EnCore Energy gains on Alta Mesa uranium project expansion

ReutersAug 18, 2025 11:53 AM

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

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