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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) 1.3 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 0.144 239,000
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.)

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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