Project Highlights

Overview

EnCore Energy holds a portfolio of uranium assets located in Texas, New Mexico, Wyoming, Utah and Arizona, USA. The portfolio is highlighted by the Rosita and Kingsville Dome licensed ISR uranium production facilities with combined nameplate capacity of over 1.6 million pounds of U3Oin South Texas.

The Company also owns 300,000+ acres of private mineral rights in New Mexico that includes all of or the majority of the Crownpoint & Hosta Butte, Nose Rock, West Largo and Ambrosia Lake – Treeline properties. The Company also controls nearly 19,000 acres (7,572 ha) of private land leases including the Marquez-Juan Tafoya Property.

A summary of Current Mineral Resources and Historic Mineral Resources that have been reported within the Company’s key properties is available below.

 

CURRENT MINERAL RESOURCES
CROWNPOINT AND HOSTA BUTTE, NEW MEXICO*
RESOURCE CATEGORYMILLION TONSGRADE EU3O8%ATTRIBUTABLE U3O8 (Million LBS)
Indicated12.70.10526.6*
Inferred2.80.1106.1*
MARQUEZ-JUAN TAFOYA, (NEW MEXICO)
RESOURCE CATEGORYMILLION TONSGRADE EU3O8%ATTRIBUTABLE U3O8 (Million LBS)
Indicated7.10.12718.1**
HISTORIC RESOURCES****
PROJECTMILLION TONSGRADE EU3O8%ATTRIBUTABLE U3O8 (Million LBS)
Marquez – Juan Tafoya (New Mexico)
Southeast Deposit
1.10.112.48***
Nose Rock (New Mexico)11.80.14835.0***
West Largo (New Mexico)2.90.30017.2***
Ambrosia Lake (New Mexico)2.00.1767.1***
Moonshine Springs (Arizona)1.40.1654.7***
Butler Ranch (Texas)0.40.151.3***
Rosita (Texas)0.40.0820.6***
 

*Technical Report, titled, “Crownpoint and Hosta Butte Uranium Project Mineral Resource Technical Report, McKinley County, New Mexico, USA, Mineral Resource Technical Report – National Instrument 43-101,” dated May 14, 2012, and authored by Douglas L. Beahm, PEng, PGeo.

**Technical Report, titled, “Marquez-Juan Tafoya Uranium Project, Preliminary Economic Assessment, Prepared for enCore Energy Corp., by Douglas L. Beahm, P.E., P.G., BRS Inc. and Terence P. McNulty, PE, PHD, McNulty and Associates, June 9, 2021

***Carter, Geoffrey S., P.Eng., 2014, “NI 43-101 Technical Report on Mineral Resources: Juan Tafoya
Uranium Project, Cibola, McKinley, and Sandoval Counties, New Mexico, USA”, reported and effective
May 15, 2014, prepared for Uranium Resources Inc. by Broad Oak Associates. Carter reports the non-
contiguous Southeast Deposit located about 1 mile southeast of the Marquez-Juan Tafoya Deposit has
an historic estimated Inferred Resource of 1,125,900 tons containing 2.481 million pounds U3O8 at an
average grade of 0.110 %, with a cutoff grade of 0.05% U3O8.

****The Company’s QP has not done sufficient work to classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource and it should not be relied upon. For source please refer to the respective following report for each Project.

Douglas H. Underhill, PhD, CPG, enCore’s Chief Geologist, is the Qualified Person as defined under National Instrument 43-101 and has reviewed and verified the information presented throughout this enCore Energy Corp. website.*