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.