Wedoany.com Report-Aug. 24, enCore Energy, a U.S.-based uranium company, has acquired a 5,900-acre parcel of private land, known as the Tacubaya property, adjacent to its Alta Mesa uranium project in Texas. The acquisition, announced recently, is strategically located next to the project’s well fields and central processing plant (CPP), aiming to provide additional uranium feed and extend the project’s operational life.

Additional exploration including a 200-hole drilling programme is planned to fully explore and delineate the uranium mineralisation.

The Alta Mesa project is a joint venture, with enCore Energy holding a 70% stake and Boss Energy owning 30%. The Tacubaya property includes mineral and surface leases from private parties, featuring uranium mineralization in roll fronts within the Goliad Formation, consistent with the Alta Mesa project. To explore and define this mineralization, enCore plans a 200-hole drilling program starting in October 2025 with two rigs, with plans to add two more as exploration progresses.

The Alta Mesa project, spanning over 200,000 acres of private land, includes a fully licensed in situ recovery (ISR) CPP and well field. The CPP has an annual capacity of 1.5 million pounds of uranium, with an additional drying capacity of 500,000 pounds. Using ISR technology, the project extracts uranium non-invasively with natural groundwater and oxygen. Ongoing wellfield expansion and continuous oxygenated water circulation feed into the CPP’s primary pipelines, with extraction expected to increase steadily through 2025 and beyond.

“On behalf of the Board, I extend our congratulations to our land department, which worked for many months to assemble this strategic land acquisition that significantly expands the Alta Mesa Uranium Project,” said William M. Sheriff, enCore Energy’s executive chairman. “The compelling geology and location, immediately adjacent to, and on-trend with, our active and past well fields make this a key acquisition for enCore. We will begin an aggressive exploration programme, following up on mineralisation discovered by Chevron in the late 1970s, which lies along projected trends extending from several of the well fields at Alta Mesa.”

In May, enCore received approval from the Texas Commission on Environmental Quality for the Upper Spring Creek ISR uranium project in southern Texas, under its existing radioactive materials license. This allows the company to manage uranium within the project’s Brown Area. The Tacubaya acquisition strengthens enCore’s position in Texas, supporting its goal to expand uranium production and contribute to the region’s energy sector through sustainable extraction methods.