Alta Mesa’s operations are located on private land, with 100% of minerals privately owned, and in a supportive jurisdiction with primary regulatory authority residing with the State of Texas.The acquisition will further cement enCore’s position as a dominant ISR uranium company and near-term future producer in the US.Control of a large private land package totalling 203 292 contiguous acres, including 4575-acres currently under a lease and mining permit and 198 717 acres under a lease-option and exploration/testing permit.The facility can reach commercial production levels with limited required capital within an estimated 10 months of a production decision. Alta Mesa is currently on standby and ready to resume production.There are only 11 licensed production facilities in the United States. enCore’s mid- and long-term production potential is further fuelled by a pipeline of projects with Dewey-Burdock in South Dakota, Gas Hills in Wyoming and additional projects in New Mexico. Alta Mesa will diversify enCore’s South Texas operations into a 3 rd fully licensed production facility, along with Rosita and Kingsville Dome, all located in the business-friendly state of Texas.Abundant exploration upside exists within the Alta Mesa land package around the existing defined resource areas, which enCore will prioritise. U 3O 8 (7.0 million t at an average grade of 0.120% U 3O 8). U3O8 (1.57 million t at an average grade of 0.109% U 3O 8) and an inferred resource of 16.79 million lb. Alta Mesa is host to a measured and indicated resource of 3.41 million lb.Between Alta Mesa, Rosita and Kingsville Dome, all fully licensed for production, enCore’s ISR processing facilities have a combined potential processing capacity of 3.6 million lb/yr of uranium. Highlights:Īlta Mesa includes a fully-licensed and constructed ISR processing facility that has an operating capacity of 1.5 million lb/yr of uranium. The transaction provides enCore with three licensed uranium in-situ recovery (ISR) processing plants and positions enCore as a leading US-focused ISR uranium company with the proven management expertise required to advance multiple production opportunities within its portfolio. has announced the closing of the acquisition of the Alta Mesa In-Situ Recovery uranium project from Energy Fuels Inc.
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