TSX.V: EU
OTCQB:ENCUF
www.encoreuranium.com
CORPUS
CHRISTI, Texas, May 3, 2022
/CNW/ - enCore Energy Corp. ("enCore" or the
"Company") (TSXV: EU) (OTCQB: ENCUF) announced today the
appointment of Mr. Peter Luthiger as
Chief Operating Officer. Mr. Luthiger will be responsible for
the commissioning and operation of the Rosita Uranium
Processing Plant in South Texas.
The Plant modernization and refurbishment is essential to the
Company goal of becoming the next producer of American uranium. Mr.
Luthiger will also be integral to the Company's plant capacity
expansion in South Texas, along
with expansion of operations in Wyoming, South
Dakota, and New Mexico.
CEO Paul Goranson stated "We are
very excited that Peter Luthiger has
joined the enCore Energy team. I have had the good fortune of
working with Peter over a span of 25 years as his direct supervisor
and as a colleague in the uranium industry. He has earned my
complete trust and has proven his capability of successfully
delivering projects on time and on budget. He brings a wealth of
operational and management experience that bolsters enCore's
industry leading expertise in ISR uranium production. As we
continue to advance to production in South Texas, while advancing future production
in Wyoming and South Dakota, Peter has the proven track
record to meet every target for enCore's business. I am personally
grateful that Peter saw enCore as the best work environment to lead
in the next uranium renaissance in the U.S."
Peter
Luthiger, Chief Operating Officer
Mr. Luthiger brings over 35 years of in-situ recovery (ISR) and
conventional uranium production, processing, exploration, radiation
safety and environmental management experience within the uranium
fuel cycle. Recently serving as the Director of Texas
Operations for Energy Fuels Inc. he was responsible for managing
the Alta Mesa ISR Uranium Project. While working for Energy Fuels,
Mr. Luthiger was responsible for the standby operations of the 1.5
million pound U3O8 per year capacity ISR
production center during which time successful completion of
groundwater restoration and release of financial assurance with the
State of Texas was achieved. Mr.
Luthiger served as the Vice President of Mesteña Uranium LLC, a
private company that owned the Alta Mesa ISR Uranium Project, that
at its peak operation employed a workforce of over 100 direct and
contractor employees. Prior to that, Mr. Luthiger worked for BHP
Billiton PLC/Rio Algom Mining LLC, in Grants, New Mexico
where he was the Manager, Regulatory Compliance and Licensing where
he managed the successful decommissioning efforts of two former
uranium mills and the accompanying underground mines. Mr. Luthiger
was also involved with the radiation safety programs for testing
activities at the Nevada Test Site for the U.S. Department of
Energy.
Mr. Luthiger also has extensive experience in effectively
managing legislative and regulatory affairs as well as permitting
and compliance with a commitment to Health Safety and Environmental
(HSE) management excellence. He has directly managed reclamation
and closure programs including surface reclamation for ISR and
conventional mine/mill sites, tailings facilities, groundwater
restoration, and audit support for several diverse extraction
operations.
Mr. Luthiger has a degree in Geological Engineering from the
Mackay School on Mines, University of Nevada,
Reno. He is the Vice Chair of the Texas Mining and
Reclamation Association, Section Chair and a member of the Texas
Mining and Reclamation Association, Section Chair and a member of
the Society for Mining, Metallurgy and Exploration (SME).
Mr. Luthiger, as part of his compensation package, has been
granted 250,000 stock options. 25% to vest six months following the
grant, and the remainder vesting in 25% increments every 6 months
thereafter. The stock options are exercisable for a term of five
years at an exercise price of $1.44
per common share.
Rosita Central Uranium Processing
Plant (Rosita Plant)
enCore's Rosita Plant, located approximately 60 miles from
Corpus Christi, Texas, is a
licensed, past-producing in-situ recovery (ISR) uranium plant
currently under modernization and refurbishment. With a
completion deadline at the end of Q2/2022, the plant is on schedule
and on budget to meet a 2023 production target. The Rosita Plant is
designed to process uranium feed from multiple satellite
operations, all located in the South
Texas area and is 1 of 11 licensed uranium processing plants
in the United States, 2 of which
are owned by enCore Energy.
About enCore Energy
Corp.
enCore Energy is rapidly advancing towards becoming the next
producer of American uranium. With approximately 90 million pounds
of U3O8 estimated in the measured and
indicated categories and 9 million pounds of
U3O8 estimated in the inferred
category1, enCore is the most diversified in-situ
recovery uranium development company in the United States. enCore is focused on
becoming the next uranium producer from its licensed and
past-producing South Texas Rosita Processing Plant by 2023. The
South Dakota-based Dewey Burdock and Wyoming Gas Hills projects
offer mid-term production opportunities with significant
New Mexico uranium resource
endowments providing long-term opportunities. The enCore team is
led by industry experts with extensive knowledge and experience in
all aspects of ISR uranium operations and the nuclear fuel
cycle.
Learn More about enCore Energy
1
|
Mineral resource
estimates are based on technical reports prepared in accordance
with NI43-101 and available on SEDAR as well as company websites at
www.encoreuranium.com.
|
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VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Certain information in this news release constitutes
forward-looking statements under applicable securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
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terms such as "may", "should", "anticipate", "expect", "potential",
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Forward-looking statements necessarily involve known and unknown
risks, including, without limitation, risks associated with general
economic conditions; adverse industry events; future legislative
and regulatory developments; inability to access additional
capital; the ability of enCore to implement its business
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undue reliance on forward-looking statements as there can be no
assurance that the plans, intentions or expectations upon which
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SOURCE enCore Energy Corp.