Encore Energy Stock Price, News & Analysis

enCore Energy reports continued progress in wellfield operations at the Alta Mesa Uranium Central Processing Plant. The company has successfully installed 32 wells (15 extractors and 17 injectors) with uranium-bearing solution scheduled for CPP delivery by April 23, 2025, achieving their fastest installation rate of under two days per well.

Key developments include the implementation of PathCAD™ wellfield simulation software for improved management and optimization, and the strategic renaming of Wellfield 8 to Wellfield 3-Ext due to new delineation drilling findings. This change is expected to reduce permitting timelines and installation costs while enabling uranium recovery from the previously operated Wellfield 3.

The company also announced the promotion of Dain McCoig to Senior Vice President of Operations, recognizing his important role in successfully restarting both Rosita and Alta Mesa Central Processing Plants since joining in June 2023.

enCore Energy (NASDAQ: EU) has announced the appointment of Nathan Tewalt to its Board of Directors. Tewalt, who previously served on enCore's board from 2017 to 2022, brings over 40 years of experience as an economic geologist in the mineral extraction industry.

As former CEO and President of Standard Uranium Inc., Tewalt was instrumental in acquiring the Hobson In-Situ Recovery Central Processing Plant in Texas, which led to the company's acquisition by Energy Metals Corp., later purchased by Uranium One for $1.8 billion. He holds a BSc in Geology from Colorado State University with a focus on ore deposit geology.

William M. Sheriff, enCore's Executive Chairman, welcomed Tewalt's return during the company's accelerated growth phase, highlighting his valuable industry knowledge and familiarity with enCore's operations.

enCore Energy Corp. (NASDAQ: EU) has completed the sale of its New Mexico uranium assets to Verdera Energy Corp. The transaction includes the Crownpoint, Hosta Butte, Nose Rock, West Largo, and Ambrosia Lake – Treeline uranium projects.

As compensation, enCore received:

• 50,000,000 non-voting preferred shares of Verdera (approximately 73% ownership on a fully diluted basis)
• 2% royalty on uranium and other minerals from the Properties
• US $350,000 cash payment

A side letter agreement dated April 4, 2025, provides for enCore's consent to Verdera's going public transaction and future distribution of 35,000,000 converted common shares to enCore shareholders following Verdera's listing on a Canadian stock exchange.

enCore Energy (NASDAQ: EU) reported significant operational progress at its Alta Mesa In-Situ Recovery Uranium Central Processing Plant, capturing 50,000 pounds of uranium in the last 26 days of March 2025, averaging over 1,900 pounds per day. The company has delivered 290,000 pounds of uranium under utility contracts in 2025, with an additional 365,000 pounds expected through the year.

With approximately $40 million USD in treasury assets, enCore has expanded its drilling operations to 21 rigs at Alta Mesa, with plans to add up to 12 more rigs. The company announced key management changes, including Rob Willette's appointment to the Board of Directors and Daniel Calderon's promotion to Director of Texas Operations.

Operations at Wellfield 6 are set to resume in Q4 2025, while development continues at Wellfields 7 and 8. The company has accelerated its August 2025 contract delivery to May 2025 due to improved uranium capture rates.

enCore Energy (NASDAQ: EU) has announced the establishment of the Dr. Dennis Stover Fellowship at Texas A&M University-Kingsville (TAMUK) through the enCore Energy Education Society. The fellowship, supported by an initial $120,000 endowment, will provide financial assistance to outstanding graduate students pursuing a master's degree in chemical engineering.

The fellowship honors Dr. Dennis Stover, a Director of enCore Energy and pioneer in In-Situ Recovery (ISR) uranium extraction technology. Dr. Stover's five-decade career began in South Texas with the first commercial ISR operation at Clay West uranium project in 1975, and he currently leads advancement efforts at enCore's Alta Mesa Project.

The merit-based fellowship, funded by enCore Energy Corp, Boss Energy , and supporting companies, aims to support students showing academic excellence and commitment to advancing engineering and nuclear technologies.

enCore Energy Corp. (NASDAQ: EU) has entered into a share purchase agreement with Verdera Energy Corp. to sell its New Mexico uranium assets, including the Crownpoint, Hosta Butte, Nose Rock, West Largo, and Ambrosia Lake-Treeline projects. The transaction terms include:

- 50,000,000 non-voting preferred shares of Verdera (73% ownership)

- 2% net proceeds royalty on uranium

- 2% net smelter returns royalty on other minerals

- US $350,000 cash payment

Verdera will pursue a Canadian stock exchange listing by December 10, 2025 (extendable to January 31, 2026). Upon listing, 15M shares will convert to common shares retained by enCore, while 35M shares will be distributed to enCore shareholders as dividends. The Properties are located in the historic Grants Uranium District, which has produced ~350 million pounds U3O8, representing 40% of all uranium mined in the US.

enCore Energy (NASDAQ: EU) has successfully launched its second Ion Exchange (IX) Circuit at the Alta Mesa In-Situ Recovery Uranium Central Processing Plant, doubling the total flow capacity from 2,500 to 5,000 gallons per minute (GPM). The expansion enhances uranium capture capabilities, with the facility now utilizing approximately 75% of current processing capacity.

Key operational highlights include:

• Alta Mesa's wellfield achieves 80% uranium capture in just over 4 months, significantly faster than typical 12-15 month recovery periods
• 17 drill rigs currently operating at Alta Mesa, with 43 injection wells and 36 recovery wells added to Wellfield 7
• Plans to reactivate Wellfield 6 within 6 months, which contains 370,000 lbs of remaining Measured uranium resource
• A third IX Circuit planned for 2026 will increase processing capacity to 7,500 GPM

enCore Energy Corp. (NASDAQ: EU) has provided an update on its accelerated expansion plans at its South Texas uranium extraction operations. The company's Alta Mesa asset has demonstrated successful uranium extraction, achieving approximately 80% uranium capture in just over 4 months due to a steep wellfield decline curve.

To meet production goals, the company is implementing an aggressive drilling and well completion schedule. The board has directed management to execute an accelerated action plan, with board members including Dr. Dennis Stover and the technical team currently on-site to oversee implementation.

Key initiatives include:

• Increased drilling and wellfield installation
• Accelerated permitting pace
• Enhanced collaborative efforts

enCore Energy Corp. (NASDAQ: EU) reported its fiscal year 2024 financial results, achieving $58 million in revenue, a 163% increase from 2023. The company completed eight uranium sales totaling 720,000 pounds U3O8 at an average price of $81.02 per pound.

Key financial metrics include a net loss of $61.3 million ($0.34 per share) compared to $25.6 million loss in 2023, with $39.7 million in cash at year-end. The company extracted 288,589 pounds U3O8, the largest amount among U.S. producers in 2024.

Operational highlights include the startup of two uranium recovery operations: Rosita CPP (November 2023) and Alta Mesa CPP (June 2024). The company secured twelve uranium sales agreements with U.S. nuclear power plants, committing 8.30 million pounds U3O8 from 2025-2033, with potential for additional 2.2 million pounds.

As of March 2, 2025, Robert Willette was appointed Acting CEO, replacing Paul Goranson.