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Overview

enCore Energy holds a 100% interest, with no holding costs, on 115,000+ acres (46,400 ha) of private mineral rights in New Mexico, including the large Crownpoint and Hosta Butte uranium deposits. A portion of these resources are under NRC license. Additionally, the Company also holds the Marquez and Treeline projects in New Mexico as well as a number of other properties in Utah, Arizona and Wyoming along with a leading position in the high-grade breccia pipe deposits of the Northern Arizona Strip District.

Current Mineral Resources - Crownpoint and Hosta Butte, New Mexico*
Resource Category Million Tons Grade eU3O8% Attributable U3O8 (mm lbs)
Indicated 12.68 0.105 26.6*
Inferred 2.76 0.110 6.1*
Historic Resources**
Project Million Tons Grade eU3O8% Attributable U3O8 (mm lbs)
Marquez (New Mexico) 5.7 0.122 14.0**
Moonshine Springs (Arizona) NR 0.174 4.7**
Nose Rock (New Mexico) 1.1 0.145 3.1**
Treeline (New Mexico) 0.6 0.130 1.5**
Cedar Mountain (Utah) 2.0 0.052 2.2**
Geitus (Utah) 0.14 0.144 393,000**
Blue Jay (Utah) 0.11 0.122 263,000**
Snow (Utah) .035 0.23 159,689**
Marcy Look (Utah) .038 0.186 142,900**
Probe (Utah) .027 0.25 139,095**

*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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