Nuclear Regulatory Commission Issues License for enCore Energy's Dewey Burdock Uranium Project

About this update from Encore Energy Corp.

NASDAQ: EUTSXV: EUwww.encoreuranium.com The Dewey Burdock Project has received all necessary federal permits. DALLAS, June 30, 2026 /CNW/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), America's Clean Energy CompanyTM, announced today that the U.S. Nuclear Regulatory Commission ("NRC") has issued a 20-year renewal of the Source Materials License for the Dewey Burdock In-Situ Recovery ("ISR") Uranium Project in South Dakota. The issuance of the Source Materials License follows the completion of the Safety Evaluation Report, the final step in the license renewal process. With the issuance of the NRC Source Material License, the Dewey Burdock Project has received all necessary federal permits. The NRC 20-year renewal of the Source Materials License follows the recent NRC issuance of the Environmental Assessment, Finding of No Significant Impact, and issuance of the Programmatic Agreement (News Release dated June 22, 2026). The Company also received the Bureau of Land Management ("BLM") decision that the Dewey Burdock Uranium Project is authorized to commence construction of infrastructure on portions of the project's BLM-managed public lands within the larger Dewey Burdock Project. William M. Sheriff, Executive Chair stated, "On behalf of the Board of Directors, I want to congratulate our team for their efforts to secure the 20-year extension to the NRC license. I also want to thank the NRC and the Permitting Council for their significant efforts to issue this renewal in such an efficient and effective manner. And to the community, we stand by our commitments to work together to see that the local communities and State, and our shareholders, benefit from this project as we continue to uphold our commitment to always operate with best practices to protect the people, land, air, and water." With all federal permits received, the Dewey Burdock Project remains subject to additional permitting by the State of South Dakota. The Company has commenced permitting efforts with the State of South Dakota, which are required before the Dewey Burdock Project proceeds to full operational status.  About the Dewey Burdock ISR Uranium Project ("Dewey Burdock Project") Located in South Dakota, the Dewey Burdock Project is an advanced-stage uranium project with an NRC Source Materials License (SUA-1600) effective until June 2046. The Dewey ...

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