Letter To Editor From enCore Energy

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Dear Editor,

An advertisement was placed on your radio station recently, by Ms. Susan Henderson, that contains inaccurate and defamatory comments regarding the Dewey-Burdock project. As owners of the project, we at enCore Energy Corp. (“enCore”) appreciate the opportunity to present accurate information. As a public company all information presented is required to comply with national standards and regulations.

Our company is headquartered in Corpus Christi, Texas and managed by a Board of Directors and management team that are 100% American citizens who live in the United States. Contrary to statements made, enCore is not owned by Russian interests or any companies mentioned in the advertisement. Additionally, water rights granted to the Dewey-Burdock project have been granted for the sole use of extracting uranium; the accusations Ms. Henderson is making would be a violation of state law.

At the site our team will operate an in-situ recovery (“ISR”) uranium operation. Ms. Henderson’s statements about the water use and aquifers are also inaccurate and misrepresent the actual proven mechanics of ISR; Ms. Henderson overstates the water use by 1000%. At the Dewey-Burdock Uranium Project, the operation will use ISR to draw water unsuitable for drinking from an aquifer located 700 feet below the surface and surrounded by clay layers. ISR operations recycle 99% of all water utilized and are required, by regulation, to return the land and water to their original state after production has been
completed.

ISR is a highly regulated and proven recovery process which removes uranium with minimal
environmental impacts (no mill tailings, heavy mining equipment or open pits). It has been utilized for over 50 years and there are zero incidents in the United States of ISR impacting groundwater used for drinking water. ISR has a relatively small footprint that allows ranching to continue alongside production operations and once complete valuable infrastructure often remains, including power lines and water wells.

enCore is committed to engaging and working with local communities to ensure we create a positive impact from our projects and is committed to using the best environmental practices. We respect the fact that people seek to ensure their quality of life and natural resources, especially water, are maintained. For more information on enCore Energy and the Dewey-Burdock Uranium Project please visit: www.encoreuranium.com and www.deweyburdock.info.

Paul Goranson is the enCore Energy Corp.’s Chief Executive Officer, and he has over 35 years’ experience in the uranium production industry.

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