enCore Energy Corp. (NASDAQ: EU) completed the first phase of construction on its Upper Spring Creek In-Situ Recovery uranium project's Satellite Remote Ion Exchange Plant, according to a company statement.

The constructed portion of the satellite facility can process 1,600 gallons per minute, representing 50% of the satellite's planned flow capacity. The company expects to reach 75% of flow capacity by the end of June and 100% capacity of 3,200 gallons per minute by the end of July.

Construction of the first production wellfield is nearing completion and will begin uranium extraction once final permits are received. Drilling activities for the first 800-gallon-per-minute module are complete, and wellfield infrastructure for this module is nearly completed.

The facility represents the largest satellite facility that enCore has built. The Upper Spring Creek project consists of a satellite ion exchange plant and wellfield that will operate with enCore's licensed Rosita Central Processing Plant.

"This milestone reflects the dedication and teamwork of everyone involved," stated William M. Sheriff, Executive Chairman. "The Upper Spring Creek Project strengthens the Company's operational capabilities by providing uranium-loaded resin feed for our fully licensed Rosita Central Processing Plant."

The company acquired the project in December 2020 from Signal Equities LLC, which had previously licensed and permitted the property as an in-situ recovery uranium project. The uranium-mineralized ore body typically occurs at depths between 300 and 450 feet below the surface.

The facility will use ion-exchange technology that involves injecting a solution of groundwater mixed with oxygen into the wellfield to dissolve uranium from underground sandstone. The uranium-bearing water is pumped to the surface and processed through the satellite plant.