enCore Energy Corp. (NASDAQ:EU|TSXV:EU) (the “Company” or “enCore”), a uranium producer and America’s Clean Energy Company™, today provided an update on the production ramp up at its South Texas Alta Mesa In-Situ Recovery (“ISR”) Uranium Central Processing Plant (“Alta Mesa CPP”) and Wellfield.
The Company has achieved an important milestone in the expansion of production and is now nearing flow capacity at the first of Alta Mesa CPP’s three ion exchange circuits (“IX circuits”).
The three IX circuits can provide dissolved uranium in groundwater to the Alta Mesa CPP from multiple wellfields simultaneously.
Significant operational highlights include:
- The three IX circuits each have 2,500 gallons per minute (“gpm”) capacity. The first IX circuit was commissioned in June 2024, with the second IX circuit planned to commence operation in Q1/25 and the third IX circuit planned to be online by year end of 2025. Ion exchange is a filtration system which removes liquid uranium from groundwater before it is dried and processed into U3O8 (“yellowcake” or “uranium”) at the CPP;
- The Alta Mesa CPP’s three IX circuits have a total flow rate of 7,500 gpm, equaling an annual recovery capacity of 1.5 million pounds of yellowcake when operating at full capacity;
- Since the June 2024 start-up of the Alta Mesa CPP, enCore has expanded Wellfield 7 from 27 injection and 34 recovery wells to 46 injection and 52 recovery wells while bringing the flow rate up to 2,100 gpm. Wellfield 7 is projected to provide the initial feed to all three IX circuits;
- The next ramp up currently underway, with an estimated completion date of November 2024, will further expand the number of injection and production wells at Wellfield 7 and is expected to increase flow rates to the capacity of the first IX circuit.
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