enCore Energy Files Dewey-Burdock S-K 1300 Technical Resource Summary

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$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].