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enCore Energy Boosts Production, Appoints Acting CEO Rob Willette to Board Amid Strong Cash Reserves, Hits Uranium Output Milestone With 50,000 Pounds Captured in March
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enCore Energy (NASDAQ:EU) (TSXV:EU) (the "Company" or "enCore"), announced today the results of the most successful month at the Alta Mesa In-Situ Recovery Uranium Central Processing Plant ("CPP") since commencing operations in June 2024. Following previously announced improvements to operations (see EU NR dated March 13, 2025) with the goal of expanding uranium extraction, decreasing unnecessary costs and increasing efficiency, the Company captured 50,000 pounds of uranium ("U3O8") in the last 26 days in March 2025.  With a healthy treasury including unencumbered cash, inventory and marketable securities of ~$40 million USD, the Company continues to improve Alta Mesa CPP operations and the wellfield development program, which is now on track to meet 2025 contract projections. The Company also announced the appointment of Rob Willette, Acting Chief Executive Officer ("A/CEO"), to the Board of Directors and the promotion of Daniel Calderon to Director of Texas Operations.  Mr. Willette will hold the Board seat dedicated to the Chief Executive Officer until such time a permanent appointment is made.


 

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