America’s Clean Energy Company™

Committed to providing fuel for nuclear energy for the United States.
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enCore Energy Corp., America’s Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the newest uranium producer in the United States. Uranium production commenced at enCore’s licensed and past-producing South Texas Rosita Central In-Situ Recovery (“ISR”) Uranium Processing Plant (“CPP”) in November 2023 with work underway for a planned 2024 restart of uranium production at its licensed and past-producing South Texas Alta Mesa CPP. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. In-Situ Recovery extracts uranium in a wellfield using natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium.

Future projects in enCore’s production pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, along with significant uranium resource endowments in New Mexico providing long term opportunities. enCore diligently works to realize value from other owned assets, including our proprietary uranium database that includes technical information from many past producing companies, from our various non-core assets, and by leveraging our ISR expertise in researching opportunities that support the use of this technology as applied to other metals. enCore is also committed to working with local communities and indigenous governments to create positive impact from corporate developments.

ABOUT ENCORE ENERGY

A Proven Track Record in
the Uranium Sector

Clear Focus on Production

2023 South Texas Rosita CPP Production, Alta Mesa CPP Production in 2024 with 3 Permitted and Constructed In-Situ Recovery Uranium  Central Processing Plants (CPP)

Significant Resources

NI43-101 compliant resources are listed below: Total indicated Mineral Resources 74.42 million pounds U3O8 Total Inferred Mineral Resources 26.47 million pounds U3O8 (does not include historic resources of 59.30 million pounds U3O8)2

In-Situ Recovery Technology

Proven economical and environmentally responsible uranium extraction

Industry Leading Experts

Leading expertise in financing, development, production and reclamation

Uranium Sales Strategy

Supported by 4 sales contracts while preserving exposure to market

Non-Core Asset Strategy

While investing in PFN technology and benefitting from exclusive mineral databases

Perfectly positioned for long-term growth.

enCore’s production opportunities are created from our licensed and past-producing South Texas Rosita ISR Central Processing Plant (CPP) and Alta Mesa Central Processing Plant (CPP) with plans to expand feed from multiple satellite projects. The changing global uranium supply/demand outlook combined with a need for the expansion of nuclear energy provides opportunities for enCore’s growth. Our advanced staged Dewey Burdock project and the Gas Hills project add to the large uranium resource endowments in New Mexico, creating an outstanding asset base for long term growth and development opportunities.

TEXAS

Rosita & South Texas Facilities

Designed to process up to 3.6 mm pounds per year. Production plans for 2023 at the Rosita CPP (with multiple satellite feed sources) and 2024 at the Alta Mesa CPP

SOUTH DAKOTA

Dewey-Burdock Project

The 100% owned Dewey-Burdock Uranium Project is located in South Dakota’s Edgemont Uranium District.

WYOMING

Gas Hills Project

The 100% owned project is located in the historic Gas Hills uranium district situated 45 miles east of Riverton, Wyoming.

NEW MEXICO

Crownpoint & Hosta Butte Project

Large sandstone-hosted uranium deposits with potential for low cost In-Situ Recovery (ISR) extraction.

OUR FOCUS

In-Situ Recovery (ISR)
Technology

enCore Energy and its team of industry experts are focused on advancing In-Situ Recovery (‘ISR’) uranium operations. ISR technology will be utilized at the Company’s Texas production facilities, resulting in a lower cost and environmentally friendly method of uranium extraction.

THE FUTURE

The Benefits of Nuclear

Nuclear power—the nation’s largest source of carbon-free electricity—is an essential part of the U.S. clean energy portfolio. Nuclear generates nearly 20 percent of U.S. electricity and nearly 55 percent of our emissions-free generation, more than all other sources combined.

DECARBONIZATION

CLEAN AIR
ENERGY

MINIMAL
SURFACE
DISRUPTION

MINIMAL WATER
USE & IMPACT

In-Situ Recovery.
The lower cost and environmentally friendly
method of uranium extraction.

2024 TSXV Top 50

KNOWLEDGE BASE

The Latest News

1 Mineral resource estimates are based on technical reports prepared pursuant to NI 43-101 and available on SEDAR as well as company website at www.encoreuranium.com

2 A Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as a current mineral resource. Additional work will be required to verify and update historical estimates, including a review of assumptions, parameters, methods and testing. Historical estimates do not use the current mineral resources categories prescribed under NI 43-101. enCore is not treating the historical estimate as a current mineral resource and it should not be relied upon.