enCore Energy Corp V.EU

Alta Vista Open House, marking first shipments, Oct 3rd.

[PulpCutter]

200k pounds net of U3O8 in inventory, 150k in process (multiply by $80/lb).

2024 cash flow will be in excess of $30 milllion.  2024 production 450-500k pounds, 2025 1.25million to 1.5 million pounds.

Alta Vista ramp-up, doubling current production, in 30-45 days.  Another ramp-up at around year's end; that will take AV up to 2/3rds of capacity, with the remainder coming from remote ion-exchange units.

[PulpCutter]

Production guidance:   2024:  450-500k ounces 2025: 1.25-1.50 million ounces End of 2026: 3 million ounce/yr run-rate, all from Texas Then the Wyoming/SD fields come online, potentially adding another 2 million pounds/yr by end of 2028.  The Texas production (first 3 million pounds/year) is more certain, with the plants fully built-out and operational, and drill fields

[psmith]

PC...was there a press release with this guidance in it?  I missed it...

[PulpCutter]

P Smith:   Sure.  Those 2024/5/6 production estimates are from Sheriff's presentation, just now, at the Beaver Creek Precious Metals meeting (link below, and also at EnCore's twitter site).   I was surprised how specific Sheriff made the numbers; as you said before, that level of detail in production estimate has been unusual for EnCore.  Suggests IMO that

[PulpCutter]

Simpler link. YouTube, cued-up so you can skip the introductory discussion of general uranium market conditions, and focus on Encore-specific information: https://youtu.be/aoEzUD6jNuQ?t=150