enCore Energy celebrated the restart of the Alta Mesa Plant and Wellfield in south Texas on October 3rd, featuring an exclusive conversation with George W. Bush, 43rd President of the United States. 🇺🇸
enCore Energy’s In-Situ Recovery Uranium Processing Plants play a significant
🌎♻️Did you know? Uranium, as a fuel for nuclear energy, has an impressively low carbon footprint!
⚛️ Compared to traditional fossil fuels, it emits minimal greenhouse gases, contributing to a cleaner, greener future.
Let's harness the power of uranium for sustainable energy!
🛢️It’s an exciting day!! This is our first load, a full one, of yellowcake barrels leaving Rosita as we start fulfilling our contracts to the US utilities. 🔋
✅Each barrel varies in weight from 800 to 900 pounds. Proud to be fueling carbon-free, domestic nuclear energy!
URNM is soon to become the Sprott Uranium Miners ETF. As part of the Sprott marketing/fund management empire, you can expect its assets under management to rise fast as Sprott pulls new money into the
#uranium
sector. $EU
We have started uranium production in the State of Texas! 🇺🇸
Nuclear energy, fueled by uranium, provides a safe, reliable, and cost-effective source of American energy and reduces our reliance on unreliable foreign uranium producers such as Russia, Kazakhstan, and China. Texas
Today the market seems to think that Russian block sales of uranium won't be sanctioned so sell uranium companies. Two things in response: much higher
#uranium
prices do not need sanctions. Supply-demand imbalance guarantees higher prices, maybe a little slower than sanctions.
Watch our CEO Paul Goranson at the Rosita Central Processing Plant (CPP) and Wellfield, where we just started producing uranium! 🔋
Here, he explains how beautifully boring the process is at the Ion Exchange Plant, which is the key part of the operation where we capture the
While we have no idea if the unrest in Kazakhstan impacts immediate
#uranium
supply, we note that the entire government has been sacked and the workforce for the oil and gas company walked off the job yesterday en masse. $EU
To summarize,
#uranium
today's the same price as 11 yrs ago when market cap per lb of resources for uranium producers/near producers was 20% higher. Today we have a carbon revolution, massive U3O8 production deficits, soaring electricity needs and trade sanctions. Boom. $EU
"When you think about these companies producing a critical mineral that happens to generate 10% of the world's electricity, it is pretty mind-boggling that the collective value of them is only $37 billion." John Ciampaglia, CEO of Sprott Asset Management $EU
#uranium
This is the yellowcake (U3O8) dryer at Rosita, the last step before we package it into drums as shown in the photo. We have officially started production and look forward to sending off the first full drums in 45-60 days! 🎉🎉
#uranium
#nuclearenergy
#nuclear
#energy
Cantor Fitzgerald: Raising our short-term (12-month) spot price forecast to $60/lb U3O8 from $50/lb U3O8 previously and long-term to $75/lb U3O8 from $65/lb U3O8 previously following Kazatomprom’s announcement that it will be seeding ANU Energy, a new physical uranium fund. $EU
We think there's no other opportunity in the US uranium industry that can add as much value as acquiring Alta Mesa. We have taken on a lot of assets in the last two years that need to be managed but we have built our large experienced team for exactly this reason. $EU $ENCUF
A beautiful day to set up for our Rosita Grand Opening! Excited to celebrate this major milestone with Governer Rick Perry and our amazing staff, board and management. 🎉🥳
#uranium
#nuclearenergy
#energy
#nuclear
#texas
$EU
We've announced we have an term offtake agreement in place starting in 2023, directly linked to the spot price. This agreement supports our targeted production startup in 2023. Ultimately we expect to have a balance of market-related agreements that are a form of term pricing.
Our sources agree with Cameco. Russian supply of U3O8 and enriched material will soon be unavailable to the West and supply is tightening up along the whole fuel cycle. Western enrichers already appear to be moving to overfeeding to increase capacity to replace Russian supply.
📢News Release: November 30, 2023
✅ enCore Energy Commences Uranium Production at the South Texas Rosita ISR Uranium Central Processing Plant
November 30, 2023 – Dallas, Texas – enCore Energy Corp. (NYSE American:EU|TSXV:EU) (the “Company” or “enCore”) today
Speculators buy and sell
#uranium
stocks based on what the S&PS do. Investors in uranium stocks buy them because they understand the amazing opportunity they represent for huge, long-term, fundamentally-driven gains. At enCore, we are working for the investors. $EU $ENCUF
Our Rosita Grand Opening was a great success and saw close to 300 people attending: from Governor Rick Perry, to local elected officials, investors, family and community members. 🤠
This is only the beginning, and we are excited for the future enCore Energy can bring to our
Japan is set to fire up its
#nuclear
power plants as it looks to expand its renewable energy offering amid a push to slash its emissions, its new industry minister has said today. This would add 20 million pounds a year to U3O8 demand, up 10%+ and a real game changer. $EU
We note that the official EIA statistics for the US uranium industry reported 123,000 feet of drilling in 260 holes for the entire industry in 2021. Which is precisely what we drilled at enCore. Which is why we will be ready to produce next year on schedule. $EU
#uranium
What would help us make an early decision to expand our Rosita processing plant from 800,000 lbs of
#uranium
annually to 2 million? More drilling success close in to the plant. So far surprises have been to the upside. An expanded drill program is now in progress. $EU $ENCUF
It seems the market has not yet caught up to the implications of the DOE shoving a floor under the US
#uranium
market by purchasing 100 MT per year of domestic production for resale to utilities. The market value of quality US uranium assets will soar. $EU
The Biden administration is reportedly seeking $4.3 billion to purchase enriched uranium from domestic producers instead of relying on importing SWU from Russia. $EU
#uranium
We chose the name enCore to reflect our belief that we can repeat the success we had at Energy Metals Corp, which we sold for $1.6B during the last cycle, using the same strategy...an elite management team and an aggressive M&A strategy at the right time in the market cycle. $EU
Governor Rick Perry, the 14th Governor of Texas and former United States Secretary of Energy arriving at our Rosita Plant Uranium Project Grand Opening! 🥳
A Nasdaq listing is a top priority for $EU. We expect to file an application by the end of this month following completion of our merger with
@AzargaUranium
.
France, Poland, Romania, Hungary, Bulgaria, the Czech Republic, Slovakia, Croatia, Slovenia, and Finland support including nuclear power as climate-friendly under EU's taxonomy rules, while Germany, Austria, and Luxembourg are opposed.
#uranium
$EU
"Whether
#uranium
is $45 per pound or $450 per pound the cost per kilowatt-hour difference is a rounding error compared to a similar price pop in natural gas or coal...
Are we doing anything new at enCore to add value? You bet. Using our proprietary databases, we're quietly leasing up prime ISR properties with historical reserves before
#uranium
prices drive the market higher. We'll spill the beans when we won't hurt our own interests. $EU
📢News Release: December 6th, 2023
✅ enCore Energy Enters US$70 Million Transaction with Boss Energy; Proceeds to Accelerate Company-Wide Uranium Production Plans
🔵Find the full news release
💻
#gonuclear
#UraniumProduction
#NewsRelease
#NYSE
$EU
This weekend, we will be featured on Fox Business Network, Sunday Dec 10 at 5:30pm ET. Tune in then as we explore enCore’s role in America’s nuclear energy landscape! 🇺🇸👏
For more information:
📈With three licensed uranium processing plants in Texas,
As the broader market falls, everything is sold for liquidity...an indication of how over-invested, levered and fragile markets have become. When markets clear, value is bid again and
#uranium
's strong supply/demand will reassert itself. Economic fundamentals haven't changed. $EU
📢News Release: March 18th, 2024
✅enCore Energy Encounters Highest Grade Drill Results at Alta Mesa Uranium Project; Provides Status on South Texas Production Operations.
March 18, 2024 – Dallas, Texas – enCore Energy Corp. (NASDAQ: EU|TSXV: EU) (the “Company” or “enCore”), a
Check it out! These drums of yellowcake (uranium) from our Alta Mesa Plant will make up part of our first shipment since our recent reopening of the Plant and Wellfield. This shipment will be ready to go soon, and it will be the 128th shipment from the Plant since it first opened
📢News Release: January 17th, 2024
✅enCore Energy Provides Update on South Texas Uranium Operations
January 17, 2024 – Dallas, Texas – enCore Energy Corp. (NASDAQ:EU|TSXV: EU) (the “Company” or “enCore”), a uranium producer, today provides an update on the Company’s South Texas
TD Securities thinks utilities may increase their inventories to address supply insecurity in the
#uranium
market, perhaps to 3.5 years from the traditional 2 years. This would generate an intense scramble for a resource already made scarce by SPUT and declining production. $EU
TD Securities: "In our view, the
#uranium
and
#nuclear
fuel markets are facing potentially the most severe supply dislocation since 2005-06. There is also uncertainty surrounding potential logistical challenges facing the delivery of Kazakh uranium production to customers."
Confirmation of Dewey Burdock’s license is very valuable to us. A recent PEA reported a pretax NPV of $171.3M discounted at 8% and an IRR of 55% at $55
#U3O8
. As new owners we can now consider a progressive path forward on this project we acquired in the Azarga transaction. $EU
Your
#uranium
production scorecard: Canada is now producing ZERO U3O8 entering 2021 as CAMECO, the world's number 2 miner, shuts down. Australia's Ranger mine closes permanently next month and BHP has scrapped its massive Olympic Dam expansion.
The resource business has always been hyper cyclical; years of famine followed by extraordinary gains. We are not eternal bulls about anything. We are realists. As uranium specialists and experts, our time is now. We may never see such a perfect storm again. $EU
#uranium
Why
#Uranium
#mining
#stocks
?🤔 As Bill Powers of
@MiningStockEdu
explains in this powerful video📺
#Uranium
is a cyclical commodity🔃 that unlike most other commodities goes thru extreme boom & bust cycles🔃 that can deliver life-altering returns.😎🏝️🍸🏄♀️
The separation today between
#uranium
stocks and the general equity market was what we needed to see. The economics of our industry deserve an independent path. $EU
@Mark58782318
@UraniumEquities
The market doesn't understand what a coup this is, yet. The door is closing on being able to do deals like this. All the low hanging fruit in the US is taken. We think this makes us the premier player in the US ISR business.
Uranium Market Update: The market is off from recent highs with SPUT trading at or below NAV while unofficial market intelligence tells us uranium held by an entity negatively impacted by Biden's ban on Russian Flagged ships was forced to sell to a 3rd party at a discount.
Note that the utility contracting with enCore as announced in today's news release committed "following a recent site visit to enCore's Texas operations". Independent confirmation of our progress. $EU
#uranium
Second, western utilities are not going to rely on contracted Russian resources even if they are not sanctioned. It defies common sense. Inventories will have to rise and alternative, strategically secure alternative sources must be developed. Count on it. $EU
#uranium
✅Today, we announced the successful startup of production at the Alta Mesa Project.
With the restart of the previously producing Alta Mesa Project, enCore Energy is now the only uranium producer in the United States with multiple production facilities in operation.
The
The careful, meticulous work of preparing the ground for
#ISR
#uranium
production is well advanced at our Rosita plant. Don't let anyone tell you ISR is easy and anyone can do it. More on this coming up as we get ready for 2023 production. $EU $ENCUF
"EnCore is commencing a cost benefit analysis to consider options for expansion of the current 800,000 pounds U3O8 production capacity at its Rosita Plant... to 2,000,000 pounds U3O8...
Question: would you rather hold
#uranium
or cash? Uranium every time. The Fed and US Treasury make it a clear choice as they print and spend in the trillions while uranium becomes more necessary and more scarce by the day. $EU $ENCUF
The Saudi government is planning to spend $100B on 16
#nuclear
reactors to be built in the next 9 years. This initiative doesn't appear in any of the current
#uranium
supply-demand scenarios we have seen. $EU
DYK?🤔
#SaudiArabia
intends to become a leader in renewable
#energy
by building 16
#nuclear
reactors by 2030 with a combined capacity of 22GW.🌞🏗️⚛️⬆️ Today they say winning technical advice bidder is to be named soon.🤠🐂
#Uranium
#CarbonFree
24/7
#ESG
🏄♂️
Proof of a turn in
#uranium
? Honeywell announced today its plan to restart its Metropolis Works in early 2023, the only US uranium fuel conversion facility. Preparations begin this year. Honeywell will hire 160 full-time employees as well as contractors by the end of 2022. $EU
🎁🎉We are excited to announce our biggest giveaway contest yet… a trip to the Rosita CPP Grand Opening on February 6th 2024!
⭐️We are so thankful for your ongoing support of enCore Energy & the uranium industry in general; there is a great uranium community on this platform,
Join CEO Paul Goranson at the Rosita Extension Wellfield as he explains the first steps of uranium recovery, before it gets to the Ion Exchange Plant and the Central Processing Plant. As Paul says, this is the area where we make the money! 💸🕺
$EU
#NYSE
#GoNuclear
#CleanEnergy
A breathtaking change of opinion. A new survey by Bisconti Research shows strong public support of nuclear energy and for building additional nuclear power plants in the USA. 77% “strongly or somewhat favored” the use of nuclear energy while 23% opposed (a noisy minority).
👏While being the only company with multiple producing uranium facilities in the U.S., it is our goal to build our company’s production capacity to 3 million pounds U3O8 per year by end of 2026 and 5 million pounds U3O8 per year by end of 2028. 😃
#uranium
#nuclearenergy
Serbia's government may lift the existing
#nuclear
energy ban in the country to allow the construction of small modular reactors, Energy Minister Zorana Mihajlovic says. $EU
#uranium
Our announced drilling success close to the Rosita plant helped trigger the decision to accept a bought deal financing. Results to date help to ensure uninterrupted Rosita operation and further drilling now in progress could justify an early decision to expand the plant. $EU
Today's release features the upside drilling surprise from the new Rosita Extension Area which is closer to the plant (1 mile), higher grade and more prolific than the Rosita South area which it has temporarily eclipsed. Both are in the permitted area and will be solid producers.
enCore today announced the South Texas Alta Mesa In Situ Recovery("ISR")
#Uranium
Central Processing Plant upgrades and refurbishments are ahead of schedule and under budget and discovery of a new mineralized zone at the Alta Mesa wellfield. $EU
With a wealth of experience in mergers & acquisitions, the team at enCore is always exploring potential strategic initiatives and M&A opportunities to further enhance our position within the industry and increase the value to our shareholders. 💰📈
In this video, Executive
The Japanese government has announced a new nuclear energy policy consisting of 3 key points: maximize use of existing
#nuclear
power plants via accelerated restart and extension of operations; build advanced next-generation
#reactors
;...
"At 6:20 [local time], the fire in the training facility of Zaporozhskaya Nuclear Power Plant in Energodar was extinguished. There are no victims and casualties," local emergency services announced on Facebook. Some Australian investors got a steal. $EU
#uranium
Kazatomprom has announced that due to what they perceive to be a cautious market sentiment, they are extending their 20% reduction of allowable production for an additional year through 2023. This should create further
#uranium
supply tightness. $EU
A leading member of the cristian democrats, and possible future Secretary of Economy, said yesterday that nuclear energy would be one of the first issues on the table after tomorrow's national elections. We are winning, folks!
Bloomberg: “We need to build out capacity for a Western alternative for the Russian component of the uranium market, including conversion and enrichment capacity,” says Kathryn Huff, a senior adviser to the Energy Secretary.
#EU
#uranium
✅enCore’s Alta Mesa Central Processing Plant is scheduled and on track for 2024 production, following the Rosita Central Processing Plant that started production in November 2023.
🌱enCore is solely focused on In-Situ Recovery using noninvasive chemicals like water and oxygen,
As the only United States uranium producer with multiple producing assets, enCore is now enjoying revenue from both plants, allowing us to continue to progress our production pipeline across Texas and beyond! 🤠
#uranium
#nuclearenergy
#GoNuclear
#cleanenergy
$EU
#energy
The Swiss Federal Nuclear Safety Inspectorate has authorized the restart of Beznau 1, the country's oldest nuclear power plant, operating since 1969. The plant was taken offline for maintenance on April 29. $EU
#uranium
🙌Check out our injection well manifold at our Rosita Extension wellfield, all important infrastructure for future production at the Rosita Central Processing Plant. Each line has a control valve strainer and flow meter.
🧐For more info, check out our South Texas Projects