Milestone With The Installation Of Rosita Extension Production Area Monitoring Wells

CORPUS CHRISTI, TX - enCore Energy Corp. reported the installation and completion of all wellfield monitor wells for its Rosita Extension Production Area Authorization (PAA), located less than one mile from its Rosita In-Situ Recovery (ISR) Uranium Processing Plant in South Texas. The Rosita Extension PAA includes uranium mineralization extending approximately 3,000 feet in length.

Completion of the installation of 43 monitoring wells, including 38 perimeter and 5 overlying monitor wells, at the Rosita Extension PAA. This marks a significant milestone towards ISR uranium production at the Rosita Project as a key source of fuel for safe, clean, reliable, and carbon-free nuclear energy in the United States. The Rosita Extension PAA is the first production area planned as a new source of uranium for the Rosita ISR Uranium Processing Plant. Rosita Extension PAA is located within the existing Radioactive Materials License, Underground Injection Control Permit and Aquifer Exemption areas at the Rosita Project. Future work at the Rosita Extension PAA is now focused on the completion of five baseline wells, which in combination with the 43 monitoring wells will establish groundwater quality standards within the mineralization. The pre-production water quality standards wells are used to assure production solution controls are maintained and to establish groundwater restoration standards necessary for post-production reclamation. Following completion of baseline well testing, the installation of injection and recovery well patterns will commence.

Paul Goranson, Chief Executive Officer, said, "We are pleased to have completed the installation of the monitoring wells at the Rosita Extension PAA on budget and on schedule. The completion marks another important milestone towards our planned production in 2023 and we look forward to hitting more milestones as we progress towards uranium extraction."