enCore Energy

enCore Energy Corp. (NASDAQ: EU, TSX.V: EU) is a leading U.S.-focused uranium company dedicated to providing reliable, domestically sourced uranium for clean energy production. With a strong portfolio of past-producing and development-stage assets, enCore is at the forefront of America’s nuclear energy renaissance. The company utilizes In-Situ Recovery (ISR) technology, an environmentally responsible and cost-effective method for uranium extraction, ensuring minimal surface disturbance and reduced environmental impact.

enCore operates a fully licensed uranium processing infrastructure, including the Rosita and Alta Mesa ISR uranium plants in South Texas, positioning the company for scalable production growth. With a strategic vision to establish a processing rate of 3 million pounds of U3O8 annually by 2026 and 5 million pounds by 2028, enCore is poised to become a major supplier in the U.S. uranium market.

Backed by an experienced management team with extensive expertise in uranium mining, processing, and regulatory compliance, enCore Energy is committed to securing America’s energy independence by supplying nuclear fuel for a carbon-free future.

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As global demand for clean, sustainable energy continues to grow, enCore Energy offers a compelling investment opportunity in the U.S. uranium sector. The company is positioned to benefit from increasing domestic uranium demand, driven by bipartisan government support for nuclear energy, strategic stockpiling initiatives, and rising geopolitical concerns surrounding foreign uranium supply chains.

enCore’s advanced-stage projects in Texas and Wyoming provide a near-term pathway to production, with fully licensed processing facilities and a proven ISR extraction method that offers economic advantages over conventional mining. The company has secured multiple long-term uranium sales agreements with U.S. utilities, ensuring revenue stability while maintaining exposure to spot market pricing.

With an industry-leading asset base, a clear production growth strategy, and a focus on sustainability, enCore Energy is set to play a key role in strengthening America’s nuclear energy infrastructure while delivering long-term value to investors.

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enCore Energy Corp. is led by a highly experienced management team with a deep background in uranium mining, processing, and regulatory compliance. The leadership team has a proven track record of advancing ISR uranium projects from exploration to production, ensuring enCore’s success in becoming a leading U.S. uranium supplier.

William M. Sheriff, MSc – Founder & Executive Chairman
A pioneer in uranium exploration and development, Mr. Sheriff co-founded Energy Metals Corp., which was acquired for $1.8 billion. He has over 40 years of experience in resource development, capital markets, and M&A, having raised over $500 million in the public markets.

Paul Goranson, MSc, PE – Director & Chief Executive Officer
A veteran of the uranium industry, Mr. Goranson has over 30 years of experience in mining, processing, and regulatory affairs, with leadership roles at Energy Fuels, Cameco Resources, and Uranerz Energy Corp. He specializes in ISR uranium recovery and has played a key role in developing multiple production facilities across the U.S.

Shona Wilson – Chief Financial Officer
With over 20 years of financial and operational experience in the energy sector, Ms. Wilson leads enCore’s financial strategy, overseeing capital allocation, risk management, and financial reporting.

Peter Luthiger – Chief Operating Officer
A seasoned ISR uranium expert, Mr. Luthiger has over 35 years of experience in uranium production, processing, and environmental management, having overseen major ISR operations in the U.S.

Supported by a Board of Directors with extensive experience in mining, finance, and sustainability, enCore Energy’s leadership team is well-positioned to drive the company’s growth while maintaining a commitment to responsible uranium production.

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enCore Energy Corp. is executing a strategic plan focused on expanding its U.S. uranium production capacity while maintaining environmental responsibility and operational efficiency. The company is leveraging its existing fully licensed ISR processing plants to ramp up production, with a target of reaching 3 million pounds of U3O8 per year by 2026 and 5 million pounds by 2028.

Key components of enCore’s growth strategy include:

Near-Term Production Expansion – enCore has begun uranium processing at the Rosita and Alta Mesa ISR facilities in Texas, with plans to expand operations further. The company’s fully licensed plants provide a cost-effective pathway to increase uranium output.

Strategic Acquisitions & Project Development – enCore is advancing multiple ISR projects across Texas, Wyoming, and New Mexico, with a focus on increasing its resource base and securing long-term production scalability.

Infrastructure & Capital Efficiency – The company benefits from inherited infrastructure at its production sites, significantly reducing capital expenditures compared to greenfield projects. This allows enCore to allocate resources efficiently while accelerating production timelines.

Sustainable & Responsible Mining – enCore is committed to environmental stewardship, utilizing ISR technology to minimize surface disturbance and water usage. The company is also investing in new technologies, such as Prompt Fission Neutron (PFN) technology, to enhance uranium extraction efficiency.

Market-Driven Sales Strategy – enCore has secured multiple long-term uranium sales contracts with major U.S. utilities while maintaining flexibility to capitalize on rising spot market prices.

Through this disciplined approach, enCore Energy is positioning itself as a key domestic uranium producer, ensuring reliable supply for the growing nuclear energy sector while delivering long-term value to stakeholders.

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enCore Energy Corp. is well-positioned financially, with a strong asset base, a scalable production model, and a disciplined approach to capital management. The company benefits from fully licensed processing infrastructure and a low-cost ISR uranium extraction process, reducing the need for significant upfront capital expenditures.

As of 2024, enCore maintains a market capitalization of approximately $700 million USD, with a solid balance sheet that includes $46 million in cash and $21 million in marketable securities. The company also holds 157,000 pounds of uranium at a conversion facility and an additional 63,000 pounds awaiting shipment, providing strong financial flexibility.

The company’s ongoing production ramp-up is expected to generate substantial cash flow as uranium sales agreements come into effect. With multiple long-term contracts secured with U.S. nuclear utilities and significant exposure to spot market pricing, enCore is strategically positioned to maximize revenue in a rising uranium price environment.

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enCore Energy Corp. is positioned as a leader in the U.S. uranium sector, providing a reliable, domestic supply of nuclear fuel to meet the growing demand for clean, carbon-free energy. With fully licensed ISR uranium processing facilities, a robust production growth strategy, and multiple long-term sales agreements with U.S. utilities, enCore offers a compelling investment opportunity in the nuclear energy space.

Backed by a highly experienced management team, enCore is executing a disciplined strategy to expand production while maintaining a strong financial position and commitment to environmental stewardship. The company’s low-cost, efficient ISR mining process ensures minimal environmental impact while maximizing economic returns, reinforcing its role as a sustainable energy supplier.

As the global energy transition accelerates and governments prioritize secure, domestic uranium sources, enCore Energy is uniquely positioned to capitalize on increasing market demand and favorable regulatory tailwinds. With a clear path to achieving 3 million pounds of annual uranium production by 2026 and 5 million pounds by 2028, enCore is set to become a cornerstone of America’s nuclear energy future.

For investors seeking exposure to a scalable, de-risked uranium producer with significant growth potential, enCore Energy represents a strategic, long-term opportunity in one of the world’s most critical energy markets.

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