Core Viewpoint - enCore Energy Corp. has announced the acquisition of a 5,900-acre parcel of land named Tacubaya, which is adjacent to its existing Alta Mesa Uranium Project, aimed at enhancing the project's longevity and feed supply [1][2]. Group 1: Acquisition Details - The Tacubaya acquisition significantly expands the Alta Mesa Uranium Project, leveraging compelling geology and location [2]. - Historical mineralization discovered by Chevron in the late 1970s will be explored further, with an aggressive exploration program planned [2][5]. - The acquisition includes mineral and surface leases, and is part of a joint venture where enCore holds a 70% stake and Boss Energy Ltd. holds 30% [5]. Group 2: Project Overview - The Alta Mesa Uranium Project operates a fully licensed ISR Central Processing Plant with a total capacity of 1.5 million pounds of uranium per year, plus an additional drying capacity of 0.5 million pounds [4]. - The project utilizes In-Situ Recovery (ISR) technology, which is a non-invasive method for uranium extraction using natural groundwater and oxygen [5]. - Historical production at the Alta Mesa CPP reached nearly 5 million pounds of uranium from 2005 to 2013 before being curtailed due to low prices [6]. Group 3: Future Plans - Initial exploration on Tacubaya will include a 200-hole drilling program, starting in October 2025, with multiple rigs deployed [5]. - The exploration aims to delineate uranium mineralization and project the continuation of productive roll fronts from existing wellfields [5].

Core Insights - enCore Energy Corp. reported its financial and operational results for the six months ended June 30, 2025, highlighting significant operational improvements and financial metrics [1][5]. Financial Performance - For the three months ended June 30, 2025, the company recorded a net loss per share of $(0.03), an improvement from $(0.12) in the same period of 2024 [5]. - The weighted average cost of U3O8 sold was $59.42 per pound, down from $100.71 per pound in the same period of 2024 [5]. - The closing cash and equivalent balance was $26.9 million, with working capital of $30.2 million [5]. Operational Updates - The company extracted 203,798 pounds of U3O8 in Q2 2025, representing an increase of 79% from the first quarter of 2025 [5]. - Daily production averaged 2,678 pounds in June 2025, up from 2,103 pounds in May and 1,942 pounds in April 2025 [5]. - The company delivered 350,000 pounds of U3O8 into sales contracts at an average price of $62.58 per pound [5]. Inventory and Costs - The closing balance of U3O8 inventory was 244,204 pounds at a cost of $39.63 per pound [5]. - Total costs of U3O8 sold in Q2 2025 amounted to $20,796, with a cost per pound of $59.42 [4]. Project Developments - The Alta Mesa ISR Uranium Project continues to expand, with the addition of 75 wells during the second quarter [5]. - The company made important permitting progress by including the Upper Spring Creek ISR Uranium Project in the existing Radioactive Materials License from the Texas Commission on Environmental Quality [5]. - Construction activities for the wellfields and a Satellite Ion Exchange Plant commenced during the quarter [5]. Future Outlook - The company plans to increase the number of drill rigs operating to 30 in the third quarter of 2025 [5]. - Future projects in the pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming [17].