Now, there's flexibility built into those contracts whereby we technically wouldn't have to produce to sell into them, but we get a better margin if we sell into those produced pounds. ![]() “There are two reasons: one is that we already have contractor buy-ins, so we have delivery starting in 2023. The aim of production in 2023 is supported through the buy-in and commitment of its contractors as well as the recent price uranium has reached. is aiming to reach production by 2023 at its South Texas operations. We've already started preparing the permit and licensing for Wyoming, it's one of the other activities we have ongoing, so we want to be able to have additional capacity, not just in Texas but elsewhere, so we have multiple production centres.”ĮnCore Energy Corp. ![]() “All of this is helping to build up that production level, and the timing works out so that by 2025, we will be able to start developing either South Dakota or Wyoming, whichever one meets that threshold with respect to the permit and licensing. The company’s asset portfolio then further holds the Gas Hills project in Wyoming as well as the Crownpoint and Hosta Butte Project in New Mexico. The PEA that was published by Azarga indicates that at a USD$ 55 per pound market, it has substantial NPV and a good internal rate of return.” It has had some permitting and licensing lags and timelines, but from a fundamental operational economic basis, it is a very good project. “On top of that, we also have the fully licensed Dewey Burdock project in South Dakota, which is one of the best projects out there that we acquired through the Azarga Uranium project. The project’s PEA boasts an NPV8% of USD$ 171.3 million as well as an internal rate of return of 50%. ![]() The project holds 17.12 million pounds of U3O8 in the measured and indicated category as well as 0.71 million pounds of U3O8 in the inferred category. The project holds a NI 43-101 compliant mineral resource estimate and preliminary economic assessment (PEA). The Dewey Burdock project of the company is a high-grade ISR deposit located in South Dakota. consists of various processing facilities, properties and projects located in South Texas, South Dakota and Wyoming. The asset portfolio of enCore Energy Corp. The management team is tasked with advancing the company’s assets and reaching production by 2023. Peake has more than 50 years of experience in natural resource exploration, development and production and previously served as Vice‐President of Lands for Uranium One Americas, Inc. Underhill has more than 50 years of experience in the exploration and development of natural mineral resources with 40 years of uranium experience. Peake round out the management team as the company’s Chief Geologist and the Director of Lands. and has experience in operational and production financial reporting and accounting.ĭouglas Underhill and Gordon R. She previously held positions at both Energy Fuels Inc. He has held several prominent roles in the government and private sector, including most recently Principal Deputy Solicitor of the United States Department of the Interior.Ĭarrie Mierkey is the company’s Chief Financial Officer and has 13 years of experience in the finances of both public and privately traded companies. Gregory Zerzan is the company’s Chief Administrative Officer and General Counsel. Luthiger was responsible for the standby operations of the 1.5-million-pound U3O8 per year capacity ISR production centre during which time successful completion of groundwater restoration and release of financial assurance with the State of Texas was achieved. Luthiger previously served as the Director of Texas operations for Energy Fuels Inc. and has been involved in ISR operations for more than 35 years. Peter Luthiger is the Chief Operating Officer of enCore Energy Corp. before the company was acquired for USD$ 1.8 billion by Uranium One Corp. ![]() He has been involved in the minerals industry for more than 40 years and was the co-founder of Energy Metals Corp. Sheriff is the founder and Executive Chairman of the company. Goranson has in his first 12 months of joining the company been able to close two acquisitions as well as advance the company’s South Texas properties to production by 2023. Goranson has more than 35 years of experience in the uranium space, with him having been involved with both conventional and In-Situ uranium Recovery (ISR) mining. is led by Paul Goranson, who serves as the company’s CEO and Director.
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