United States-Focused: Uranium Projects
enCore Energy Corp. is the newest uranium processing company in the United States utilizing proven In-Situ Recovery (“ISR”) technology to provide fuel for the generation of clean, reliable and carbon-free energy. While being the only company with multiple operating uranium facilities in the U.S., it is our goal to build our company’s production capacity to 3 million pounds U3O8 per year by end of 2026 and 5 million pounds U3O8 per year by end of 2028.
enCore’s Project Pipeline
Our Objectives
Application of In-Situ Recovery (“ISR”) Technical Expertise
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. The safety of our people and the environment is essential to our operations, and we remain solely focused on ISR technology to produce uranium as a proven effective and environmentally responsible technology.
Streamline Operations and Rationalize Asset Base
Adapting swiftly to favorable market conditions is a priority for enCore. We will continue to rationalize our asset base through the execution of our non-core asset divestment strategy to strengthen our financial position and increase financial resources in a non-dilutive way. enCore currently holds several non-core conventional projects available for acquisition.
Provide Growth and Value to Shareholders
Since December 2020, Management has demonstrated, through four significant transactions, its ability to drive growth and provide value for our shareholders through select, accretive merger and acquisition (“M&A”) activity that complements its own organic growth.
Contract and Sales Strategy Formalization
The Company will continue to leverage its strong baseload contracting strategy and industry reputation as a reliable multi-facility domestic supplier, to ensure that our operating assets are able to create revenue regardless of market conditions. We will continue to focus on adding new multi-year, hybrid, market-based contracts to maximize profits while protecting against price declines. This strategy should provide robust returns on production while ensuring a base level of income to support continued operations during market declines.
Acting with Fiscal Responsibility and Strong Governance
We have a skilled Board of Directors and an experienced management team with strong corporate governance values. We work to ensure that our costs are as low as practicable while being able to leverage our assets to provide value to our shareholders. We assess supply chain risks to ensure that we are able to obtain critical components in a manner sufficient to sustain our strategy. We have supply agreements with established trading partners that include nuclear utilities and have negotiated sales terms to assure that we receive an effective return on investment when considering capital, operating and overhead costs.
Reducing Risk to Shareholders and Operations
We operate in safe, business-friendly jurisdictions with clear regulatory environments in order to predictably advance a balanced pipeline of established projects to operation.
