CORPUS CHRISTI,
Texas, April 4, 2023 /CNW/ - enCore Energy
Corp. ("enCore" or the "Company") (NYSE: EU)
(TSXV: EU)) today announced that enCore's Chief Operating Officer,
Peter Luthiger, testifies today
before the Texas State House Committee on Natural Resources
regarding two bills of importance to the uranium industry. Both
bills are sponsored by Texas State Representative Ryan Guillen. Mr. Luthiger, who is also Chairman
of the Texas Mining and Reclamation Association (TMRA), testifies
both on behalf of enCore and TMRA's Uranium Mining Committee.
Bill HB 4119 would enhance the administrative
procedure for permitting in-situ recovery (ISR) of uranium by
clarifying the public's ability to participate in one fulsome and
transparent hearing. Bill HB 4120 would allow the Texas
Council on Environmental Quality (TCEQ) staff to inspect a proposed
well site using aerial or satellite imagery, or other appropriate
sources, rather than conducting an on-site visit. The bills would
make the administrative process more efficient, reduce staff time
and conserve groundwater that would otherwise be consumed in
reclamation activities during the permitting process.
enCore Energy's Chief Executive Officer,
Paul Goranson, stated "Working
together with our Texas State Representatives and the Texas Mining
and Reclamation Association is extremely important to enhance and
improve our regulatory environment. While Texas is one of the most favorable states for
in-situ recovery of uranium, we always seek ways to work together
to ensure we maintain Texas as a
leading jurisdiction. At all times enCore seeks to work to ensure
our company leads the way to provide the people of Texas and the United
States with a reliable and environmentally-responsible
source of material for nuclear energy, fueling the future."
For more information about Texas State bills HB4119 and HB4120 please
visit:
HB 4119
https://capitol.texas.gov/tlodocs/88R/billtext/html/HB04119I.htm
HB 4120
https://capitol.texas.gov/tlodocs/88R/billtext/html/HB04120I.htm
About the Texas Mining and Reclamation
Association (TMRA)
The Texas Mining and Reclamation
Association (TMRA) is a single voice for the Texas mining industry that exhibits integrity,
clarity and vision in its efforts to create balance between mineral
production, environmental protection, economic strength and public
welfare; and to inform the public, regulators and legislators of
the value of mining to the Texas
economy and lifestyle.
About enCore Energy Corp.
enCore
Energy Corp. is committed to providing clean, reliable, and
affordable domestic nuclear energy by becoming the next
United States uranium producer in
2023. enCore solely utilizes In-Situ Recovery (ISR) for uranium
extraction, a well-known and proven technology co-developed by the
leaders at enCore Energy. In-Situ Recovery extracts uranium in a
non-invasive process through the use of natural groundwater and
oxygen, coupled with a proven ion exchange process, to recover the
uranium. Uranium production is planned at enCore's licensed
and past-producing South Texas Rosita Processing Plant in 2023, and
at its licensed and past-producing South Texas Alta Mesa Processing
Plant in 2024. Future projects in enCore's production pipeline
include the Dewey-Burdock project in South Dakota and the Gas Hills project in
Wyoming, along with significant
uranium resource endowments in New
Mexico providing long-term opportunities. The enCore team is
led by industry experts with extensive knowledge and experience in
all aspects of ISR uranium operations and the nuclear fuel cycle.
enCore diligently works to realize value from other owned assets,
including our proprietary uranium database that includes technical
information from many past producing companies, from our various
non-core assets, and by leveraging our ISR expertise in researching
opportunities that support the use of this technology as applied to
other metals. enCore is also committed to working with local
communities and indigenous governments to create positive impact
from corporate developments.
Cautionary Note Regarding Forward-Looking
Statements: Certain information contained in this
news release, including: any information relating to the Company
being a leading uranium company; and any other statements regarding
future expectations, beliefs, goals or prospects; may constitute
"forward-looking information" and "forward-looking statements"
within the meaning of applicable Canadian and United States securities legislation
(collectively, "forward-looking statements"). All statements in
this news release that are not statements of historical fact
(including statements containing the words "expects", "is
expected", "does not expect", "plans", "anticipates", "does not
anticipate", "believes", "intends", "estimates", "projects",
"potential", "scheduled", "forecast", "budget" and similar
expressions or variations (including negative variations) of such
words and phrases, or statements that certain actions, events or
results "may", "could", "would", "might" or "will" be taken) should
be considered forward-looking statements. All such forward-looking
statements are subject to important risk factors and uncertainties,
many of which are beyond the companies' ability to control or
predict. Forward-looking statements necessarily involve known and
unknown risks, including, without limitation, risks associated with
general economic conditions; adverse industry events; future
legislative and regulatory developments; that results of past
mining operations at the Alta Mesa and Rosita sites are indicative
of the results of proposed mining activities at those sites; that a
production decision will result in actual production commencing and
that such production will be economically viable over time; the
ability of enCore to implement its business strategies; and other
risks. A number of important factors could cause actual results or
events to differ materially from those indicated or implied by such
forward-looking statements, including without limitation
exploration and development risks, changes in commodity prices,
access to skilled mining personnel, the results of exploration and
development activities; production risks; uninsured risks;
regulatory risks; defects in title; the availability of materials
and equipment, timeliness of government approvals and unanticipated
environmental impacts on operations; risks posed by the economic
and political environments in which the Company operates and
intends to operate; increased competition; assumptions regarding
market trends and the expected demand and desires for the Company's
products and proposed products; reliance on industry equipment
manufacturers, suppliers and others; the failure to adequately
protect intellectual property; the failure to adequately manage
future growth; adverse market conditions, the failure to satisfy
ongoing regulatory requirements and factors relating to forward
looking statements listed above which include risks as disclosed in
the companies' annual information form filings. Should one or more
of these risks materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. The Company assumes
no obligation to update the information in this communication,
except as required by law. Additional information identifying risks
and uncertainties is contained in filings by the Company with the
various securities commissions which are available online at
www.sec.gov and www.sedar.com. Forward-looking
statements are provided for the purpose of providing information
about the current expectations, beliefs and plans of management.
Such statements may not be appropriate for other purposes and
readers should not place undue reliance on these forward-looking
statements, that speak only as of the date hereof, as there
can be no assurance that the plans, intentions or expectations upon
which they are placed will occur. Such information, although
considered reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ materially from
those anticipated. Forward-looking statements contained in this
news release are expressly qualified by this cautionary
statement.
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SOURCE enCore Energy Corp.
