enCore Energy (EU) Surges Amid Record Uranium Extraction Rates
An aerial shot of the uranium mines, demonstrating the company's vast mineral resources.
enCore Energy Corp. (NASDAQ:EU) engages in the acquisition, exploration, and development of uranium resource properties in the United States. The company utilizes ISR technology at its South Texas production facilities, resulting in a lower cost and environmentally friendly method of uranium extraction.
enCore Energy Corp. (NASDAQ:EU) surged this week after the company revealed record uranium extraction rates at its Alta Mesa In-Situ Recovery Uranium Central Processing Plant since commencing operations in June 2024. enCore attributes this success to the recent management changes and operational efficiencies, which have worked to expand uranium extraction and decrease costs.
enCore Energy Corp. (NASDAQ:EU) is also receiving support from the sharp uptick in the global price of uranium, which has increased by more than 12.5% over the last two weeks.
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READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and
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