enCore Energy Corp. Provides Initial Corporate Update

Core Viewpoint - enCore Energy Corp. is accelerating its expansion plans for uranium extraction operations in South Texas, focusing on the Alta Mesa asset, which has shown a high success rate in uranium capture [2][4]. Group 1: Corporate Update - The Alta Mesa project has achieved approximately 80% uranium capture within just over 4 months, necessitating an aggressive drilling and well completion schedule [2]. - The board has directed management to implement an accelerated action plan to meet uranium capture goals, with daily progress reports to senior management [2][6]. - enCore's technical team, led by industry experts, is actively engaged in the In-Situ Recovery (ISR) uranium sector, with ongoing operations at two Central Processing Plants [3][6]. Group 2: Future Projects - Future projects include the Dewey-Burdock Project in South Dakota and the Gas Hills Project in Wyoming, alongside non-core assets in New Mexico and conventional projects in Arizona, Utah, and Wyoming [4]. - The company is committed to collaborating with local communities and Indigenous governments to ensure positive impacts from its developments [4]. Group 3: Management and Operations - Dr. Dennis Stover, a leader in ISR technology, is on-site to oversee the implementation of the accelerated drilling program [6]. - Mark Pelizza, with extensive permitting experience, is working to expedite regulatory processes at the state level [6]. - The board is actively seeking a new Chief Executive Officer with significant experience in the extractive industries [6].