The deal gives enCore three of only 11 licensed production facilities in the United States.

Mine and mill are expected to produce up to 2 million pounds (100% basis) of uranium concentrate in 2022.

Ranking is topped by a polymetallic mine in Russia’s arctic boasting ore with a value of nearly $900 billion at today’s prices.

Pending the new contracts’ finalization, the total volume of uranium successfully contracted since the beginning of 2022 is expected to be about 77 million lb.

The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear power plants.

Company is seeking to boost the capacity of its alternative shipping route which bypasses Russia to mitigate risks from potential sanctions.

Langer Heinrich uranium mine in Namibia to restart by the first quarter of 2023.

Without a reliable source of the high assay low enriched uranium (HALEU) the reactors need, developers worry they won't receive orders for their plants.