- Business
- enCore Energy Corp. (TSX:EU, TSXV:EU) is a U.S.-based uranium producer focused on in-situ recovery (ISR) mining and exploration of uranium resources in the United States. The company produces uranium oxide (U3O8) through its operational ISR facilities, including the Rosita and Alta Mesa projects in South Texas; it also holds interests in the South Texas Altamira, Dewey-Burdock in South Dakota, and gas Hills in Wyoming projects. enCore offers uranium sales contracts to utilities, exploration services, and resource development activities targeting low-cost ISR production methods suitable for sandstone-hosted deposits.
Founded in 2014 and headquartered in Vancouver, Canada, with key operations centered in Texas and other U.S. states, enCore targets North American nuclear utilities and energy companies seeking domestic uranium supply amid growing clean energy demand. The company operates across the full uranium value chain from exploration and permitting to production and sales, with a portfolio of permitted and near-term projects positioning it as one of the few U.S. uranium producers.
Recent developments include the first uranium production at the Alta Mesa project in late 2024, marking a significant milestone in expanding licensed production capacity to over 20 million pounds annually; strategic alliances with utilities for long-term offtake agreements; and ongoing construction at the Rosita Central facility to boost output. In 2025, enCore announced the acquisition of additional mineral rights in South Texas and a funding round to support commissioning of new satellite facilities. These changes reflect the company's shift toward multi-project ISR operations, enhancing its position in the U.S. uranium market.