enCore Energy (NASDAQ:EU) Announces Filing of Technical Report Summary for Dewey Burdock Project

On January 16, 2025, enCore Energy Corp. made a significant update through the filing of a technical report summary (TRS) regarding the Dewey Burdock Project in South Dakota. The TRS, prepared in accordance with Subpart 1300 of Regulation S-K, was submitted through the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system of the U.S. Securities and Exchange Commission (SEC).

The Dewey Burdock Project has attained various essential regulatory approvals, including a Source Material License from the U.S. Nuclear Regulatory Commission (NRC), Aquifer Exemption, and Class III and V Underground Injection Control (UIC) Permits from the U.S. Environmental Protection Agency (EPA) Region 8. The project boasts Measured and Indicated Resources of 17,122,147 pounds eU3O8 or 7,388,222 tons at an average grade of 0.12% eU3O8, while the Inferred Resource stands at 712,624 pounds eU3O8 or 656,546 tons at a grade of 0.06% eU3O8.

Moreover, a preliminary economic assessment of the Dewey Burdock Project demonstrates robust economics with an after-tax Net Present Value (NPV) of $133.6 million at an 8% discount rate and an Internal Rate of Return (IRR) of 33%. Paul Goranson, enCore’s Chief Executive Officer, highlighted the project’s significance in supporting America’s energy demands, especially in the context of increasing reliance on domestically produced uranium for clean and reliable nuclear power.

As part of its disclosure, enCore also provided a list of exhibits accompanying the filing, including a consent exhibit, the TRS for the Dewey Burdock Project, and a press release dated January 16, 2025. The TRS, conforming to the requirements of S-K 1300, aligns enCore’s mineral resource reporting with current industry standards.

Going forward, enCore Energy plans to proceed with state and federal permitting activities, core drilling, and analysis to finalize design plans and recovery parameters for the Dewey Burdock Project. The Company anticipates the construction of the Dewey-Burdock ISR Uranium Central Processing Plant (CPP) along with other major plant aspects, aiming for a total capacity to process 1 million pounds of uranium per year.

The technical report and associated filings showcase enCore Energy’s commitment to responsible, efficient, and sustainable uranium extraction using In-Situ Recovery (ISR) technology. The Company’s forward-looking statements emphasize strategic plans for future production alongside continuous adherence to regulatory guidelines and industry standards. Investors and stakeholders can access detailed information regarding these developments through the SEC and SEDAR filings made by enCore Energy.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read enCore Energy’s 8K filing here.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.