Latest news with #RML
Cision Canada
6 days ago
- Business
- Cision Canada
enCore Energy Receives Radioactive Materials License for Upper Spring Creek ISR Uranium Project, South Texas; Commences Construction
DALLAS, May 29, 2025 /CNW/ - enCore Energy Corp. (NASDAQ:EU| TSXV: EU) (the "Company" or "enCore"), America's Clean Energy Company TM, today announced the approval for the inclusion of the Upper Spring Creek In-Situ Recovery ("ISR") Uranium Project (the "Project") in the existing Radioactive Materials License ("RML") from the TCEQ (Texas Commission on Environmental Quality). This license allows enCore to handle radioactive materials, which includes the final product, U 3 O 8 ("uranium"). The current RML includes the Rosita Uranium Project, which has now been extended to cover the Upper Spring Creek Project's Brown Area. The RML allows the construction of wellfields and a Satellite Ion Exchange ("IX") Plant to commence, which will feed the Rosita ISR Uranium Central Processing Plant ("CPP"). These Satellite IX Plants, located adjacent to wellfields, are a key part of the satellite ISR process; they are modular, efficient, and relocatable, allowing for cost-effective uranium extraction across multiple remote sites which can be moved once a wellfield is depleted. The RML is scheduled for renewal in 2032, provided the Project's operation remains in compliance. The RML provides safety, material handling, record keeping and reporting protocols. William M. Sheriff, Executive Chairman of enCore Energy stated: "The receipt of the RML, allowing enCore to build its next remote Satellite Ion Exchange Plant and wellfield in a timely manner from application, is a testament to the efficiency of the Texas Commission on Environmental Quality. The ability to operate and issue these critical permits under authority of being an Agreement State in conjunction with the U.S. Nuclear Regulatory Commission is a clear competitive advantage for enCore. This is our third permitted facility in Texas with each of our preceding permits having been granted in 20 months or less. The Upper Spring Creek Project brings important uranium mineralization into the operations of the Company, and we look forward to recovering (capturing) increasing amounts of uranium from late this year into 2026. On behalf of the Board, I want to thank our dedicated team for bringing this project to the point of permit application and issuance. We have the utmost confidence in them completing the new construction in the coming months." enCore has commenced advancement of the Project with drill rigs moving to site to begin development of the production wellfield; enCore previously began staging equipment in anticipation of receiving this approval. Construction activities will include surface preparation, well construction, road construction and installation of support facilities and utilities. The construction of the Satellite IX Plant concrete pad is planned to start in 30 days. enCore now holds two RML's in Texas; one for the Alta Mesa ISR Uranium Project and the amended RML which now includes the Upper Spring Creek's Brown Area, Rosita and Kingsville Project areas. The TCEQ is a part of the United States Nuclear Regulatory Commission's ("NRC") Agreement State Program where Texas assumes regulatory authority over certain radioactive materials, including production of uranium. As part of the agreement, regulations adopted by Texas are required to be compatible with NRC regulations. About the Upper Spring Creek ISR Uranium Project The 100% Company-owned Project is a planned Satellite IX Plant operation for the Rosita CPP. The Project consists of several future potential production units within the historic Clay West uranium district. The Project was previously held by Signal Equities LLC, who previously licensed and permitted the property as an ISR uranium project, maintaining the aquifer exemption and ceased work following continued low uranium spot prices. In December 2020, the Company acquired the Project. The uranium mineralized sands that are associated with the project area lie within the Oakville Formation. These historic uranium producing sands stretch across an area of approximately 120 miles long by approximately 20 miles wide in South Texas. The uranium mineralized ore body at the Upper Spring Creek Project occurs at depths typically between 300 and 450 feet from surface. Rosita ISR Uranium Central Processing Plant The Rosita CPP can receive uranium-loaded resin from remote project areas across the South Texas region through a network of Satellite IX Plants. These Satellite IX Plants, located near wellfields, are a key component of the ISR uranium extraction process. A lixiviant, consisting of groundwater mixed with oxygen and sodium bicarbonate, is injected into the wellfield using ISR technology, where it dissolves uranium from the underground sandstone. The uranium-bearing solution is then pumped to the surface and directed through the IX columns at the nearby Satellite IX Plant, where uranium is absorbed onto resin beads. The uranium-loaded resin is then transported to the Rosita CPP, where the uranium is removed from the resin and processed into yellowcake. Once processed, the resin is recycled and trucked back to the Satellite IX Plants for reuse. These modular, efficient, and relocatable IX Plants allow for cost-effective operation across multiple sites without the need to construct full processing facilities at each location, and they can be relocated once a wellfield is depleted. Technical Disclosure and Qualified Person John M. Seeley, Ph.D., P.G., C.P.G., enCore's Chief Geologist, and a Qualified Person under Canadian National Instrument 43-101 and United States Securities and Exchange Commission (SEC) S-K 1300, has reviewed and approved the technical disclosure in this news release on behalf of the Company. About enCore Energy Corp. enCore Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only United States uranium company with multiple central processing plants in operation. enCore operates the 100% owned and operated Rosita CPP in South Texas and the 70/30 joint venture Alta Mesa CPP with Boss Energy Ltd., with enCore operating as the project manager. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. Following upon enCore's demonstrated success in South Texas, future projects in enCore's planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The Company holds other assets including non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments. Cautionary Note Regarding Forward Looking Statements: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws that are based on management's current expectations, assumptions, and beliefs. Forward-looking statements can often be identified by such words as "expects", "plans", "believes", "intends", "continue", "potential", "remains", and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", or "will" be taken. Forward-looking statements and information that are not statements of historical fact include, but are not limited to, any information relating to statements regarding future or potential extraction, and any other statements regarding future expectations, beliefs, goals or prospects, statements regarding the success of current and future ISR operations, including projects in our pipeline, our development plans including construction of wellfields and a satellite IX plant to feed the Rosita Project, the commencement of and timing of commencement of construction at the Project, our future extraction plans and our commitment to working with local communities and indigenous governments to create positive impact from corporate developments should be considered forward looking statements. All such forward-looking statements are not guarantees of future results and forward-looking statements are subject to important risks and uncertainties, many of which are beyond the Company's ability to control or predict, that could cause actual results to differ materially from those expressed in any forward looking statement, including those described in greater detail in our filings with the SEC and on SEDAR+, particularly those described in our Annual Report on Form 10-K, annual information from and MD&A. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with assumptions regarding project economics; discount rates; expenditures and the current cost environment; timing and schedule of the projects, general economic conditions; adverse industry events; future legislative and regulatory developments; the ability of enCore to implement its business strategies; and other risks. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation exploration and development risks, changes in commodity prices, access to skilled personnel, the results of exploration and development activities; extraction risks; uninsured risks; regulatory risks; defects in title; the availability of materials and equipment, timeliness of government approvals and unanticipated environmental impacts on operations; litigation risks; risks posed by the economic and political environments in which the Company operates and intends to operate; increased competition; assumptions regarding market trends and the expected demand and desires for the Company's products and proposed products; reliance on industry equipment manufacturers, suppliers and others; the failure to adequately protect intellectual property; the failure to adequately manage future growth; adverse market conditions, the failure to satisfy ongoing regulatory requirements and factors relating to forward looking statements listed above. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the various securities commissions which are available online at and Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Business Standard
27-05-2025
- Automotive
- Business Standard
Rane (Madras) posts over 39% YoY drop in Q4 PAT to Rs 6.5 crore
Rane (Madras) has recorded 39.4% decline in consolidated net profit to Rs 6.5 crore in Q4 FY25 from Rs 10.8 crore posted in Q4 FY24. Total revenue increased by 5.8% year-over-year (YoY) to Rs 905.3 crore during the quarter. EBITDA stood at Rs 82.8 crore for Q4 FY25 compared to Rs 72.1 crore in Q4 FY24, an increase of 14.7%. EBITDA margin was at 9.1% for Q4 FY25 as against 8.4% in Q4 FY24. EBITDA margin increased by 72 bps on account of favourable sales mix and lower other expenses. For FY25, Rane (Madras) has registered a consolidated net profit of Rs 37.6 crore (down 31.2% YoY) and total revenue of Rs 3,421.4 crore (down 2.5% YoY). The board of Rane (Madras) has recommended a dividend of Rs 10 per equity for the financial year 2024-25. Rane (Madras) (RML) is part of the Rane Group of Companies, a leading auto component group based out of Chennai. The company manufactures various automotive products, viz. steering and suspension systems, brake components, engine components, and light metal casting components. Its products serve a variety of industry segments including passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways and stationery engines. The scrip had added 0.83% to end at Rs 846.80 on the BSE today.
Yahoo
26-05-2025
- Automotive
- Yahoo
How to build and buy RML's new 900bhp, £540k monster
The P39 is RML's second model and is based on a Porsche 911 Turbo S There are few meeting rooms in the British motoring industry that Paul Dickinson hasn't graced. A real automotive lifer, he started at the Rover Group as an apprentice in 1997 then moved to Jaguar Land Rover's finance department when the company was bought by BMW. Dickinson would later go on to play a pivotal role in bringing the acclaimed LRX concept to production as the Range Rover Evoque. More recently he spent time at Bentley, where he was central to the conception and growth of the Mulliner coachbuilding division, and he was then finance boss at Group Lotus during the period when it was launching its new Chapman Bespoke division. Wellingborough-based RML Group – a lesser-known and more 'backstage' engineering operation, historically rooted in motorsport – may on the face of it seem to be a strange place for him to end up. Appointed as group CEO in June last year at around the same time as RML was acquired by a US investor, he gives a fairly concise summary of his job description. 'My remit,' he says, 'is to grow this business.' That doesn't just mean Dickinson will lean on his finance experience to swell the company coffers, though; it's more about branching out into new business areas, claiming a bigger share of its markets and becoming more of a household name. Historically, motorsport engineering was this outfit's bread and butter, and RML is best known for its race-based collaborations with the likes of Nissan and Chevrolet, scoring British Touring Car Championship titles and Le Mans 24 Hours class wins. But today racing accounts for just 10% of RML revenues, and work is well under way to diversify the firm's output and ensure it's participating in as many 'races' as possible – just not so much on the track these days. It all starts here with the P39, an untouchably exclusive, carbonfibre-bodied reworking of the Porsche 911 Turbo S, one that promises to outpace a GT3 RS on the track while remaining as usable in the real world as any factory-fresh supercar. As the second model from RML's nascent Bespoke division, it is designed with influence from the legendary 911 GT1. Its blown flat-six engine has been tickled by Litchfield to produce almost as much power as a Bugatti Veyron, the bespoke bodywork and active aero generate up to 930kg of downforce and it costs £540,000 plus the cost of your donor car. Like the Ferrari 250 GTO-inspired Short Wheelbase from a few years back, the P39 has been conceived both as a revenue generator and a technical tour de force that showcases RML's awesome engineering might, which for so long has been hidden under a bushel by the outfit's positioning as a white-label engineering and design partner to big-name OEMs. 'The whole point of the Bespoke division,' says Dickinson, 'is for us to come out of the shadows and demonstrate in the consumer world: here are our products, here is our engineering quality, here is our skill, here is our attention to detail, here is all of our motorsport heritage – applied to something relevant to you.' Then the idea is that the commercial success of these Bespoke products will help to grow the core engineering consultancy business. He adds: 'Each time we have a successful product, that reflects back on the wider RML brand.' So these creations must be not only unfathomably capable but also, crucially, achingly desirable – and doubly so in the face of intense competition from the bespoke divisions of the luxury car makers themselves. And the key to that, as demonstrated by the monstrous profit figures generated by the likes of Rolls-Royce Bespoke and Lamborghini's Ad Personam, is exclusivity and personalisation. It is here that Dickinson's experience in resurrecting Bentley's Mulliner as a coachbuilder for the new age comes into play. 'That really helped me understand how the bespoke market works,' he says. 'Mulliner is the pinnacle, but it showcases the rest of Bentley's skills. "When you brought a customer in to devise their own spec, they realised just how impressive a Bentley is before you even Mulliner-ise it.' While each of the P39s will be identical in a technical sense, then, down to the bespoke suspension links, driver-adjustable aero, 100mm widened track and 25mm lengthened wheelbase, the rest of the specification is completely at the discretion of the owner. 'Customers really appreciate uniqueness,' says Dickinson. 'There are some very wealthy people in the world, but they don't just spend money for the sake of it. They are very focused on value for money." Dickinson theorises that the experience is sometimes as important as the end product, which helps to explain why RML has invested so heavily in ensuring that the process of personalising a P39 will be truly special. When we visit, the customisation suite is still a work in progress, but already it is apparent that this will be a quite agreeable place for the 39 well-heeled owners to spend a few hours. Cabinets are topped with reams of strokable material swatches and paint sample cards to agonise over, before you have a play with the shift paddles and test out the various options for the door pulls. There's also a VR headset on hand so you can walk around a life-size digital version of your car. It allows you to see how different colours and materials change according to lighting, and you can get as comfortable with your spec as possible before pulling the trigger. I'm excited to give it a go but, allowed such dizzying freedom of expression and a hypothetical bottomless pit of money to spend on options, I find myself racked by a paralysing sense of indecision. Whiling away your lunch break on a configurator can be a relaxing exercise in escapism but, even allowing for the fact that it's all imaginary, speccing a P39 – with the boss at your side and the production line over your shoulder – feels rather more daunting. I want to do justice to RML's lovingly engineered creation and honour its performance potential by not going 'full Knightsbridge' with my virtual supercar, but this is a drop-dead silhouette that begs for some lurid adornment. So Autocar's P39 is – appropriately – bright yellow. More particularly, it's a shade that's inspired by the legendary Ruf CTR 'Yellowbird', another 911-based monster that has claimed its fair share of scalps at the Nordschleife. I don't want the interior to be so overtly decorated, but playing it safe with black feels like a missed opportunity. So I split the difference with a tasteful tan and choose a suitably technical wheel design that befits the engineering-led approach to the P39's design. Were we ordering one of the first 10 cars, our example would have come with a special 'RML 40th anniversary' trim package, complete with bespoke badging, embroidery and subtle red detailing – the precise hue of which has been the source of considerable debate among its makers. Michael Mallock, son of founder Ray Mallock and now head of the Bespoke division, says that, irrespective of the colour and trim chosen, all 39 owners of the P39 can be sure they have bought one of the most capable and technically impressive road cars on the market. 'But the key with this project,' he adds, 'and any vehicle that we do with Bespoke – previously and going forward – is that it's all usable performance. 'The main reason that the P39 has the dynamics it does is that I hate driving performance cars on the road. "We've tried to retain as much of the usability and flexibility that the 911 Turbo S has. In Normal mode it will feel quite sensible and not overly stiff, but then you can put it into Track mode and it will be capable of doing a sub-6min 45sec lap around the Nordschleife.' That duality and ease of use – unusual attributes for such a rapid and hardcore machine – underpinned the project's conception, says Mallock, which is why such rigid attention was paid to ensuring the substantial increase in performance didn't come at the expense of ride comfort or composure. RML claims that in 96.8% of road driving – referred to in hushed tones around the workshop as 'The Magic 97%' – the P39 has the same wheel rate as the Turbo S on which it is based. Does that mean P39 owners will be inclined to use their car on a daily basis rather than rush it into a hermetically sealed private collection? 'Go to Sainsbury's and do the school run?' laughs Mallock. 'I would be incredibly surprised, but I would love to see it.' The P39's use case as a supermarket shuttle is perhaps not cemented by the fact that the 911's frunk has made way for a colossal air dam, sealed away behind that one-piece carbonfibre front end, but even so this is clearly not a car that has been engineered exclusively for circuit dominance. The more P39s that do venture out in public the better, as far as RML is concerned: the expansion of the Bespoke division is all about shouting the company's name from the rooftops. The Short Wheelbase, the P39 and whatever follows on from it will play important roles in increasing the company's visibility, celebrating its engineering prowess and pitching it as real competition to the luxury car market stalwarts. If that also serves as a chance to give some exposure to the teams engineering these amazing machines, then that's a handy bonus, says Mallock: 'It's hard to publicise what you do when you can't talk about it – and it's also not great for the team that's delivering it, when they can't talk about it.' Imagine playing a pivotal role in creating a knockout supercar capable of absolutely blistering lap times, but it wears another company's badge and you've signed a non-disclosure agreement so you can't boast about your contribution. Now, with RML selling cars under its own name, you can. As for what will come next, everyone is keeping schtum – but Dickinson suggests it will slot neatly between the two existing Bespoke cars in positioning terms. He adds: 'We had the Short Wheelbase as our first product, which is in the million-and-a-half-pounds price bracket, and the P39 is in the half-a-million-pound bracket. So there's probably a space in between where we could find something that fits.' Whatever it is, though, Dickinson is clear about one thing: 'It will always be fun and interesting.' ]]>
TimesLIVE
23-05-2025
- Automotive
- TimesLIVE
RML P39 hypercar prototype makes public debut
UK-based engineering company RML Group wowed spectators at Supercar Fest The Runway 2025 with the first public appearance of its limited-run P39 40th Special Edition (40SE) prototype. The event, based around top speed and repeated full-throttle acceleration runs, is staged annually at Sywell aerodrome, near Northampton, UK. It provided the perfect opportunity for RML to flex the vehicle's muscles. Designed around the Porsche 992.1 Turbo S, the P39 40SE combines elements of Le Mans Hypercar technology with practical road capabilities. Key modifications include an increased track width at the front and rear, along with an extended wheelbase. The standard body has been replaced with a carbon fibre shell, featuring active aerodynamics such as a driver-controlled drag reduction system and a remotely adjustable chassis to boost downforce. With this set-up, the car generates 662kg of downforce at 240km/h. Under the engine lid, the twin-turbocharged six-cylinder motor has been tuned to produce 671kW and 1,000Nm of torque. RML achieved the increase in power by fitting a new ECU, upgraded turbos and intercoolers, new manifolds and catalytic converters, plus an Inconel sports exhaust. Four drive modes are offered: Normal, Sport, Sport+ and Wet. According to the company's simulations, the P39 40SE is capable of lapping the gnarly Nürburgring Nordschleife in 6:45, quicker than a base 992.1 Turbo S by 32 seconds.
Pembrokeshire Herald
15-05-2025
- Business
- Pembrokeshire Herald
Call for CCTV cameras to tackle Pembrokeshire fly tipping
Campaigners call for permit reduction instead, warning trust has been 'shredded' THE COMPANY behind Pembrokeshire's controversial Withyhedge landfill site has sparked outrage by applying to increase the volume of waste it is allowed to receive by an extra 50,000 tonnes per year. Resources Management (UK) Limited (RML), the operator of the privately-run site near Dreenhill, has submitted an application to Natural Resources Wales (NRW) seeking a formal variation to its existing environmental permit. Currently, the site is authorised to accept up to 250,000 tonnes of non-hazardous waste annually. The proposed increase would allow a further 50,000 tonnes specifically for what RML describes as a new 'waste recovery activity'. RML wants a formal variation to its existing environmental permit NRW confirmed this week that the additional material would be used solely for 'engineering and capping' purposes—namely, restoring the site using soil-based materials. According to the regulator, RML has depleted its on-site stock and now needs to import external material to continue these works. But campaigners say the timing and nature of the request are unacceptable, given the site's recent history. Colin Barnett, a founder member of the campaign group Stop the Stink, said: 'We will be taking part in NRW's consultation and will be insisting that rather than increasing the waste accepted, NRW should decrease it by 50,000 tonnes.' 'This whole saga began because they rammed waste they should not have accepted into that landfill. Until they can be trusted to manage the site professionally, the answer must be no to any increase.' Mr Barnett and others have criticised NRW and Pembrokeshire County Council for what they view as premature scaling back of oversight, after the multi-agency Incident Management Team (IMT) and Air Quality Group were both stood down earlier this year. The IMT had been established in 2023 following a major public outcry over emissions from the landfill. Residents across Haverfordwest, Merlin's Bridge and beyond complained of overpowering smells and health impacts linked to Hydrogen Sulphide (H₂S), a gas that smells like rotten eggs and can cause nausea, eye irritation and headaches. One local described the site at the time as 'a stink bomb on steroids.' Campaigners have been complaining about the landfill for years The site was temporarily closed in May 2023 and only reopened in January this year after NRW confirmed that RML had completed all required compliance works. Despite this, odour complaints have continued, including a flare-up in Haverfordwest earlier this month (May 1), prompting further public anger. PCC later stated that no landfill-related odours were detected during its investigation of those complaints, while air quality monitoring at Spittal School has reportedly shown no exceedances attributable to the site. NRW says it remains committed to unannounced inspections and that its investigation into previous breaches is ongoing. 'We recognise the high level of public interest in this landfill,' said a spokesperson. 'We will be enhancing our communications as part of the upcoming consultation. Further details will be shared in due course.' But campaigners remain sceptical, warning that trust in the operator—and in the regulators—has been 'shredded.' 'We would like to reassure residents that unlike NRW and PCC, we are still monitoring the landfill's activities closely,' said Mr Barnett. 'People's lives were turned upside down last year. You can't just forget that because the wind changes direction for a few weeks.' Have your say: Residents wishing to comment on the application can do so during NRW's public consultation, details of which are expected to be released shortly.
