RE:RE:New Press Release - enCore Energy Commences Uranium Production at its Second South Texas Project "all going according to plan"
psmith: Agree.
I was going to quibble, that starting fluid flow was not necessarity same as "production". But I'm wrong, that's exactly the language Encore used in the November 30th 2023 Rosita production start announcement.
So congratulations to Encore for being able to execute on their plans, in a reasonably-tough supply (inflation) and labor market.
"The wellfield production patterns are operating, oxygenated water is now circulating through the satellite ion exchange ("IX") facility and being injected back into the uranium ore body. Oxygen addition started shortly after injection of groundwater with uranium concentrations in the production wells meeting expectations. The Company looks forward to continuing increases in uranium concentration into the satellite IX facility over the coming weeks and is anticipating its first shipment of yellowcake (uranium) to occur over the course of the next 45 to 60 days."