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Uranium producer enCore sees first shipment from Rosita plant next week
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Uranium producer enCore sees first shipment from Rosita plant next week
Mar 5, 2024 6:18 AM

March 5 (Reuters) - Uranium producer enCore Energy

said on Tuesday it expects to deliver the first shipment

of uranium from its restarted Rosita Central Processing Plant

next week.

enCore is one of the many mining companies that have

restarted operations as the prices of nuclear fuel have soared,

driven by renewed interest in Nuclear energy.

The Corpus Christi-Texas-based company restarted uranium

production at its Rosita plant in South Texas in November last

year and is licensed to produce 800,000 pounds of uranium ore

annually.

Uranium prices have doubled over the past year as top

producers cut output targets as they failed to ramp up

production despite reopening mothballed mines.

Encore expects to deliver the initial shipment to a

conversion facility in the week of March 11 before delivering

the uranium to a utility customer under sales contracts.

The company also said it entered into a fifth commercial

uranium sales contract with deliveries from 2026 through 2032.

"With Rosita underway, we are now moving aggressively to

re-start the Alta Mesa Plant, which we expect will commence

production as planned in Q2/2024," said Encore Chief Executive

Officer Paul Goranson.

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