enCore Energy Announces Expansion of the Alta Mesa Uranium Project
enCore Energy (NASDAQ: EU) has announced the acquisition of the 5,900-acre Tacubaya property adjacent to its Alta Mesa Uranium Project. The acquisition is part of a joint venture between enCore Energy (70%) and Boss Energy Ltd. (30%).
The strategic expansion targets uranium mineralization discovered by Chevron in the 1970s, with multiple uranium roll fronts in the Goliad Formation. The company plans an aggressive exploration program starting October 2025, initially deploying two drill rigs for a 200-hole drilling program, with two additional rigs to be added as the program progresses.
The Tacubaya property is expected to provide additional feed and extend operations at the Alta Mesa In-Situ Recovery Uranium Central Processing Plant, with projected continuation of productive roll fronts from multiple wellfields.
enCore Energy (NASDAQ: EU) ha annunciato l'acquisizione della propriet脿 Tacubaya di 5.900 acri, adiacente al suo progetto uranium Alta Mesa. L'acquisizione avviene nell'ambito di una joint venture in cui enCore detiene il 70% e Boss Energy Ltd. il 30%.
L'espansione strategica mira alla mineralizzazione di uranio scoperta da Chevron negli anni '70, con multiple fronti di deposito (鈥渞oll fronts鈥�) nella Formazione Goliad. La societ脿 prevede un programma di esplorazione aggressivo a partire da ottobre 2025, impiegando inizialmente due perforatrici per un programma di perforazione di 200 pozzi, con l'aggiunta di altre due unit脿 man mano che il progetto procede.
Si prevede che la propriet脿 Tacubaya fornir脿 alimentazione aggiuntiva e prolungher脿 le operazioni presso l'Alta Mesa In鈥慡itu Recovery Uranium Central Processing Plant, con la continuazione prevista di fronti produttivi provenienti da pi霉 campi pozzo.
enCore Energy (NASDAQ: EU) ha anunciado la adquisici贸n de la propiedad Tacubaya de 5.900 acres, adyacente a su proyecto de uranio Alta Mesa. La adquisici贸n forma parte de una empresa conjunta en la que enCore posee el 70% y Boss Energy Ltd. el 30%.
La expansi贸n estrat茅gica se enfoca en la mineralizaci贸n de uranio descubierta por Chevron en la d茅cada de 1970, con m煤ltiples frentes de rollo de uranio en la Formaci贸n Goliad. La compa帽铆a planea un agresivo programa de exploraci贸n que comenzar谩 en octubre de 2025, desplegando inicialmente dos equipos de perforaci贸n para un programa de 200 perforaciones, y a帽adiendo dos equipos m谩s a medida que avance el programa.
Se espera que la propiedad Tacubaya aporte alimentaci贸n adicional y extienda las operaciones en la Planta Central de Procesamiento de Uranio por Recuperaci贸n In鈥慡itu Alta Mesa, con la continuidad prevista de frentes productivos provenientes de m煤ltiples campos de pozos.
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鞚措矆 鞝勲灥鞝� 頇曥灔鞚� 1970雲勲寑 Chevron鞚� 氚滉铂頃� 鞖半澕電� 甏戫檾雽�, 韸鬼瀳 Goliad 歆�旄奠潣 鞐煬 鞖半澕電� 搿ろ攧搿犿姼(roll fronts)毳� 氇╉憸搿� 頃╇媹雼�. 須岇偓電� 2025雲� 10鞗� 鞁滌瀾鞚� 氇╉憸搿� 頃� 瓿奠劯鞝� 韮愳偓 頂勲攴鸽灗鞚� 瓿勴殟頃橁碃 鞛堨溂氅�, 齑堦赴鞐愲姅 霊� 雽�鞚� 鞁滌稊 鞛ル箘毳� 韴瀰頃� 200瓿� 鞁滌稊 頂勲攴鸽灗鞚� 靾橅枆頃橁碃, 歆勴枆 靸來櫓鞐� 霐半澕 霊� 雽�毳� 於旉皜頃� 鞓堨爼鞛呺媹雼�.
Tacubaya 攵�歆�電� Alta Mesa鞚� 順勳灔須岇垬(In鈥慡itu Recovery) 鞖半澕電� 欷戩暀觳橂Μ鞁滌劋鞐� 於旉皜 鞗愲毳� 瓿店笁頃橁碃 鞖挫榿鞚� 鞐办灔頃� 瓴冹溂搿� 鞓堨儊霅橂┌, 鞐煬 鞙犾爼甑办棎靹� 靸濎偘靹� 鞛堧姅 搿ろ攧搿犿姼鞚� 鞐办啀靹膘澊 鞝勲霅╇媹雼�.
enCore Energy (NASDAQ: EU) a annonc茅 l'acquisition de la propri茅t茅 Tacubaya de 5 900 acres, situ茅e 脿 proximit茅 de son projet uranium Alta Mesa. L'acquisition s'inscrit dans le cadre d'une coentreprise o霉 enCore d茅tient 70 % et Boss Energy Ltd. 30 %.
Cette expansion strat茅gique vise la min茅ralisation en uranium d茅couverte par Chevron dans les ann茅es 1970, avec plusieurs fronts de roulis d'uranium (roll fronts) dans la formation Goliad. La soci茅t茅 pr茅voit un programme d'exploration agressif d茅butant en octobre 2025, d茅ployant initialement deux foreuses pour un programme de forage de 200 puits, avec l'ajout de deux machines suppl茅mentaires au fur et 脿 mesure de l'avancement.
La propri茅t茅 Tacubaya devrait fournir des apports suppl茅mentaires et prolonger les op茅rations 脿 l'usine centrale de traitement d'uranium par r茅cup茅ration in situ d'Alta Mesa, la poursuite de fronts productifs issus de plusieurs champs de puits 茅tant pr茅vue.
enCore Energy (NASDAQ: EU) hat den Erwerb des 5.900 Acre gro脽en Tacubaya-Grundst眉cks angek眉ndigt, das an sein Alta Mesa Uranprojekt angrenzt. Die Akquisition erfolgt im Rahmen eines Joint Ventures, an dem enCore 70% und Boss Energy Ltd. 30% halten.
Die strategische Erweiterung zielt auf die in den 1970er Jahren von Chevron entdeckte Uranmineralisierung ab, mit mehreren Uran鈥慠ollfronten in der Goliad鈥慒ormation. Das Unternehmen plant ein aggressives Explorationsprogramm ab Oktober 2025, das zun盲chst zwei Bohrger盲te f眉r ein 200鈥态辞丑谤濒枚肠丑别谤鈥慞谤辞驳谤补尘尘 einsetzt und im Verlauf des Programms um zwei weitere Ger盲te erweitert werden soll.
Es wird erwartet, dass das Tacubaya鈥慓rundst眉ck zus盲tzliche Zufuhr liefert und die Aktivit盲ten in der Alta Mesa In鈥慡itu鈥慠ecovery鈥慤ran鈥慫entralverarbeitungsanlage verl盲ngert, wobei die Fortsetzung produktiver Rollfronten aus mehreren Brunnenfeldern prognostiziert wird.
- Strategic acquisition of 5,900 acres adjacent to existing operations
- Property contains proven uranium mineralization from historical Chevron discoveries
- Aggressive exploration program planned with 200-hole drilling campaign
- Expected to extend Alta Mesa Project's operational life
- 70% controlling stake in the joint venture
- Additional exploration required to fully delineate uranium mineralization
- Significant capital investment needed for exploration program
- 30% ownership held by joint venture partner limiting full economic benefit
Insights
enCore's strategic Tacubaya acquisition expands Alta Mesa's resource potential and extends project lifespan through promising adjacent exploration targets.
enCore Energy's acquisition of the 5,900-acre Tacubaya parcel represents a significant strategic expansion of their Alta Mesa Uranium Project footprint. The land package is particularly valuable due to its immediate adjacency to enCore's existing producing wellfields and Central Processing Plant, creating operational synergies and cost efficiencies.
What makes this acquisition particularly promising is the geological continuity - Tacubaya hosts uranium mineralization in the same Goliad Formation as Alta Mesa, with multiple uranium roll fronts in stacked sands. Chevron's historical exploration work from the 1970s identified mineralization in several sand units (lower C, middle C, B and A) that are currently productive at Alta Mesa, suggesting a high probability of resource expansion.
The projected continuation of productive roll fronts from multiple Alta Mesa wellfields (1, 3, 4, 5B and 7) onto the new property creates a compelling exploration case. enCore's planned 200-hole drilling program, starting with two rigs in October 2025 and expanding to four rigs, demonstrates confidence in the property's potential and represents a significant exploration commitment.
This acquisition occurs within the Alta Mesa JV structure (70% enCore, 30% Boss Energy), meaning capital requirements and risk are shared while maintaining enCore's controlling interest. The additional resource potential should extend the Alta Mesa project lifespan and increase production capacity of the existing ISR processing infrastructure, potentially improving the project's overall economics through better utilization of fixed assets.
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William M. Sheriff, Executive Chairman of enCore Energy, stated: "On behalf of the Board, I extend our congratulations to our land department which worked for many months to assemble this strategic land acquisition that significantly expands the Alta Mesa Uranium Project. The compelling geology and location, immediately adjacent to, and on-trend with, our active and past wellfields make this a key acquisition for enCore. We will begin an aggressive exploration program, following up on mineralization discovered by Chevron in the late 1970's, which lies along projected trends extending from several of the wellfields at Alta Mesa."
Highlights for the Tacubaya acquisition include:
- Over 5,900 acres of private land consisting of mineral and surface leases with private parties located immediately adjacent to, and east of, enCore's Alta Mesa Uranium Project;
- Tacubaya is a part of the Alta Mesa Uranium Project joint venture ("JV") between enCore Energy (
70% ) and Boss Energy Ltd. (30% ); - Tacubaya's uranium mineralization occurs as roll fronts in multiple stacked sands within the Goliad Formation just as it does at the Alta Mesa Uranium Project;
- Historical drilling completed by Chevron Minerals during the late 1970's discovered multiple uranium roll fronts located at various depths within multiple sand units interpreted to be the lower C, middle C, B and A sands, all of which have been, or are currently productive, at the Alta Mesa Uranium Project;
- Additional exploration will be required to fully explore and delineate uranium mineralization on Tacubaya;
- Projected continuation of productive roll fronts from Alta Mesa Wellfields 1, 3, 4, 5B and the currently operating Wellfield 7; and
- Initial exploration to include a 200-hole drilling program beginning in two key areas utilizing several rigs. Two rigs will begin in October 2025, with an additional two drill rigs being added as the program progresses.
To view the project map, please visit:
About the Alta Mesa ISR Uranium CPP and Wellfield ("Alta Mesa Uranium Project")
The Alta Mesa Uranium Project hosts a fully licensed and operational ISR Central Processing Plant and operational wellfield located on 200,000+ acres of private land and mineral rights in and regulated by the state of
The Alta Mesa Uranium Project utilizes well known ISR technology to extract uranium in a non-invasive process using natural groundwater and oxygen. Currently, oxygenated water is being circulated in the wellfield through injection or extraction wells plumbed directly into the primary pipelines feeding the Alta Mesa CPP. Expansion of the wellfield will continue, with extraction to steadily increase from the wellfield as expansion continues through 2025 and beyond. The Alta Mesa CPP historically produced nearly 5 million pounds of uranium between 2005 and 2013 when production was curtailed as a result of low prices.
John M. Seeley, Ph.D., P.G., C.P.G., enCore's Chief Geologist, and a Qualified Person under Canadian National Instrument 43-101 and S-K 1300, has reviewed and approved the technical disclosure in this news release on behalf of the Company.
About enCore Energy Corp.
enCore Energy Corp., America's Clean Energy Company鈩�, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only
Following upon enCore's demonstrated success in
Cautionary Note Regarding Forward Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws that are based on management's current expectations, assumptions, and beliefs. Forward-looking statements can often be identified by such words as "expects", "plans", "believes", "intends", "continue", "potential", "remains", and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", or "will" be taken.
Forward-looking statements and information that are not statements of historical fact include, but are not limited to, any information relating to statements regarding future or potential extraction, and any other statements regarding future expectations, beliefs, goals or prospects, statements regarding the success of current and future ISR operations, including projects in our pipeline, our development plans, the anticipated timeline for starting exploration drilling related to Tacubaya, anticipated synergies of Tacubaya with the Alta Mesa Uranium Project, our future extraction plans and expectations and our commitment to working with local communities and indigenous governments to create positive impact from corporate developments should be considered forward looking statements. All such forward-looking statements are not guarantees of future results and forward-looking statements are subject to important risks and uncertainties, many of which are beyond the Company's ability to control or predict, that could cause actual results to differ materially from those expressed in any forward looking statement, including those described in greater detail in our filings with the SEC and on SEDAR+, particularly those described in our Annual Report on Form 10-K, annual information from and MD&A. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with assumptions regarding project economics; discount rates; expenditures and the current cost environment; timing and schedule of the projects, general economic conditions; adverse industry events; future legislative and regulatory developments; the ability of enCore to implement its business strategies; and other risks. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation exploration and development risks, changes in commodity prices, access to skilled personnel, the results of exploration and development activities; extraction risks; uninsured risks; regulatory risks; defects in title; the availability of materials and equipment, timeliness of government approvals and unanticipated environmental impacts on operations; litigation risks; risks posed by the economic and political environments in which the Company operates and intends to operate; increased competition; assumptions regarding market trends and the expected demand and desires for the Company's products and proposed products; reliance on industry equipment manufacturers, suppliers and others; the failure to adequately protect intellectual property; the failure to adequately manage future growth; adverse market conditions, the failure to satisfy ongoing regulatory requirements and factors relating to forward looking statements listed above. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the various securities commissions which are available online at and . Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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FAQ
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