enCore Energy(EU) - 2025 Q1 - Quarterly Results

Uranium Production and Sales - A total of 130,015 pounds of uranium ("U3O8") were extracted and processed at a cost of $36.11 per pound[2] - 290,000 pounds of U3O8 were delivered into sales contracts at an average price of$62.89 per pound[2] - The total cost of U3O8 sold in Q1 2025 was $18.262 million for 290,000 pounds, resulting in a cost per pound of$62.97[4] - The extracted total cost for U3O8 was $3.362 million for 73,711 pounds, leading to a cash cost of$31.26 per pound[4] - U3O8 inventory at quarter-end totaled 153,058 pounds at a cost of $40.39 per pound[2] Financial Performance - The company reported a net loss per share of$0.13, compared to $0.04 per share in Q1 2024, primarily due to increased exploration and extraction activity[2] - Cash and equivalents at the end of the quarter totaled$29.7 million, with working capital of $35.7 million[2] Future Projects and Partnerships - Future projects in the pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming[12] - The company has a joint venture with Boss Energy Ltd., holding a 70% interest in the Alta Mesa Project[11] - The company is committed to working with local communities and indigenous governments to create a positive impact from corporate developments[12]