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enCore Energy Announces Filing of S-K 1300 Technical Report Summaries for Key Projects in Texas and Wyoming
Prnewswire· 2025-02-27 12:00
Core Viewpoint - enCore Energy Corp. has filed Technical Report Summaries (TRS) for four key uranium projects, providing updated mineral resource estimates and preliminary economic assessments in compliance with SEC Regulation S-K 1300 [1][2]. Group 1: Project Details - The Alta Mesa Project has estimated capital costs of $25.9 million, with operating costs projected at $27.44 per pound of U3O8, and a pre-tax net cash flow estimated at $83.3 million [3][6]. - The Mesteña Grande Project has estimated capital costs of $108.1 million, with operating costs projected at $25.49 per pound of U3O8, and a pre-tax net cash flow estimated at $366.6 million [3][7]. - The South Texas Integrated Uranium Projects report indicates combined measured and indicated resources of 3,527,000 lbs. U3O8, with a pre-tax NPV of $104.3 million at an 8% discount rate [14][19]. Group 2: Mineral Resource Summaries - The Alta Mesa Project's inferred mineral resource includes 2,223.4 thousand tons at an average grade of 0.112% U3O8, totaling 5,200.5 thousand lbs. U3O8 [6][8]. - The Mesteña Grande Project's inferred mineral resource includes 5,852.8 thousand tons at an average grade of 0.119% U3O8, totaling 13,887.9 thousand lbs. U3O8 [9][10]. - The Gas Hills Project has measured and indicated resources of 7,705,000 lbs. U3O8, with inferred resources of 428,000 lbs. U3O8 [24][27]. Group 3: Economic Assessments - The economic analysis for the Alta Mesa Project assumes an 80% recovery of mineral resources, with an after-tax cash flow estimated at $64.9 million [3][5]. - The Mesteña Grande Project's economic analysis also assumes a 60% recovery of mineral resources, with an after-tax cash flow estimated at $276.5 million [7][10]. - The Gas Hills Project's PEA indicates a pre-tax NPV of $166.9 million at an 8% discount rate, with an internal rate of return of 54.8% [24][29]. Group 4: Regulatory Compliance - enCore is now reporting all mineral resources in accordance with SEC Regulation S-K 1300, aligning U.S. disclosures with global regulatory standards [2][12]. - The TRS for each project was prepared in compliance with both S-K 1300 and Canadian NI 43-101, ensuring transparency for investors [12][20]. Group 5: Company Overview - enCore Energy Corp. is focused on providing clean, reliable, and affordable fuel for nuclear energy, utilizing In-Situ Recovery (ISR) technology for uranium extraction [33][34]. - The company controls significant land and mineral rights in South Texas and is advancing multiple uranium projects, including the Dewey-Burdock project in South Dakota and the Gas Hills Project in Wyoming [34][33].
enCore Energy Corp. to Attend the Prospectors and Developers Association of Canada's Convention, March 2 - 5, 2025
Newsfile· 2025-02-19 12:00
Group 1 - enCore Energy Corp. will participate in the Prospectors & Developers Association of Canada's Convention from March 2 to March 5, 2025 [1] - The event will take place at the Metro Toronto Convention Centre [1] - Attendees can meet enCore Energy team members at Booth 3028 in the Investor's Exchange [2] Group 2 - Executive Chairman William M. Sheriff will present at the Investor's Forum in the uranium track on March 4 at 3:38 pm in room 801A [2]
enCore Energy Files Dewey-Burdock S-K 1300 Technical Resource Summary
Prnewswire· 2025-01-16 12:00
Core Viewpoint - enCore Energy Corp. has filed a new S-K 1300 Technical Report Summary for its Dewey-Burdock Project, highlighting updated mineral resources and a preliminary economic assessment that underscores the project's potential as a significant supplier of uranium for clean energy in the U.S. [1][2] Company Overview - enCore Energy Corp. is positioned as America's Clean Energy Company™, focusing on providing clean, reliable, and affordable fuel for nuclear energy, utilizing In-Situ Recovery (ISR) technology for uranium extraction [12][13]. Project Details - The Dewey-Burdock Project is an advanced-stage uranium exploration project located in South Dakota, covering over 16,000 acres, with more than 10,500 acres within the project’s permit boundary [4]. - The project has received necessary licenses and permits from the U.S. Nuclear Regulatory Commission and the U.S. Environmental Protection Agency [6]. Mineral Resource Summary - The updated mineral resource estimates include: - Measured and Indicated Resources: 17,122,147 lbs. eU3O8 (7,388,222 tons) at an average grade of 0.12% eU3O8 - Inferred Resource: 712,624 lbs. eU3O8 (645,546 tons) at an average grade of 0.06% eU3O8 [5][6]. Economic Assessment - The preliminary economic assessment (PEA) indicates robust economics with: - After-tax Net Present Value (NPV): $133.6 million using an 8% discount rate - Internal Rate of Return (IRR): 33% - Estimated total capital costs: $264.2 million over the project's life - Estimated operating cost: $23.81/lb of U3O8 [6][11]. Future Plans - The project timeline includes ongoing permitting and licensing actions expected to complete by Q3 2026, with engineering commencing in early 2026 and construction of the ISR Uranium Central Processing Plant starting in early 2027 [7][11]. - The project anticipates an annual capacity to process 1 million pounds of uranium, with over 14 million pounds expected to be recovered based on current plans [11]. ISR Technology - In-Situ Recovery (ISR) is highlighted as an eco-friendly and economically competitive method for uranium extraction, minimizing surface disturbance and streamlining the permitting process [9].
enCore Energy Announces Change in U.S. Reporting Status, Change in Auditor
Prnewswire· 2024-11-27 12:00
Core Points - enCore Energy Corp. will change its reporting status from a foreign filer to a U.S. domestic filer effective January 1, 2025, and will begin filing annual and quarterly reports on Form 10-K and Form 10-Q respectively, starting with the Form 10-K for the financial year ending December 31, 2024 [1] - KPMG LLP has been appointed as the new auditor for enCore Energy Corp., a decision approved by the Board of Directors to support the transition to a U.S. domestic filer while ensuring high standards of transparency and corporate governance [2] - The transition to KPMG was reviewed by the Audit Committee and complies with regulatory guidelines, with no disagreements reported between enCore and the previous auditor, Davidson & Company LLP [3][4] Company Overview - enCore Energy Corp. is positioned as America's Clean Energy Company™, focusing on providing clean, reliable, and affordable fuel for nuclear energy, being the only U.S. uranium company with multiple Central Processing Plants in operation [5] - The company utilizes In-Situ Recovery (ISR) for uranium extraction, a proven technology co-developed by its leadership [5] - Future projects include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, alongside other non-core assets and proprietary databases [6]
enCore Energy Corp. To Attend the 50th Annual New Orleans Investment Conference
Newsfile· 2024-11-19 12:00
Company Overview - enCore Energy Corp. is a uranium producer and is recognized as America's Clean Energy Company™, focusing on providing clean, reliable, and affordable fuel for nuclear energy [2][3] - The company is the only uranium producer in the United States with multiple production facilities in operation, utilizing In-Situ Recovery (ISR) for uranium extraction, a proven technology co-developed by its leadership team [2][3] Production and Future Projects - enCore has demonstrated production success in South Texas and has future projects in its production pipeline, including the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming [3] - The company also holds additional assets, including resources in New Mexico and non-core assets, along with proprietary databases [3] Upcoming Events - enCore will participate in the New Orleans Investment Conference, presenting at 10:55 am CT on November 22nd at the Hilton New Orleans Riverside [1][4]
enCore Energy(EU) - 2024 Q3 - Quarterly Report
2024-11-14 12:00
Exhibit 99.1 Unaudited Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2024 (In United States Dollars) enCore Energy Corp. Condensed Interim Consolidated Statements of Financial Position Unaudited – Prepared by Management As at September 30, 2024 and December 31, 2023 (In USD unless otherwise noted) | | | September 30, | December 31, | | --- | --- | --- | --- | | | | 2024 | 2023 | | | Note | $ | $ | | Assets | | | | | Current assets | | | | | Cash | | 46 ...
enCore Energy Continues to Expand Uranium Production at the Alta Mesa Plant
Prnewswire· 2024-10-24 11:00
NASDAQ:EUTSXV:EUwww.encoreuranium.com DALLAS, Oct. 24, 2024 /PRNewswire/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), a uranium producer and America's Clean Energy Company™, today provided an update on the production ramp up at its South Texas Alta Mesa In-Situ Recovery ("ISR") Uranium Central Processing Plant ("Alta Mesa CPP") and Wellfield. The Company has achieved an important milestone in the expansion of production and is now nearing flow capacity at the first of Alta Mesa ...
enCore Energy Releases Inaugural Sustainability Report
Prnewswire· 2024-10-21 11:00
NASDAQ:EUTSXV:EUwww.encoreuranium.com DALLAS, Oct. 21, 2024 /PRNewswire/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), a uranium producer and America's Clean Energy Company™, today announced the completion and release of its inaugural Sustainability Report (the "Report"). The Sustainability Report, completed with support from Stantec Inc.'s ESG advisory team, includes the Company's achievements for 2023 and plans for 2024 to 2026, and is available on the Company website at https ...
enCore Energy Appoints Ms. Stacy Nieuwoudt to the Board of Directors
Prnewswire· 2024-10-17 11:00
NASDAQ:EU TSXV:EU www.encoreuranium.com DALLAS, Oct. 17, 2024 /PRNewswire/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), a uranium producer and America's Clean Energy Company™, announced today the appointment of Ms. Stacy Nieuwoudt as a Director of the Board for enCore Energy Corp. Ms. Nieuwoudt will also serve on the Audit Committee and the Compensation Committee. Ms. Stacy Nieuwoudt, Director Ms. Nieuwoudt brings more than 20 years of energy and industrial sectors experience t ...
enCore Energy Continues to Advance Dewey-Burdock Project Permitting & Licensing
Prnewswire· 2024-09-12 11:00
NASDAQ:EU TSXV:EU www.encoreuranium.com DALLAS, Sept. 12, 2024 /PRNewswire/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), a uranium producer, today provides an update on the regulatory progress for the Company's 100% owned Dewey-Burdock In-Situ Recovery ("ISR") Uranium Project located near Edgemont, South Dakota. The Dewey-Burdock Project has received its Source Material License from the U.S. Nuclear Regulatory Commission ("NRC"), its Aquifer Exemption and its Class III and V Un ...