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Encore Energy Completes Alta Mesa Acquisition; 3Rd Licensed In-Situ Recovery Uranium Plant In South Texas

Feb 15, 2023•almost 3 years ago

Acquiring Company

enCore Energy

Acquired Company

Alta Mesa

Corpus ChristiEnergy

Description

enCore Energy Corp. ("enCore" or the "Company") (NYSE American: EU) (TSXV: EU) is pleased to announce the closing of the acquisition of the Alta Mesa In-Situ Recovery uranium project from Energy Fuels Inc. (the "Alta Mesa Acquisition"). The transaction provides enCore with three licensed uranium in-situ recovery (ISR) processing plants and positions enCore as a leading US-focused ISR uranium company with the proven management expertise required to advance multiple production opportunities within its portfolio.

Company Information

Company

enCore Energy

Location

Corpus Christi, Texas, United States

About

enCore Energy Corp. is a U.S.-based clean energy company focused on providing reliable and affordable domestic nuclear power through In-Situ Recovery (ISR) uranium production. Utilizing a proven, environmentally responsible extraction process that uses natural groundwater and oxygen, enCore plans production at its licensed, past-producing Rosita Processing Plant in 2023 and Alta Mesa Processing Plant in 2024. With additional projects in South Dakota, Wyoming, and New Mexico, the company is led by industry veterans with deep ISR and nuclear fuel cycle expertise, committed to responsible resource development and positive community engagement.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed