119I.htm
HB 4120
https://capitol.texas.gov/tlodocs/88R/billtext/html/HB04120I.htm
About the Texas Mining and Reclamation Association (TMRA)
The Texas Mining and Reclamation Association (TMRA) is a single voice for the
Texas
mining industry that
exhibits integrity, clarity and vision in its efforts to create balance between mineral production,
environmental protection, economic strength and public welfare; and to inform the public, regulators and
legislators of the value of mining to the
Texas
economy and lifestyle.
About enCore Energy Corp.
enCore Energy Corp. is committed to providing clean, reliable, and affordable domestic nuclear energy by
becoming the next
United States
uranium producer in 2023. enCore solely utilizes In-Situ Recovery (ISR)
for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore
Energy. In-Situ Recovery extracts uranium in a non-invasive process through the use of natural
groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium. Uranium
production is planned at enCore's licensed and past-producing South Texas Rosita Processing Plant in
2023, and at its licensed and past-producing South Texas Alta Mesa Processing Plant in 2024. Future
projects in enCore's production pipeline include the Dewey-Burdock project in
South Dakota
and the Gas
Hills project in
Wyoming
, along with significant uranium resource endowments in
New Mexico
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 diligently works to
realize value from other owned assets, including our proprietary uranium database that includes technical
information from many past producing companies, from our various non-core assets, and by leveraging our
ISR expertise in researching opportunities that support the use of this technology as applied to other
metals. enCore is also committed to working with local communities and indigenous governments to create
positive impact from corporate developments.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this news
release, including: any information relating to the Company being a leading uranium company; 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 legislation (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 companies' 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; that results of past mining operations at the Alta Mesa and Rosita sites are indicative of
the results of proposed mining activities at those sites; that a production decision will result in actual
production commencing and that such production will be economically viable over time; the ability of
enCore to implement its business strategies; 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; 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
companies' 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 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.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/encore-energy-supports-key-texas-legislation-301789487.html
SOURCE
enCore Energy Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/April2023/04/c3800.html
%SEDAR: 00029787E
For further information:
William M. Sheriff, Executive Chairman, 972-333-2214,
[email protected], www.encoreuranium.com
CO: enCore Energy Corp.
CNW 08:00e 04-APR-23