TSX.V EU  |  Last $0.15  |  Change 0.01

New Mexico: Largest Domestic Uranium Producer

  • ISR mining has far less environmental impact and is lower cost than conventional mining
  • A solution, consisting primarily of water. dissolved oxygen and carbon dioxide is injected into the ground to reverse the natural process that deposited the uranium
  • New Mexico’s Grants Uranium District has produced ~350 mm lbs of U3O8, or nearly 40% of all uranium mined in the US
  • Post-Richardson political era has improved the jurisdictional outlook and support for mining in New Mexico
  • There are more than 400 mm lbs of U3O8 mineralization remaining within the Grants Uranium District making it one of the largest uranium districts globally
  • The last mine shut down in 2002 as U3O8 market prices were <$10 per lb; several projects are being advanced towards production including Roca Honda, Churchrock and Cebolleta
  • URENCO completed construction of a $1.5 billion dollar enrichment facility, the first new facility in more than 30 years in the US
  • The US Department of Energy has spent billions on the US’s only underground nuclear waste repository located near Carlsbad (Waste Isolation Pilot Plant currently in operation)
  • Los Alamos National Laboratory is a leading nuclear waste research facility in New Mexico with a $2.2 billion dollar annual budget

ISR Project New Mexico Map

Douglas H. Underhill, PhD, CPG, enCore’s Chief Geologist, is the Qualified Person as defined under National Instrument 43-101 and has reviewed and verified the information presented throughout this enCore Energy Corp. website.

Subscribe for Updates