enCore Energy Corp., America’s Clean Energy Company™, is committed to providing clean, reliable, and affordable domestic nuclear energy as the newest uranium producer in the United States. Uranium production commenced at enCore’s licensed and past-producing South Texas Rosita Central In-Situ Recovery (“ISR”) Uranium Processing Plant (“CPP”) in November 2023 with work underway for a planned 2024 restart of uranium production at its licensed and past-producing South Texas Alta Mesa CPP.
South Texas Rosita Central In-Situ Recovery (“ISR”) Uranium Processing Plant
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. In-Situ Recovery extracts uranium in a wellfield using natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium.
Future projects in enCore’s production pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, along with significant uranium resource endowments in New Mexico providing long term opportunities. enCore diligently works to realize value from other owned assets, including our proprietary uranium database that includes technical information from many past producing companies, from our various non-core assets, and by leveraging our ISR expertise in researching opportunities that support the use of this technology as applied to other metals. enCore is also committed to working with local communities and indigenous governments to create positive impact from corporate developments.
enCore Energy: America’s Clean Energy Company:
- Reliable, responsible domestic uranium production in 2023
- In-Situ Recovery: Uranium Extraction process with proven economic advantages and minimal environmental impact
- Uranium Sales Strategy Supported by four uranium sales agreements while preserving exposure to the market.
- South Texas Focus: Rosita,
- CPP now producing, Alta Mesa planned 2024 production,
- Licensed and constructed for 2023 & 2024 production with 3.6 million pounds capacity
Industry-Leading Experts: Experienced management in ISR uranium development, production and sales
Advanced Assets in US.
Production Pipeline:
- 74.42 Mlbs - M&I category;
- 26.47 Mlbs - Inferred category; and
- 59.30 Mlbs - Historic category
Other Assets & Investments:
- M&A strategy;
- non-core asset strategy;
- investing in new technology;
- exclusive database access.
A joint venture on Alta Mesa with enCore holding a 70% joint venture interest and remaining the project manager, and Boss Energy holding a 30% joint venture interest in exchange for a payment of US$60 million to enCore.
- Collaboration Agreement on the use and joint technological advancement of enCore’s proprietary PFN technology;
- US$10 million private placement at a price of US$3.90 per share;
- A loan from Boss Energy to enCore of up to 200,000 pounds of physical uranium at commercial rates from Boss Energy’s strategic stockpile, allowing enCore the flexibility to optimize its contracts and potential spot sales.
The uranium-to-power plant pipeline:
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