enCore Energy Corp at 121 Mining Investment Frankfurt Conference Transcript
Thank you. This will be a little bit of a change. It's not your standard mining company. In fact, you can view our company as a water treatment company that essentially recovers uranium from contaminated aquifers, runs it through a pretty much standardized municipal water treatment plant, and we recover the uranium. Interesting to note, about 60% of the world's uranium is recovered in this manner.
In the US, we're limited to using alkaline or oxygenated water. So we pump groundwater out of the mineralized zone, add oxygen in terms of a gaseous material, and inject it back into the ground. The oxygen reverses the redux; we get the uranium going in the solution just as salt would go into a solution as saltwater. And then we pop it up, and through a resin exchange plant just like any municipal water treatment plant, re-fortify it or repeat.
We just made a major acquisition, which I'll tell you a little bit about as well, but first we'll go into the disclaimer. We'll be making forward-looking statements.
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