enCore Energy Confirms Uranium Mineralization in Initial Exploration Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2026
0mins
enCore Energy shared results from initial exploration drilling tests conducted on its Alta Mesa East property, which is immediately adjacent to the Alta Mesa wellfields and extraction operations. Exploratory drilling tests are designed to outline mineralization, which will guide the Company's efforts in permitting and expanding In-Situ Recovery operations into the AME from the existing Alta Mesa operations. These initial results have confirmed uranium mineralization extending more than 3,700 feet to the east from the nearest wellfield. William Sheriff, Executive Chairman, said, "Our initial drill results from Alta Mesa East have reconfirmed our expectations of encouraging uranium grades across all major mineralized sand units known to exist at Alta Mesa. Uranium extraction efforts from these sand units at the Alta Mesa wellfields have generated solid results, including current operations at wellfield 7. An aggressive drill program is underway with additional results pending." Exploration drilling at enCore's 5,900-acre AME Project is well underway and continues to advance with 6 drilling rigs in operation. The AME Project targets the continuation of productive roll fronts from Alta Mesa wellfields 1, 3, 3EXT, 4, 5B, and 7. Overall, exploration efforts are focused on mineralization within the designated B sands, Middle C sands, Lower C sands, and potentially the D sands in the northeast areas. Initial exploration drilling is typically conducted on 400 and 500 foot centers with closer offsets in mineralized areas. Seven widely spaced east-west fences of drilling are underway for overall regional characterization. Drilling is averaging a total depth of approximately 600 feet below the surface. Exploration drilling has discovered mineralization within the Middle C sands at a depth on average between 400 and 460 feet, and within Lower C sands between 480 and 520 feet below surface. The final results are reported for the initial 17 holes, which include six holes ranging from 0.351 to 2.297 Grade Thicknesses. GT of 0.3 is considered suitable for inclusion in a wellfield. Of the 17 holes reported, 10 were mineralized.
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About EU
enCore Energy Corp. is a clean energy company. The Company is engaged in providing clean, reliable, and affordable fuel for nuclear energy as the uranium producer in the United States. The Company is focused on producing domestic uranium in the United States. The Company only utilizes the In-Situ Recovery technology (ISR) to provide necessary fuel for the generation of clean, reliable, and carbon-free nuclear energy. Its projects include Alta Mesa Project, Mestena Grande Uranium Project, Dewey-Burdock Project, Gas Hills Project, Juniper Ridge Project, Aladdin Project, Centennial Project, and others. The Alta Mesa Project is located within a portion of the private land holdings of the Jones Ranch and includes surface and mineral rights as well as oil and gas and other minerals including uranium. The Dewey-Burdock Project is an ISR uranium project located in the Edgemont uranium district in South Dakota. The Gas Hills Project is located in the Gas Hills uranium district.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Project Approval Milestone: The Bureau of Land Management (BLM) has approved enCore Energy Corp.'s Dewey Burdock Uranium Project, allowing the company to commence infrastructure construction in South Dakota, marking a critical implementation phase that is expected to significantly enhance the company's competitiveness in the uranium market.
- Infrastructure Development Plan: Under the BLM's final Environmental Assessment, enCore will construct primary and secondary access roads, monitoring wells, and power lines on approximately 240 acres of public land, laying the groundwork for efficient resource extraction and subsequent project development.
- Environmental Impact Assessment: Following extensive independent analysis, the BLM confirmed that the project would not have a significant environmental impact, a decision that not only boosts public confidence in the project but also provides enCore with favorable conditions for future regulatory approvals.
- Strategic Development Direction: The approval of the Dewey Burdock Project aligns with the U.S. government's focus on uranium production, as enCore aims to promote domestic clean energy development through environmentally responsible in-situ recovery technology, further enhancing the company's market position in the renewable energy sector.
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- Infrastructure Construction Details: The authorized work includes the construction of primary and secondary access roads, light-use roads, four groundwater monitoring wells, and overhead power lines, which will provide essential support for uranium extraction and enhance operational efficiency.
- Technological Advantage: The Dewey Burdock project will recover uranium from subsurface sandstone ore bodies using in-situ recovery (ISR) technology, which allows for minimal surface disturbance compared to conventional open-pit or underground uranium mining, aligning with environmental standards and improving project economics.
See More
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- Stock Price Reaction: Following the report, enCore's shares surged 13.2% before the announcement and rose another 3.2% in pre-market trading, reflecting strong market optimism regarding the company's ongoing drilling results, which may attract further investor interest.
- Drilling Strategy: The company is currently operating six rigs drilling at 400-500 foot spacing with an average depth of 600 feet, demonstrating proactive efforts in characterizing mineralization across the property, which is crucial for supporting future production data.
- Strategic Acquisition: Executive Chairman William Sheriff stated that the strategic acquisition of the Alta Mesa East project was based on analyses suggesting that productive formations extend onto this property, further validating the drilling program's strategic importance and expected to directly support the operations of the central processing plant.
See More
enCore Energy Reports Positive Drilling Results at Alta Mesa East Project
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- Strategic Acquisition Context: The acquisition of the Alta Mesa East project was based on analyses suggesting that productive uranium formations extend eastward, prompting aggressive exploratory drilling aimed at confirming mineralization levels to enhance the company's market position in South Texas.
- Technological Advantage Utilization: The project employs advanced Prompt Fission Neutron (PFN) technology, which allows for real-time uranium content measurement, providing larger samples and more accurate results, anticipated to reduce exploration costs and improve efficiency.
- Future Development Plans: enCore plans to integrate the Alta Mesa East project into its expansion strategy, aiming to increase annual uranium production capacity to 1.5 million pounds, thereby strengthening the company's competitiveness in the nuclear energy market.
See More
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- Project Construction Progress: enCore Energy Corp. announced the completion of the first phase of construction for its Upper Spring Creek uranium project's Satellite IX Plant, marking a significant advancement in the company's uranium extraction capabilities and operational strength.
- Production Wellfield Nearing Completion: The construction of the first production wellfield is also nearing completion and will commence uranium extraction once final permits are received, providing a stable supply of uranium feedstock that enhances the company's competitive position in the market.
- Technological Advantage: The Satellite IX Plant utilizes ion-exchange technology, which allows for efficient uranium extraction from underground deposits, expected to significantly lower production costs and improve resource recovery rates, thereby enhancing the company's profitability.
- Future Development Plans: enCore plans to enter the operational phase in late 2026 and is committed to collaborating with local communities to promote sustainable development, further solidifying its position in the U.S. nuclear energy market.
See More
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- Project Construction Progress: enCore Energy Corp. announced the completion of the first phase of construction for its Upper Spring Creek uranium project's Satellite IX Plant, marking a significant advancement in the company's uranium extraction capabilities, which is expected to enhance production capacity significantly.
- Capacity Enhancement Plan: The currently constructed portion of the Satellite IX Plant can process 1,600 gallons per minute, with plans to double this capacity to 3,200 gallons per minute, expected to reach full capacity by the end of July, thereby strengthening the company's competitive position in the market.
- Drilling and Infrastructure Development: Drilling activities for the first 800-gpm module are complete, and progress on the drilling for three additional modules is well underway, with Module 2 nearing 90% completion, providing essential infrastructure support for uranium extraction.
- Strategic Implications: This project will not only supply uranium-loaded resin to the Rosita Central Processing Plant but also enhance enCore's operational capabilities in South Texas, positioning the company for potential growth in the uranium market in the future.
See More
enCore Energy Corp. Secures Approval for Dewey Burdock Uranium Project
- Project Approval Milestone: The Bureau of Land Management (BLM) has approved enCore Energy Corp.'s Dewey Burdock Uranium Project, allowing the company to commence infrastructure construction in South Dakota, marking a critical implementation phase that is expected to significantly enhance the company's competitiveness in the uranium market.
- Infrastructure Development Plan: Under the BLM's final Environmental Assessment, enCore will construct primary and secondary access roads, monitoring wells, and power lines on approximately 240 acres of public land, laying the groundwork for efficient resource extraction and subsequent project development.
- Environmental Impact Assessment: Following extensive independent analysis, the BLM confirmed that the project would not have a significant environmental impact, a decision that not only boosts public confidence in the project but also provides enCore with favorable conditions for future regulatory approvals.
- Strategic Development Direction: The approval of the Dewey Burdock Project aligns with the U.S. government's focus on uranium production, as enCore aims to promote domestic clean energy development through environmentally responsible in-situ recovery technology, further enhancing the company's market position in the renewable energy sector.
See More
enCore Energy Secures Approval for Dewey Burdock Uranium Project Infrastructure
- Project Approval: enCore Energy (EU) rose 2.1% in Thursday's trading after the U.S. Bureau of Land Management (BLM) issued a final decision approving infrastructure construction for the Dewey Burdock uranium in-situ recovery project, marking a significant milestone in project advancement.
- Environmental Assessment Passed: The BLM's environmental assessment and finding of no significant impact authorize enCore's Powertech subsidiary to construct initial infrastructure on the 10,580-acre Dewey Burdock project, ensuring compliance and sustainability for the initiative.
- Infrastructure Construction Details: The authorized work includes the construction of primary and secondary access roads, light-use roads, four groundwater monitoring wells, and overhead power lines, which will provide essential support for uranium extraction and enhance operational efficiency.
- Technological Advantage: The Dewey Burdock project will recover uranium from subsurface sandstone ore bodies using in-situ recovery (ISR) technology, which allows for minimal surface disturbance compared to conventional open-pit or underground uranium mining, aligning with environmental standards and improving project economics.
See More
enCore Energy Reports Positive Drilling Results at Alta Mesa East Project
- Drilling Progress: enCore Energy's ongoing drilling program at the Alta Mesa East project in Texas has yielded positive results, with 12 out of 20 drill holes showing mineralization and six returning grade thickness values between 0.43 and 1.76, indicating significant mineral potential that could enhance future production capabilities.
- Stock Price Reaction: Following the report, enCore's shares surged 13.2% before the announcement and rose another 3.2% in pre-market trading, reflecting strong market optimism regarding the company's ongoing drilling results, which may attract further investor interest.
- Drilling Strategy: The company is currently operating six rigs drilling at 400-500 foot spacing with an average depth of 600 feet, demonstrating proactive efforts in characterizing mineralization across the property, which is crucial for supporting future production data.
- Strategic Acquisition: Executive Chairman William Sheriff stated that the strategic acquisition of the Alta Mesa East project was based on analyses suggesting that productive formations extend onto this property, further validating the drilling program's strategic importance and expected to directly support the operations of the central processing plant.
See More
enCore Energy Reports Positive Drilling Results at Alta Mesa East Project
- Significant Drilling Results: enCore's drilling program at the Alta Mesa East Project has revealed uranium mineralization rates of up to 0.199% in several drill holes, with one hole showing a thickness of 8.5 feet, indicating substantial resource potential that is expected to directly support the existing Central Processing Plant.
- Strategic Acquisition Context: The acquisition of the Alta Mesa East project was based on analyses suggesting that productive uranium formations extend eastward, prompting aggressive exploratory drilling aimed at confirming mineralization levels to enhance the company's market position in South Texas.
- Technological Advantage Utilization: The project employs advanced Prompt Fission Neutron (PFN) technology, which allows for real-time uranium content measurement, providing larger samples and more accurate results, anticipated to reduce exploration costs and improve efficiency.
- Future Development Plans: enCore plans to integrate the Alta Mesa East project into its expansion strategy, aiming to increase annual uranium production capacity to 1.5 million pounds, thereby strengthening the company's competitiveness in the nuclear energy market.
See More
enCore Energy Completes First Phase of Uranium Project Construction
- Project Construction Progress: enCore Energy Corp. announced the completion of the first phase of construction for its Upper Spring Creek uranium project's Satellite IX Plant, marking a significant advancement in the company's uranium extraction capabilities and operational strength.
- Production Wellfield Nearing Completion: The construction of the first production wellfield is also nearing completion and will commence uranium extraction once final permits are received, providing a stable supply of uranium feedstock that enhances the company's competitive position in the market.
- Technological Advantage: The Satellite IX Plant utilizes ion-exchange technology, which allows for efficient uranium extraction from underground deposits, expected to significantly lower production costs and improve resource recovery rates, thereby enhancing the company's profitability.
- Future Development Plans: enCore plans to enter the operational phase in late 2026 and is committed to collaborating with local communities to promote sustainable development, further solidifying its position in the U.S. nuclear energy market.
See More
enCore Energy Completes First Phase of Uranium Project Construction
- Project Construction Progress: enCore Energy Corp. announced the completion of the first phase of construction for its Upper Spring Creek uranium project's Satellite IX Plant, marking a significant advancement in the company's uranium extraction capabilities, which is expected to enhance production capacity significantly.
- Capacity Enhancement Plan: The currently constructed portion of the Satellite IX Plant can process 1,600 gallons per minute, with plans to double this capacity to 3,200 gallons per minute, expected to reach full capacity by the end of July, thereby strengthening the company's competitive position in the market.
- Drilling and Infrastructure Development: Drilling activities for the first 800-gpm module are complete, and progress on the drilling for three additional modules is well underway, with Module 2 nearing 90% completion, providing essential infrastructure support for uranium extraction.
- Strategic Implications: This project will not only supply uranium-loaded resin to the Rosita Central Processing Plant but also enhance enCore's operational capabilities in South Texas, positioning the company for potential growth in the uranium market in the future.
See More
