This article is written by one of Kitco's sponsors. The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. In November, enCore Energy became the newest uranium producer in the U.S. at its Rosita In-Situ-Recovery uranium central processing plant and wellfield, about 98 km west of Corpus Christi. There are only 3 uranium producers in the United States. The Company shipped its first delivery of uranium earlier this month.
Moving two projects towards production at the same is a significant feat," Sheriff notes. The company also announced that after acquiring Alta Mesa for $120 mm USD in 2023, they sold a 30% stake and established a joint venture with Boss Energy, an Australian ISR uranium producer, for $60 MM USD 8 months later. The funds will provide the company with the ability to accelerate its production pipeline.
Future projects in enCore's production pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, along with significant uranium resource endowments in New Mexico providing long term opportunities.