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enCore Energy Receives 20-Year License for Dewey Burdock Uranium Project
enCore Energy announced that the U.S. Nuclear Regulatory Commission, or NRC, has issued a 20-year renewal of the Source Materials License for the Dewey Burdock In-Situ Recovery Uranium Project in South Dakota. With the issuance of the NRC Source Material License, the Dewey Burdock Project has received all necessary federal permits. The company also received the Bureau of Land Management decision that the Dewey Burdock Uranium Project is authorized to commence construction of infrastructure on portions of the project's BLM-managed public lands within the larger Dewey Burdock Project. With all federal permits received, the Dewey Burdock Project remains subject to additional permitting by the State of South Dakota and the company has commenced permitting efforts before the Dewey Burdock Project can proceed to full operational status. enCore, through its subsidiary Powertech USA plans to recover uranium from the ore body and produce yellowcake using the ISR process. Yellowcake, the uranium oxide product of the ISR process, is used to produce fuel for commercially operated nuclear power reactors.
EnCore Energy Files $700M Mixed Securities Shelf
EnCore Energy files $700M mixed securities shelf
enCore Energy Approved to Begin Infrastructure for Dewey Burdock Uranium Project
enCore Energy announced that the Bureau of Land Management, or BLM, has issued a final decision and approved the Dewey Burdock Uranium Project, authorizing the company to commence infrastructure construction for the Dewey Burdock Uranium In-Situ Recovery - ISR - Project in Southwest South Dakota. With the execution of the final Environmental Assessment and Finding of No Significant Impact, the BLM authorizes enCore's wholly owned subsidiary Powertech to construct initial ancillary infrastructure on approximately 240 acres of BLM-managed public land within the larger 10,580-acre Dewey Burdock Project. The authorized work under the BLM EA includes construction of portions of the primary and secondary access roads, light-use roads, four groundwater monitoring wells, and overhead power lines. The Dewey Burdock Project, wholly owned by enCore, is an advanced-stage uranium project located in Custer and Fall River counties in South Dakota. The Project will recover uranium from subsurface sandstone ore bodies through ISR technology.
enCore Energy Confirms Uranium Mineralization in Initial Exploration Results
enCore Energy shared results from initial exploration drilling tests conducted on its Alta Mesa East property, which is immediately adjacent to the Alta Mesa wellfields and extraction operations. Exploratory drilling tests are designed to outline mineralization, which will guide the Company's efforts in permitting and expanding In-Situ Recovery operations into the AME from the existing Alta Mesa operations. These initial results have confirmed uranium mineralization extending more than 3,700 feet to the east from the nearest wellfield. William Sheriff, Executive Chairman, said, "Our initial drill results from Alta Mesa East have reconfirmed our expectations of encouraging uranium grades across all major mineralized sand units known to exist at Alta Mesa. Uranium extraction efforts from these sand units at the Alta Mesa wellfields have generated solid results, including current operations at wellfield 7. An aggressive drill program is underway with additional results pending." Exploration drilling at enCore's 5,900-acre AME Project is well underway and continues to advance with 6 drilling rigs in operation. The AME Project targets the continuation of productive roll fronts from Alta Mesa wellfields 1, 3, 3EXT, 4, 5B, and 7. Overall, exploration efforts are focused on mineralization within the designated B sands, Middle C sands, Lower C sands, and potentially the D sands in the northeast areas. Initial exploration drilling is typically conducted on 400 and 500 foot centers with closer offsets in mineralized areas. Seven widely spaced east-west fences of drilling are underway for overall regional characterization. Drilling is averaging a total depth of approximately 600 feet below the surface. Exploration drilling has discovered mineralization within the Middle C sands at a depth on average between 400 and 460 feet, and within Lower C sands between 480 and 520 feet below surface. The final results are reported for the initial 17 holes, which include six holes ranging from 0.351 to 2.297 Grade Thicknesses. GT of 0.3 is considered suitable for inclusion in a wellfield. Of the 17 holes reported, 10 were mineralized.
enCore Energy Appoints Richard Little as CEO
enCore Energy announced that the independent members of its Board of Directors have unanimously voted to appoint Richard Little as CEO, replacing Robert Willette, effective immediately. Little will also join the company's Board of Directors, effective immediately. enCore Founder and former Executive Chair, William Sheriff, has agreed to the Board's request for his immediate return as Executive Chair. Little previously served as the CEO of Fury Resources.
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