Encore Energy Corp. · TSXV:EU
Encore Energy — Investor Presentation (April 2025)
26 slides from Encore Energy's investor presentation, April 2025
Slide 1: Domestic Uranium in the USA
Domestic Uranium in the USA April 2025 NASDAQ:EU | TSX.V:EU encoreuranium.com
Slide 2: Disclaimer
Disclaimer ©2025 enCore Energy Corp., All rights reserved. Unless otherwise noted, “enCore” and all other marks used in this presentation are trademarks of enCore Energy (the “Company”). Any reproduction or dissemination of any feature of presentation, in whole or in part, or any use of this present
Slide 3: enCore Energy: A Unique Domestic Uranium Extraction Company
enCore Energy: A Unique Domestic Uranium Extraction Company Domestic Uranium Supply Mineral Resources Clean, Reliable Extraction Commenced processing at the Licensed facilities in Texas enCore utilizes in-situ recovery South Texas Alta Mesa Central (Rosita & Alta Mesa) & advanced (ISR) to minimize s
Slide 4: United States Uranium Supply and Demand
United States Uranium Supply and Demand The World’s Largest Consumer and Minimal Uranium Production Declining US Supply: -200K lbs/yr Increasing US Demand: +48 MM lbs/yr Uranium concentrate production in the United States, 2000 to fourth-quarter 2023 P = Preliminary data Data source: U.S. Energy Inf
Slide 5: enCore Corporate Summary
enCore Corporate Summary NASDAQ:EU | TSX.V:EU Analyst Coverage Marcus Giannini Market Capitalization (@$ 1.26 USD)* $ 234,846,714 USD Haywood Securities Inc. Shares Issued & Outstanding 186,386,281 Warrants** 19,844,084 Mike Kozak Cantor Fitzgerald Options 8,263,101 Fully Diluted*** 214,923,758 Alex
Slide 6: Board of Directors
Board of Directors Dr. Dennis Stover, PhD Director Dr. Stover, a co-inventor of the ISR process, has a +40-year career focused on direct involvement with William M. Sheriff, MSc commercial uranium exploration, project development, and Founder & Executive Chairman mining operations. Dr. Stover previo
Slide 7: enCore Energy in the Nuclear Fuel Cycle
enCore Energy in the Nuclear Fuel Cycle enCore’s role in the cycle Wellfield Processing Yellow Cake Transport Conversion Enrichment Fabrication Nuclear Domestic Oxygenated Plant (U3O8) Licensed and The The gas is The now Plant Consumers water liquifies The liquified The now yellow insured third yell
Slide 8: ISR Central Processing Plants
ISR Central Processing Plants Processing Plants Wellfield Resin Reloading Resin Recharge Filter Press Dryer Packaging Transport Conversion Oxygenated The uranium rich Uranium is removed The Filter Press The zero emissions Yellowcake the transport is Plant water liquifies solution is from the resin b
Slide 9: South Texas In-Situ Recovery Central Processing Plants (CPP)
South Texas In-Situ Recovery Central Processing Plants (CPP) Rosita ISR Uranium Central Processing Plant Alta Mesa ISR Uranium Central Processing Plant NASDAQ:EU | TSX.V:EU 9
Slide 10: Rosita ISR CPP
South Texas Rosita ISR CPP ▪ One of enCore’s 3 licensed CPP facilities, only 11 in the United States – Rosita commenced operation as of November 2023. ▪ A fully licensed CPP with a production capacity of 800,000 pounds of U3O8 per year from remote RIX operations (satellite wellfields). ▪ Located ~60
Slide 11: Alta Mesa ISR CPP & Wellfield
South Texas Alta Mesa ISR CPP & Wellfield ▪ Extracting uranium since Q2-2024 under a 70/30 JV with Boss Energy Limited, with enCore as the managing partner. ▪ Total operating capacity of 2.0 million pounds per year including extra 500,000 pounds of drying capacity to facilitate remote RIX wellfield
Slide 12: Alta Mesa Resources
South Texas Alta Mesa Resources *enCore is not basing its production decisions on a feasibility study of mineral reserves demonstrating economic and technical viability and as a result there may be increased uncertainty of failure associated with a production decision. NASDAQ:EU | TSX.V:EU 12
Slide 13: Dewey-Burdock Project
South Dakota Dewey-Burdock Project Priority following successful uranium extraction ramp up in South Texas. Edgemont uranium district in southwest South Dakota, approximately 60 miles from Cameco’s Crow Butte mine in Nebraska. Mineral rights and surface rights covering approximately 16,960 acres and
Slide 14: Wyoming and South Dakota Projects: Dewey-Burdock & Gas Hills
Wyoming and South Dakota Projects: Dewey-Burdock & Gas Hills NASDAQ:EU | TSX.V:EU 14
Slide 15: Strategic Asset Divestment
Strategic Asset Divestment Verdera Energy is dedicated to advancing uranium development in New Mexico to support U.S. domestic nuclear fuel supply. Strategic Asset Divestment: enCore Energy has completed a sales agreement with Verdera Energy Corp. to transfer a subsidiary holding five uranium projec
Slide 16: Corporate Social Responsibility
Corporate Social Responsibility As a leading In-Situ Recovery uranium producer enCore Energy has the potential to impact—and be impacted by—a range of sustainability topics. We are examining our sustainability impacts and priorities through a materiality assessment process, defining the topics that
Slide 17: Other Assets
Other Assets ▪ Exclusive access to privately-held databases of world-wide uranium data. ▪ Non-core asset divestment strategy: Several non-core assets that can provide value and reduce shareholder dilution. ▪ Investing in new technology: Prompt Fission Neutron (PFN) technology, providing enCore with
Slide 18: enCore Energy: America's Clean Energy Company
enCore Energy: America’s Clean Energy Company Reliable, Responsible Domestic Uranium Extraction Extraction at Advanced Assets: US 100% In-Situ Recovery Rosita CPP & Alta Mesa CPP Production Pipeline Uranium Extraction Industry-Leading Leadership Balanced Contract and Spot Non-Core Divestment Strateg
Slide 19: www.encoreuranium.com info@encoreuranium.com (647) 847-7825
www.encoreuranium.com info@encoreuranium.com (647) 847-7825 NASDAQ:EU | TSX.V:EU 19
Slide 20: Energy Returned On Invested (EROI) of Various Energy Sources
Energy Returned On Invested (EROI) of Various Energy Sources This chart compares the lifetime electricity output of different power sources to the energy needed to create and run them 24/7. For example, nuclear plants generate 75 times the energy they consume. 80 75 70 60 EROI, with energy storage*
Slide 21: Uranium Supply & Demand Forecast
250 Million lbs U3O8 $104 200 Supply Gap (Required New Production) Uranium Supply & 150 Demand Forecast 100 Uranium Spot Price Established Production 50 1Source: Historical Ux Weekly Prices, UxC.com as of January 12, 2024 2Source: Uranium Market Study 2022 Issue 4, TradeTech, LLC 3Source: World Nucl
Slide 22: Windmills vs nuclear energy
Windmills vs nuclear energy 300m 13-15MW 9MW 200m 7MW 1750 MW nuclear 4MW power plant 2MW 100m 1.2MW 1-12KW 0.5MW 19th C 1990 1995 2000 2005 2010 2015 2025 Sources: Various, Bloomberg New Energy Finance NASDAQ:EU | TSX.V:EU 22
Slide 23: 1 nuclear energy plant vs wind power
1 nuclear energy plant vs wind power NASDAQ:EU | TSX.V:EU 23
Slide 24: enCore Energy: America's Clean Energy Company
enCore Energy: America’s Clean Energy Company Fully funded uranium extraction strategy to provide clean, reliable and carbon-free domestic energy. NASDAQ:EU | TSX.V:EU 24
Slide 25: Safe nuclear power
Safe nuclear power Comparative death rates per unit of electricity production Brown coal 32.72 Coal 24.62 Oil 18.43 Biomass 4.63 Gas 2.82 Hydropower 1.3 Wind 0.04 Nuclear 0.03 Solar 0.02 0 5 10 15 20 25 30 Source: Markandya & Wilkinson (2007); Sovacool et al. (2016); UNSCEAR (2008; & 2018) OurWorldI
Slide 26: References
enCore Energy References Technical Report on the Aladdin Uranium Project, Crook County, Wyoming, completed by Jerry D. Bush, certified Professional “Dewey Burdock Project, South Dakota, USA, S-K 1300 Technical Geologist (effective June 21, 2012). Report Summary” and “Dewey Burdock Project South Dako