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Legend

Production
Development
Exploration

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 U3O8 in 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.

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 Category Million Tons Grade eU3O8% Attributable U3O8 (M lbs)
Indicated 12.7 0.105 26.6*
Inferred 2.8 0.110 6.1*
Historic Resources**
Project Million Tons Grade eU3O8% Attributable U3O8 (M lbs)
Juan Tafoya - Marquez (New Mexico) 12.3 0.119 29.3**
Nose Rock (New Mexico) 11.8 0.148 35.0**
West Largo (New Mexico) 2.9 0.300 17.2**
Ambrosia Lake (New Mexico) 2.0 0.176 7.1**
Moonshine Springs (Arizona) 1.4 0.165 4.7**
Butler Ranch (Texas) 0.4 0.15 1.3**
Rosita (Texas) 0.4 0.082 0.6**

*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.

**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.

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