EnCore Energy Corp. Receives Radioactive Materials License for Upper Spring Creek ISR Uranium Project, South Texas

Published: 2025-05-29 08:05:26 ET EU.V

Published on 05/29/2025 at 08:05

enCore Energy Corp. announced the approval for the inclusion of the Upper Spring Creek In-Situ Recovery ("ISR") Uranium Project (the "Project") in the existing Radioactive Materials License ("RML") from the TCEQ (Texas Commission on Environmental Quality). This license allows enCore to handle radioactive materials, which includes the final product, U3O8 ("uranium").

The current RML includes the Rosita Uranium Project, which has now been extended to cover the Upper Spring Creek Project's Brown Area. The Upper Spring Creek Project brings important uranium mineralization into the operations of the Company, and look forward to recovering (capturing) increasing amounts of uranium from late this year into 2026. enCore has commenced advancement of the Project with drill rigs moving to site to begin development of the production wellfield; enCore previously began staging equipment in anticipation of receiving this approval.

Construction activities will include surface preparation, well construction, road construction and installation of support facilities and utilities. The construction of the Satellite IX Plant concrete pad is planned to start in 30 days. enCore now holds two RML's in Texas; one for the Alta Mesa ISR Uranium Project and the amended RML which now includes the Upper Spring Creek's Brown Area, Rosita and Kingsville Project areas.