enCore Energy(NASDAQ) EU

enCore Energy finds and extracts uranium to fuel nuclear power plants. This provides clean electricity for homes and businesses across the United States. The company uses a low-impact method to pull minerals from the ground.

Pounds of Energy

• Uranium Extraction: Produces U3O8, also known as yellowcake, which is a dried uranium concentrate used for nuclear fuel;
• In-Situ Recovery: Uses a solution of oxygen and baking soda to dissolve minerals underground without large open pits;
• Central Processing: Operates specialized plants in Texas to refine liquid uranium into a transportable dry product;

Scaling Up Production

• Sold 30% of the Alta Mesa Project to Boss Energy Limited in December 2023 for $60 million.
• Commenced uranium extraction at the Rosita Central Processing Plant in South Texas during 2023.
• Started operations at the Alta Mesa facility in June 2024 to expand the company's production capacity.
• Expanded wellfield capacity in 2025, increasing uranium extraction by over 100% compared to 2024 results.

Why This Method Matters

enCore uses In-Situ Recovery technology, which avoids the environmental impact of traditional waste dumps or tailings piles. This process allows the company to restore groundwater and land to their original state once extraction is complete.

A Turn Toward Profit?

• Revenue reached $17 million in Q4 2025, up 27.1% from $13.4 million in Q4 2024.
• Gross profit turned positive at $6.4 million in Q4 2025, up 279.9% from a loss of $3.6 million.
• Operating income loss narrowed to $23.1 million in Q4 2025, an improvement of 43.7% year-over-year.
• Operating cash flow turned positive at $12.9 million in Q4 2025, up 255.1% from the previous year.

Bottom Line

enCore has evolved from an exploration-focused company into an active uranium producer with multiple facilities in Texas. This transition supports the increasing domestic demand for carbon-free energy generation.