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    AZZ   CA05477Y1088

AZARGA URANIUM CORP.

(AZZ)
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EnCore Energy Advances Development at the South Texas Rosita Uranium Processing Plant

11/23/2021 | 07:20am EST

enCore Energy Corp. and Azarga Uranium Corp. to provide an update on enCore's modernization activities at the Rosita Central Processing Plant ("Rosita") in South Texas expected to be complete in Q2/2022. enCore has also continued to advance its Texas asset acquisition strategy focused on established, previously permitted, projects with known mineralization to augment enCore's existing pipeline of projects in proximity to Rosita. Confirmation and development drilling has commenced at the newly acquired Rosita Extension, much of which lies within the existing permit area. This development will provide mineral interpretation and resources for wellfield design in keeping with planned commencement of production activities in 2023. projects from the shareholder approved acquisition of Azarga Uranium, enCore is well on its way to being America's premier ISR uranium producer." Rosita Central Processing Plant The Rosita Central Processing Plant modernization commenced in July 2021 with a projected budget of less than US$1 million. Work activities are now 50% complete, on schedule and on budget. Recent major equipment work includes the yellowcake filter press relocation and installation, completion of the ion exchange resin elution and the yellowcake dryer circuits. Rosita Extension Confirmation and Development Drilling A 50-hole confirmation and development drilling program is presently underway at the extension of the previous Rosita wellfields (the "Rosita Extension"). The Rosita Extension was first explored by Mobil Oil Corporation who drilled over 800 holes to depths of up to 400 feet prior to 1984. Subsequent operators completed additional exploration drill holes confirming mineralized trends.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2020 - - -
Net income 2020 -2,14 M - -
Net cash 2020 2,22 M - -
P/E ratio 2020 -21,9x
Yield 2020 -
Capitalization 141 M 144 M -
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 6
Free-Float 82,3%
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Income Statement Evolution
Managers and Directors
Blake Steele President & Chief Executive Officer
Daniel OĺBrien Chief Financial Officer
Glenn J. Catchpole Non-Executive Chairman
John M. Mays Chief Operating Officer
Matthew O'Kane Independent Non-Executive Director
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