Conventional Mining Projects in the Western US
- Conventional mining projects typically have higher-grade mineralization than ISR projects and are processed by a mill or through heap leaching methods
- Often allow for increased scale that provides leverage to higher uranium prices
- Typically mined through underground methods but can also include open pit mining
- About 50% of the global uranium supply comes from conventional mines and the balance from ISR
Reclaimed Hack Canyon Mines 9.5mm lbs produced
Reclaimed Pigeon Mine 6 mm lbs produced
UTAH: Highly Favorable Jurisdiction
- Utah is known for having the shortest permitting timelines in the western world with some dry underground uranium mines taking as little as 6 months from permit submission to production
- Only U.S. operating conventional mill owned by Energy Fuels Inc. at Blanding in southeastern part of state.
- NRC Agreement State so nuclear regulations regarding mining and milling are handled at the state level
- History of strong popular support in mining areas
- All Conventional deposits generally in the Morrison or Chinle sandstones. Morrison deposits usually have by- or co-product vanadium. Chinle deposits are typically higher grade but with no vanadium.
- New geologic model suggests breccia pipe potential in the San Rafael District
Temple Mountain Pipe
Toll Milling Potential
- Energy Fuels Inc. operates the White Mesa Mill for processing conventional ore, the only operating uranium mill in the US
- The facility is potentially within trucking distance to properties in New Mexico, Arizona and Utah, which could reduce the permitting timeline associated with moving conventional uranium projects towards production with an increase in uranium prices
- enCore owns a portfolio of three properties in the White Canyon District that are located within 65 miles of the White Mesa Mill that the Company looks to as the projects with the shortest lead time
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.