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
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.