enCore Energy completed the acquisition of the Alta Mesa ISR Project of Energy Fuels for $120m.

enCore Energy, an ISR uranium company, completed the acquisition of the Alta Mesa ISR Project of Energy Fuels, a producer of both uranium and vanadium, for $120m. “This transaction exceeds enCore’s long stated requirement for any major acquisition to be accretive to shareholders in not only production capacity but also cost and timelines to production and an asset we secure at a compelling valuation. In addition, this acquisition further cements enCore’s commitment to near-term US-based uranium production with our initial focus on South Texas. Alta Mesa will immediately become a flagship asset amongst our large project portfolio, including our licensed and past-producing Rosita ISR production plant in South Texas, our development-stage Dewey-Burdock and Gas Hills projects in South Dakota and Wyoming, respectively, along with a large resource portfolio in New Mexico. enCore is committed to developing a reliable domestic source of energy,” William M. Sheriff, enCore Chairman.