Announcement Date: 2022-08-02
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: enCore Energy Corp.
Project name: Rosita
Location: United States
Commodities: Uranium
Highlight: Drilling results incl. 7.0m @ 0.25% U3O8,
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Corpus Christi, Texas – August 2, 2022: enCore Energy Corp. (“enCore” or the “Company”) (TSXV:EU, OTCQB:ENCUF) today announced continuing positive results from its uranium delineation drilling programs at its 100% owned Rosita Project in South Texas. The on-going drilling program is currently concentrating on the Rosita Extension PAA (Production Authorization Area), adjacent to enCore’s fully licensed Rosita ISR (In-Situ Recovery) Processing Plant. The drilling program has confirmed, expanded and upgraded the historic mineralized trends, which will be the initial source of uranium feed for processing at the Rosita Plant. enCore’s Rosita Plant, located approximately 60 miles from Corpus Christi, Texas, is a licensed, pastproducing in-situ recovery (ISR) uranium plant that is completing refurbishment. The final stage of refurbishment work will be completed with the delivery of six pumps that have been delayed due to unexpected supply chain interruptions. We remain on budget and the delay is not expected to impact scheduled production startup in 2023. The Rosita Plant is designed to process uranium feed from multiple satellite operations, all located in the South Texas area, and is 1 of 11 licensed and constructed uranium processing plants in the United States, 2 of which are owned by enCore Energy.
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