EnCore Energy gains on Alta Mesa uranium project expansion

enCore Energy

18/08/2025 12:53

** Shares of uranium company enCore Energy EU.O up 1.8% at $2.79 premarket

** Company says it has acquired 5,900 acres of private land in Tacubaya, adjacent to, and east of, its Alta Mesa uranium project

** It is expected to provide additional feed and longevity for the Alta Mesa in-situ recovery uranium central processing plant

** Initial exploration will start with 200 drill holes across two key areas, using four rigs by year-end - company

** The acquisition is a part of the Alta Mesa uranium project joint venture between enCore Energy and Boss Energy

** As of last close, enCore shares down ~20% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))