Operating (as of Q2/2024) • Steady-state production
Overview
Country
United States
Region
Texas
Current status
Operating (as of Q2/2024)
5 projects in this company presentation
Report date 2026-04-01
enCore Energy Corp. • EU.V • 5 projects
Permit status
Fully licensed
Ownership
70.0%
Mine type
ISR (In-Situ Recovery)
Classification
Project stage
Producer
Substage
Steady-state production
Active milestone
Production
Completed milestones
Permits & Agreements
Resources
Measured + indicated
2.6 Mlb
M&I grade
1,450.0 ppm
Inferred
5.2 Mlb
Inferred grade
1,120.0 ppm
Total resources
7.8 Mlb
Endowment
Core endowment
2.6 Mlb
Core ownership
70.0%
Grade
1,450.0 ppm
Financials
Production rate
1.0
Notes
Highlights
Commenced operations Q2/2024. 70/30 JV with Boss Energy Limited. Plant constructed for 1.5M lbs U3O8/yr plus 0.5M lbs from satellite IX plants (total 2M lbs design), currently configured for 1M lbs/yr. Located on ~200,000 acres in South Texas uranium belt. Ongoing expansion and exploration.
Country attractiveness
Well established and mature regulatory environment in a well-known energy producing State.
Resource context
Resources reported under S-K 1300. No reserves stated.
Permit context
Fully licensed CPP. Ongoing permitting for new wellfields.
Technical context
ISR extraction, proprietary PFN technology collaboration with Boss Energy.
Recent achievements
270 new production wells turned on in 2025. Wellfield 7 producing. Wellfield 3 Extension and Wellfield 8 in development.
Work ongoing
Wellfield development, drilling, permitting, and expansion.
Next steps
Bringing Wellfield 3 Extension online (pending permit), ongoing drilling and expansion, further exploration at Alta Mesa East.
Resource extension potential
Yes, further exploration at Alta Mesa East and underlying/overlying sandstones.
Dewey Burdock
Developing ProjectUnited States
Permitting/Engineering (FAST-41, NRC/EPA/Aquifer Exemption approved, state permitting expected by end 2027) • PFS
Overview
Country
United States
Region
South Dakota
Current status
Permitting/Engineering (FAST-41, NRC/EPA/Aquifer Exemption approved, state permitting expected by end 2027)
Permit status
NRC license (timely renewal), EPA and Aquifer Exemption approved, state permitting ongoing
Mine type
ISR (planned)
Classification
Project stage
Developer
Substage
PFS
Active milestone
Permits & Agreements
Resources
Measured + indicated
17.1 Mlb
M&I grade
1,200.0 ppm
Inferred
0.7 Mlb
Inferred grade
600.0 ppm
Total resources
17.8 Mlb
Endowment
Core endowment
17.1 Mlb
Grade
1,200.0 ppm
Financials
Production rate
0.8
Total production
14.1 Mlb
Life of mine
28.0 years
Uranium price used
$86.34/lb
Post-tax NPV8
$134M
Post-tax IRR
33.0%
Capex
$264M
Cash costs
$23.81/lb
Notes
Highlights
16,960 acres mineral rights, 12,610 acres surface rights. 28-year mine life (incl. 2-year ramp-up). Annual production 750 Klbs/yr. LOM production 14.1 Mlbs.
Country attractiveness
FAST-41 permitting, U.S. government fast track.
Resource context
Resources reported under S-K 1300. No reserves stated.
Permit context
NRC, EPA, Aquifer Exemption approved. State permitting ongoing.
Exploration project to support Alta Mesa CPP. 52 miles of REDOX-front identified, only 5 miles explored. Oakville and Goliad Formations.
Country attractiveness
Located in prolific South Texas uranium district.
Resource context
Inferred resources only as of 2024.
Technical context
ISR amenable geology.
Work ongoing
Exploration drilling.
Next steps
Further exploration and drilling.
Resource extension potential
Yes, large unexplored REDOX-front.
Rosita
Developing ProjectUnited States
Near-term production (awaiting final permitting for first wellfield) • PEA
Overview
Country
United States
Region
Texas
Current status
Near-term production (awaiting final permitting for first wellfield)
Permit status
Licensed CPP, RML amended for Upper Spring Creek
Mine type
ISR (In-Situ Recovery)
Classification
Project stage
Developer
Substage
PEA
Active milestone
Permits & Agreements
Resources
Measured + indicated
3.5 Mlb
Inferred
0.3 Mlb
Total resources
3.8 Mlb
Endowment
Core endowment
2.1 Mlb
Field recovery rate
80.0%
Financials
Recovery rate
80.0%
Notes
Highlights
800,000 lbs U3O8 annual capacity. Modular satellite IX plants. RML amended for Upper Spring Creek. First wellfield nearly completed, awaiting final permit.
Country attractiveness
Located in mature regulatory environment, South Texas uranium district.
Resource context
Resources reported under S-K 1300 for multiple sub-areas.
Permit context
RML amended for Upper Spring Creek. Awaiting final permit for first wellfield.
Technical context
ISR extraction, modular IX plants.
Recent achievements
First two trains of IX plant completed. Remaining two trains under installation.
Work ongoing
Wellfield installation, IX plant expansion.
Next steps
Complete permitting and commence production. Expand IX plant capacity.
Next steps
Complete state permitting, plant engineering (2026-2027).
Resource extension potential
Yes, multiple satellite IX plant areas and future projects.