US-based Energy Fuels on Monday announced the sale of its Alta Mesa in-situ recovery project, in Texas, to enCore Energy for $120-million, boosting its coffers to fully fund its other higher priority uranium and rare earth element projects over the next two to three years.
The funds would also go towards helping to finance purchases of monazite and to fund the Bahia project, in Brazil.“Alta Mesa is a fully permitted and developed US uranium project, and enCore’s president and CEO,, knows it well, having constructed and operated it himself about ten years ago,” said Chalmers.
“Combined with our South Texas operations that are anchored around our Rosita project, this acquisition puts us in an exceptionally strong position to advance towards being a long-term sustainable source of uranium production to fuel clean nuclear energy that will benefit our local communities, the state of Texas and the United States,” said Goranson.
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