Encore Energy Corp. · TSXV:EU
Encore Energy — Investor Presentation (September 2021)
30 slides from Encore Energy's investor presentation, September 2021
Slide 1: Corporate Presentation
w w w. e n c o r e e n e r g y c o r p . c o m Corporate Presentation September 2021
Slide 2: Disclaimer
Disclaimer ©2021 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 this presentation, in whole or in part, or any use of this pr
Slide 3: Investment Overview
Clear focus, strategy and asset base to become the premier ISR uranium production company in the United States ‘ISR First’ approach to achieve financial success and leverage operational, financial experience with the benefits of ISR production methods Led by an experienced technical team whose
Slide 4: Capital Structure
Capital Structure Market Capitalization (@ $1.63 CAD)* $324.7 MM CAD 48% Shares Issued and Outstanding 199.2 M 10% Institutions Warrants 16.3 M Management Retail Options 10 M 43% Fully Diluted 225.6 M * As at September 1st, 2021 Physical Uranium Inventory: 300,000 lbs. TSX.V: EU | OTCQB: ENCUF | 4
Slide 5: Board and Management
Board and Management Paul Goranson, MSc, P. E. Richard M. Cherry, MSc, P.E. Chief Executive Officer and Director Independent Director Mr. Goranson has over 30 years of mining, processing and regulatory Mr. Cherry is a veteran executive with over 40-years of experience in the experience in the uraniu
Slide 6: Leadership Team
Leadership Team Carrie Mierkey, CPA Douglas Underhill, PhD, MSc, MBA, CPG Chief Financial Officer Chief Geologist Ms. Mierkey is a Certified Public Accountant with over 13 years of Dr. Underhill is an internationally recognized uranium expert with 40 years experience in finance for both private and
Slide 7: Major Asset Summary
Major Asset Summary Two licensed ISR uranium production facilities with combined nameplate production capacity of TEXAS: over 1.6 million pounds of U3O8. With near term satellite facilities to provide feed for those production facilities. Dominant position in United States’ largest historic uranium
Slide 8: Texas Uranium Assets
Texas Uranium Assets Texas We have four project areas Rosita Processing Facility Kingsville Dome Processing Facility Butler Ranch Exploration Project Upper Spring Creek Development Project A prolific US district for sandstone-hosted ISR production with historic production of ~80 million
Slide 9: Near Term Growth Production South Texas
Near Term Growth Production South Texas Kingsville Dome and Rosita Central Processing Plants (“CPP”) have combined nameplate uranium production capacity of 1.6 million pounds U3O8 per year Capacity is modularly scalable to over double at manageable capital costs. Kingsville Dome Central Processi
Slide 10: Near Term Growth South Texas Resource Development
Near Term Growth South Texas Resource Development Existing wellfield with production resources at Rosita. 8 – 1,000 GPM Satellite IX plants that are readily relocatable and combined to new development areas. Exploration drilling in South Texas Butler Ranch exploration project already provides
Slide 11: Uranium Deposit Resource Overview
Uranium Deposit Resource Overview Current Mineral Resources – Crownpoint and Hosta Butte Project, New Mexico1 Resource Category Million Tons Grade eU3O8% Attributable U3O8 (M lbs.*) Indicated 12.68 0.105 26.6 Inferred 2.76 0.110 6.1 Marquez-Juan Tafoya Project, New Mexico Project Million Tons Grade
Slide 12: Dominant New Mexico Position
Dominant New Mexico Position Several properties already identified as amenable to ISR, consistent with EnCore’s ‘ISR First’ strategy New Mexico’s Grants Uranium District has produced ~350 M enCore holds a ‘checkerboard’ position of 468 sq. miles lbs. of U3O8, or nearly 40% of all uranium mined i
Slide 13: New Mexico: Crownpoint & Hosta Butte Project
New Mexico: Crownpoint & Hosta Butte Project A large ISR-amenable project that hosts 26 million Indicated pounds and 6.1 million Inferred pounds1 Crownpoint is permitted under Laramide Resources’ (“LAM”) Nuclear Regulatory Commission License to recover up to 3 million pounds per year Located w
Slide 14: New Mexico: Marquez-Juan Tafoya Project
New Mexico: Marquez-Juan Tafoya Project A Preliminary Economic Assessment (“PEA”) has been completed for enCore’s recently consolidated Marquez-Juan Tafoya Deposit An underground mine site with more than $65 million in historic expenditures Potential to target higher grade mineralization withi
Slide 15: New Mexico: Nose Rock Project
New Mexico: Nose Rock Project ISR amenable deposit with previous work by Phillips Petroleum in the 1970s ~3,000 drill holes completed defining mineralization Recently consolidated land position Historic Mineral Resource Category7,8 Million Tons Grade eU3O8% U3O8 (M lbs) Measured 3.0 0.143 8.6
Slide 16: New Mexico: West Largo Project
New Mexico: West Largo Project Conventional uranium deposit may be amenable to ISR, located 6 miles from Ambrosia Lake District Discovered by Gulf Minerals with subsequent drilling by Gulf, Kerr McGee, Pathfinder and Sante Fe Minerals to delineate the deposit ~1500 holes drilled, well minerali
Slide 17: New Mexico: Ambrosia Lake-Treeline Project
New Mexico: Ambrosia Lake-Treeline Project Conventional deposit may be partially amenable to ISR, located ~10 miles from the West Largo project Deeded mineral rights covering a large portion of the Ambrosia Lake district The Ambrosia Lake district was mined from the 1950s to 1990s, over 22 mil
Slide 18: Data
Data Exclusive access to one of the largest uranium databases in the US Data sources include Westwater Resources (formerly Uranium Resources), Mobil Oil, Santa Fe Railroad, Neutron Energy, Union Carbide, US Smelting (UV Industries), US Vanadium, Ranchers Exploration and Development Corp. (Hecla)
Slide 19: Investment Summary
Investment Summary A clear goal to become the premier ISR Existing 43-101 Compliant Resources uranium production company in the USA A strong team with vast industry Leading land position in the Grants expertise across the nuclear fuel cycle Mineral District and the SW United States Two uranium produ
Slide 20: Investor Relations Contact
1 Investor Relations Contact 361-595-5401 info@encoreenergycorp.com www.encoreenergycorp.com TSX.V: EU | OTCQB: ENCUF | 20
Slide 21: Appendix - Investment Asset: Group 11
Appendix - Investment Asset: Group 11 Non-Invasive In-Situ Gold Recovery… 40% EU ownership of Group 11 Technologies Inc., a private US Corporation 6 4 5 1 E6 DIAMOX ETI Gold Recovery Electrochemical Process Regeneration The Future of Gold Mining… Water-based solution is pumped/delivered into inj
Slide 22: Appendix – Technical Team
Appendix – Technical Team William Paul Goranson, P.E. Chief Executive Officer and Director Mr. Goranson has over 30 years of mining, processing and regulatory experience in the uranium extraction industry that includes both conventional and in- situ recovery (ISR) mining. Most recently, Mr. Goranson
Slide 23: Appendix – Technical Team
Appendix – Technical Team William M. Sheriff, MSc Executive Chairman An entrepreneur and visionary with over 30 years’ experience in the minerals industry and the securities industry, and has been responsible for capital raises in excess of $300 million. Mr. Sheriff was a pioneer in the uranium rena
Slide 24: Appendix – Technical Team
Appendix – Technical Team Richard M. Cherry, MSc, P.E. Director Mr. Cherry is a veteran executive of the nuclear industry, having worked for several leading companies in the areas of uranium mining, production, conversion, marketing and power generation operations for 40 years. He is currently emplo
Slide 25: Appendix – Technical Team
Appendix – Technical Team Nathan A. Tewalt, BSc Director Mr. Tewalt served as the CEO of Wolfpack Gold Corp. and has over 25 years of experience in exploration and executive management positions in the western United States. Prior to its merger with Silver Predator Corp., Mr. Tewalt founded Nevgold
Slide 26: Appendix – Technical Team
Appendix – Technical Team Carrie Mierkey, CPA Chief Financial Officer Ms. Mierkey is a Certified Public Accountant with over 13 years of experience in finance for both private and public companies. She has spent most of her career working in various financial roles at Energy Fuels, Inc. and Cameco R
Slide 27: Appendix – Technical Team
Appendix – Technical Team John Seeley, PhD Manager, Texas Geology and Exploration Dr. Seeley is a Professional Geoscientist by training and experience and brings over thirty years of technical project and program management, including direct expertise in mineral resources, water resources, remote se
Slide 28: Appendix – Technical Team
Appendix – Technical Team Joseph Harrington, BSc. Advisory Committee Member Mr. Harrington serves as the President of Mine Water LLC. Formerly he was Vice President of Business & Strategic Development with Alexco Environmental Group, he previously served as the CEO and Founder of Green World Science
Slide 29: Appendix – Technical Team
Appendix – Technical Team Eugene Spiering, BSc. Advisory Committee Member Mr. Spiering is a registered geologist with over 30 years of experience in the mineral exploration sector, including 10 years focused on uranium exploration in the US. He recently served as VP Exploration for Quaterra Resource
Slide 30: References
References 1. NI 43-101, Technical Report, Crownpoint & Hosta Butte , McKinley County, New Mexico, prepared by BRS Engineering, dated May 14, 2012. Crownpoint & Hosta Butte hosts Indicated resource of 12.7 Mt of 0.105% eU3O8 totaling 26.6 M lbs, Inferred resource of 2.8 Mt of 0.110% eU3O8 totaling 6
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