Encore Energy Stock Price, News & Analysis

enCore Energy Corp. (NASDAQ: EU) has announced the sale of its entire stake in Anfield Energy Inc., disposing of 170,000,000 common shares at CAD $0.115 per share, generating total proceeds of CAD $19.55 million. The transaction was executed through a private agreement and represents a 14.73% reduction in enCore's ownership of Anfield's outstanding shares on an undiluted basis. Following this disposition, enCore no longer holds any securities in Anfield. This sale marks a significant decrease from enCore's previous holdings reported in January 2024, representing a 16.02% reduction in ownership of Anfield's outstanding shares. The company has indicated it may consider future investments in Anfield depending on market conditions and opportunities.

enCore Energy (NASDAQ:EU) has received approval to include the Upper Spring Creek ISR Uranium Project in its existing Radioactive Materials License from TCEQ. The license, valid until 2032, enables the construction of wellfields and a Satellite Ion Exchange Plant that will feed the Rosita ISR Uranium Central Processing Plant. The company has already begun project advancement with drill rigs moving to site, and construction of the Satellite IX Plant concrete pad is planned to start within 30 days. This marks enCore's third permitted facility in Texas, with previous permits granted in under 20 months. The company now holds two RMLs in Texas: one for the Alta Mesa ISR Uranium Project and another amended RML covering Upper Spring Creek's Brown Area, Rosita, and Kingsville Project areas.

enCore Energy (NASDAQ: EU) reported its Q1 2025 financial results, highlighting uranium production and sales metrics. The company extracted 130,015 pounds of U3O8 at a cost of $36.11 per pound and delivered 290,000 pounds at an average price of $62.89 per pound. Quarter-end inventory stood at 153,058 pounds at $40.39 per pound. The company reported a net loss of $0.13 per share, compared to $0.04 in Q1 2024, primarily due to increased exploration activities and a $9.0 million mark-to-market loss on marketable securities. Financial position showed $29.7 million in cash and equivalents with working capital of $35.7 million. The quarter saw negative operating cash flow of $7.7 million, largely due to a $12.2 million uranium loan repayment.

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.