enCore Energy - Building the Leading US ISR Uranium Producer

• Encore Energy is a TSXV-listed uranium company focused on the US market.
• The CEO, Bill Sheriff, discusses the company's strategy and use of M&A as part of its growth plan.
• They are optimistic about the uranium market's return after a decade of stagnation.
• Encore Energy is pursuing uranium production in the US, with a focus on becoming a dominant player.
• The company has raised approximately $5 million for its operations and potential future M&A activities in the uranium sector.

About enCore

EnergyenCore Energy is a uranium exploration and development company focused on becoming the leading in-situ recovery (ISR) uranium producer in the US. The company is led by CEO William Sheriff and has assembled a highly experienced technical team with expertise across the uranium fuel cycle. enCore Energy is currently advancing uranium assets in Texas and New Mexico with significant production potential.

Interview with Bill Sheriff, Exec. Chairman of uranium developer, enCore Energy Corp.

Acquiring Platform for Growth In a binding agreement

enCore Energy has acquired uranium production assets and resources from Westwater Resources, including the licensed Rosita & Kingsville Dome production plants in Texas. The deal provides enCore with a platform to build into the leading US ISR uranium producer, with minimal upfront cost. The plants provide a launching point to bring resources into production once the uranium market improves over the next 12-18 months. Refurbishing one of the plants for production is an immediate priority. Concurrently, enCore will be focused on upgrading historic resources to 43-101 standard through additional drilling.

Well Positioned for Consolidation

The Westwater transaction is envisioned as the first in a series of acquisitions to consolidate uranium production assets in the US. enCore Energy has significant experience in this strategy, having executed five acquisitions in 30 months during the last uranium bull cycle with Energy Metals. CEO Sheriff sees an opportunity for substantial consolidation in the US as the market strengthens, with the potential to create one leading ISR uranium producer. enCore is evaluating further merger and acquisition opportunities, enabled by the platform created through the Westwater deal.

Focus on Production Differentiates

enCore's focus on uranium production differentiates it from the numerous uranium juniors focused solely on exploration. The company recognizes that having licensed production plants is the key entry ticket to becoming a supplier to nuclear utilities. Production assets also provide flexibility to turn on supply faster when utility contracting accelerates. At the same time, the US has abundant uranium resources, reducing pressure for new exploration. enCore intends to remain focused on the US, leveraging the expertise of its technical team.

Advancing Towards US Dominance

The strategy is focused on developing the assets and scale required to become the dominant US ISR uranium producer, although open to consolidation if it makes strategic sense. enCore has its sights set on potential acquisitions in the pipeline that would be significantly accretive and further establish its position. The company estimates needing to raise tens of millions of dollars to finance the next leg of acquisitions. As uranium prices strengthen, enCore sees the opportunity to utilize debt financing for consolidating production assets, in addition to equity.

Conclusion

enCore Energy has a clear strategy to build a leading US ISR uranium production business through acquisitions. With its experienced team, focus on production, and pipeline of targets, enCore is positioned to execute on consolidating assets in a strengthening uranium market. The recently acquired Rosita plant provides a launchpad for near-term production potential andcashflow as the uranium cycle accelerates. For investors, enCore provides leveraged exposure to an improving uranium market through production assets and consolidation upside. Execution risks remain, but the company has the team and strategy to become a platform for dominance in US ISR uranium production.