Impact: Positive
enCore Energy provided an update on refurbishment activities underway at its 100%-owned Rosita processing facility in Texas. Approximately 50% of the modernization work is complete and on track for completion in Q2/22. Furthermore, keeping inline with its strategy of advancing previously permitted projects, a 50-hole confirmation drilling program has commenced at the newly acquired Rosita wellfield extension. With 100M lb U3O8 in current resources, 78M lb in historical resources, near-term production potential and an ever-growing pipeline of near- to mid-term ISR development projects in TX, SD, WY and NM (Figure 1) following the acquisition of Azarga Uranium Corp. (read more), we believe investors should keep a close eye on enCore as it strengthens its leadership in the uranium sector.
