Encore Energy Stock Price, News & Analysis

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.

enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), America's Clean Energy Company, has announced its participation in the upcoming Prospectors & Developers Association of Canada's (PDAC) Convention. The event will take place at the Metro Toronto Convention Centre from March 2-5, 2025.

Investors and attendees can visit enCore Energy at Booth #3028 in the Investor's Exchange. Additionally, Executive Chairman William M. Sheriff will deliver a corporate presentation during the uranium track at the Investor's Forum on Tuesday, March 4 at 3:38 pm in room 801A.

enCore Energy has filed a new S-K 1300 Technical Report Summary for its Dewey-Burdock Project in South Dakota. The project shows Measured and Indicated Resources of 17,122,147 lbs eU3O8 at 0.12% average grade, and Inferred Resources of 712,624 lbs eU3O8 at 0.06% grade.

The preliminary economic assessment demonstrates strong economics with an after-tax Net Present Value of $133.6 million (8% discount rate) and an IRR of 33%. The project has received its Source Material License, Aquifer Exemption, and Underground Injection Control Permits. The Central Processing Plant will have a capacity to process 1 million pounds of uranium annually, with total expected recovery exceeding 14 million pounds.

The estimated total capital costs are $264.2M with operating costs of $23.81/lb of U3O8. Construction is anticipated to commence in early 2027, with permitting completion expected in Q3 2026.

enCore Energy (NASDAQ: EU) announces two significant changes effective January 1, 2025: its reporting status with the SEC will change from a foreign filer to a U.S. domestic filer, and the appointment of KPMG LLP as its new auditor. The company will begin filing annual and quarterly reports on Form 10-K and Form 10-Q, starting with the Form 10-K for the financial year ending December 31, 2024. The auditor transition from Davidson & Company LLP was approved by the Board and occurred without any disagreements or reportable events regarding accounting principles, practices, or procedures.

enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), a uranium producer and America's Clean Energy Company, has announced its participation in the 50th Annual New Orleans Investment Conference. The company will deliver a corporate presentation on Friday, November 22nd at 10:55 am CT at the Hilton New Orleans Riverside, specifically in room Churchill B2 on the second floor.

enCore Energy reports Q3 2024 results with $45 million revenue from yellowcake sales in the first nine months. The company extracted and packaged 100,261 pounds of yellowcake from its two operational South Texas facilities. Alta Mesa, commissioned in Q2 2024, makes enCore the only U.S. company with two operational uranium processing plants. The company delivered 530,000 pounds at an average price of $84.85 per pound, meeting all contractual commitments. A new contract was secured for 300,000 pounds delivery in 2028-2029. Resource development drilling continues at Upper Spring Creek Project in South Texas and Wyoming projects.

enCore Energy Corp. (NASDAQ: EU) has revealed its 5-year uranium contracting strategy, highlighting seven contracts with U.S. nuclear power plants and one legacy contract with a uranium trading company. The strategy balances revenue stability with spot price exposure through base escalated, un-hedged spot, and collared contracts. Contracted deliveries start at 190,000 lbs U3O8 in Q4-2024, reaching 955,000 lbs by 2029. Estimated revenues range from $11-17M in Q4-2024 to $87-105M in 2029, varying with uranium spot prices between $60-120/lb. The projections assume full utilization of delivery flexibilities and contract extensions.

enCore Energy reports significant progress in uranium production expansion at its Alta Mesa Plant in South Texas. The company is approaching flow capacity at the first of three ion exchange (IX) circuits, each with 2,500 gallons per minute capacity. Since June 2024 startup, Wellfield 7 has expanded from 27 injection and 34 recovery wells to 46 injection and 52 recovery wells, achieving a 2,100 gpm flow rate. The facility's total capacity of 7,500 gpm equals 1.5 million pounds of yellowcake annually when fully operational. The second IX circuit is planned for Q1/25, with the third circuit expected by end of 2025.