enCore Energy Corp. (“enCore” or the “Company”) (NYSE American:EU) (TSXV:EU) announced today the release of its first Annual Report, now available on its website at https://encoreuranium.com/
enCore has made solid progress to work towards 2023 domestic uranium production as essential fuel for clean, reliable and secure energy in the United States.
This year’s Annual Report focuses on the Company’s objectives, business plan, the nuclear industry, and the fast-paced progress the Company has made throughout 2022 and into 2023.
enCore is focused on becoming the leading domestic producer of uranium in the United States. The Company will utilize the proven in-situ recovery technology (ISR) to provide fuel for the generation of clean, reliable and carbon-free energy.
enCore’s goal is to establish an annual production rate of 3 million pounds U3O8 per year by the end of 2026 and 5 million pounds U3O8 per year by the end of 2028.
About enCore Energy Corp.
enCore Energy Corp., America’s Clean Energy Company™, is committed to providing clean, reliable, and affordable domestic nuclear energy by becoming the next United States uranium producer in 2023. enCore solely utilizes In-Situ Recovery (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 non-invasive process using natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium.
Uranium production is planned at enCore’s licensed and past-producing South Texas Rosita Processing Plant in 2023, and at its licensed and past-producing South Texas Alta Mesa Processing Plant in 2024.
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.
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 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.
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