enCore Energy(NASDAQ) EU

enCore Energy Corp. mines uranium for carbon-free nuclear power. The company helps utilities produce reliable electricity for American homes. It uses clean technology to extract minerals directly from the ground.

Fueling the Nuclear Future

• Uranium Extraction: Producing uranium oxide fuel for nuclear utilities using in-situ recovery technology.
• Sales Agreements: Supplying uranium to U.S. nuclear plants through 14 specialized sales contracts.
• Processing Facilities: Operating central plants in Texas that process minerals into usable fuel.
• Exploration Projects: Developing future uranium mining sites in South Dakota, Wyoming, and New Mexico.

Expanding the Domestic Pipeline

• Commenced uranium extraction at the Rosita and Alta Mesa projects in South Texas.
• Launched the Alta Mesa East exploration project in Nov. 2025.
• Completed the first phase of construction on the Upper Spring Creek-Brown satellite facility in May 2026.
• Secured a renewed 20-year federal source materials license for the Dewey Burdock Project on June 30, 2026.

A Greener Way to Mine

enCore owns four of the 13 existing in-situ recovery production facilities in the United States. This mining method circulates water underground to extract uranium without creating large open pits.

Looking at the Ledger

• Revenue was $15.7 million in the three-month period ended June 30, 2026, up 328% year over year.
• Net loss reached $44.6 million for the three-month period ended June 30, 2026.
• Operating expenses were $26.9 million in the three-month period ended June 30, 2026, up 32% year over year.
• The company sold 485,000 pounds of uranium during the six-month period ended June 30, 2026.
• Working capital was $87.0 million as of June 30, 2026.

Bottom Line

enCore has moved from exploring for minerals to actively producing uranium at multiple Texas facilities. Expanding its processing capacity and signing long-term sales deals help secure its role in the domestic energy market.