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Mining & Metals

enCore Energy's Dewey Burdock Uranium Project Receives BLM Approval

enCore Energy's (EU.V, EU) Dewey Burdock uranium in-situ recovery (ISR) project in South Dakota has received approval from the Bureau of Land Management (BLM), the company said on Thursday.The approval means enCore can now begin infrastructure construction for the ISR project.The permitted work under the BLM environmental assessment includes constructing parts of the primary and secondary access roads, four groundwater monitoring wells, and overhead power lines, a statement added.enCore Energy shares fell $0.05, to $2.30 on the Toronto Stock Exchange on Wednesday.

$EU.V
Equities

enCore Energy Announces Completion of Construction at the Upper Spring Creek ISR Uranium Project

enCore Energy (EU.V) announced Thursday the completion of the first phase of construction on the Upper Spring Creek In-Situ Recovery (ISR) Uranium Project's Satellite Remote Ion Exchange (IX) Plant.Construction of the first production wellfield, which will feed the IX Plant, is also nearing completion and will begin uranium extraction once final permits are received, said the company.Among the highlights of the first phase of the Upper Spring Creek ISR Satellite IX Plant construction, the company said that currently constructed portion of the satellite can process 1,600 gallons per minute (gpm) through the facility. This represents 50% of the satellite's planned flow capacity, said the company.The plant's flow capacity is in the process of being doubled, said the company, and added that before the end of June, 75% of the flow capacity is expected to be completed, and the plant is expected to be at 100% capacity by the end of July (3,200 gpm total capacity).The new plant will be capable of producing from the first Upper Spring Creek Project area once connected to the wellfields currently under construction, said the company.Drilling activities for the first 800-gpm module are complete, and wellfield infrastructure for this entire module is nearly completed, stated the company, and added that drilling and infrastructure activities for three other 800 gpm modules are "well underway". Module 2 drilling activities are about 90% complete, it added."This milestone reflects the dedication and teamwork of everyone involved," said William Sheriff, Executive Chairman. "The Upper Spring Creek Project strengthens the Company's operational capabilities by providing uranium-loaded resin feed for our fully licensed Rosita Central Processing Plant ("CPP"). We look forward to continuing this momentum as we move into the operational phase, which is planned in late 2026 once final permits are received."

$EU.V
Mining & Metals

enCore Energy Appoints Richard Little as CEO; William M. Sheriff Returns as Executive Chair

enCore Energy (EU.V) on Monday said the independent members of its board of directors have unanimously voted to appoint Richard H. Little as chief executive officer, replacing Robert Willette, effective immediately.The company said that Little will also join its board of directors, effective immediately."enCore Founder and former Executive Chair, William M. Sheriff, has agreed to the Board's request for his immediate return as Executive Chair," said the company.According to a statement, Little brings over 30 years of industry and public company experience "primarily focused on enhancing production, well performance, operational efficiency, acquisitions and divestitures." Little previously served as the chief executive officer of Fury Resources, Inc. Prior to this, he served as the chief executive officer of Ajax Resources, LLC. Little also served as chief executive officer of Halcon Resources."Achieving our goals takes an intense management focus and strong commitment to a clear vision and path forward," said Mark Pelizza, enCore's Lead Independent Director, "With William Sheriff's proven vision and guidance, combined with Richard Little's strong track record as a seasoned operator who focuses on execution and operational rigor, enCore will be better positioned to deliver a more disciplined approach to maximizing shareholder returns. As Directors, we are committed not only to focusing on our oversight of operations but also on providing shareholders with timely disclosure. We renew our commitment to transparency and superior shareholder communications as our new management works towards the realization of exceptional potential at Dewey Burdock and Alta Mesa East."The company's shares were last seen down $0.02 at $2.88 on the TSX Venture Exchange.Price: $2.88, Change: $-0.02, Percent Change: -0.69%

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