BQSSF - EnCore Boss Energy Target Full Capacity By 2026 As Alta Mesa Uranium Plant Resumes Operations | Benzinga
Uranium producer enCore Energy (NASDAQ:EU) has begun production at its Alta Mesa mine in South Texas.
With this development, the company became the only U.S. producer with multiple operational uranium facilities.
“The enCore team has advanced the Alta Mesa project from acquisition in February 2023 to completion of upgrades, wellfield installation, and production in just fifteen months. This effort has brought our second producing asset online, fulfilling our commitment to commence production in the second quarter of 2024,” said CEO Paul Goranson.
The company, in a 70:30 joint venture with Australia's Boss Energy (OTCQX:BQSSF), expects the first shipment of yellowcake within the next 60 to 90 days. enCore plans to increase production progressively, aiming for full operational capacity by 2026.
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