enCore Energy Welcomes Wayne Heili to the Board of Directors Amid Director Transition

enCore Energy Corp. Expansion with New Board Member

Dallas, TX - enCore Energy Corp. (NASDAQ: EU) solidifies its leadership in the clean energy sector by appointing new board member Wayne Heili, effective immediately. This strategic move coincides with the retirement announcement of Dr. Dennis Stover, which will take effect on December 31, 2025.

William M. Sheriff, the Executive Chairman of enCore, expressed enthusiasm about Wayne joining the team, noting his vast experience will be instrumental in further positioning enCore as a leader in the uranium industry. He acknowledged Dr. Stover’s five-decade-long dedication to the industry, emphasizing his critical role in advancing safe and sustainable fuel solutions.

Mr. Heili is a metallurgical engineer with over 35 years of expertise in uranium recovery. He has held key positions including Vice President of Mining and CEO at Ur-Energy Inc., where he successfully steered projects from inception to production. Most recently, he led Peninsula Energy Limited, overcoming numerous obstacles to bring the Lance Project in Wyoming to fruition in 2025. Wayne’s extensive background uniquely positions him to lead new project developments and regulatory affairs.

Dr. Stover, upon his retirement, won’t vanish quietly from the enCore landscape; he will remain an integral part of the company as the Chair of the Technical Advisory Committee, ensuring his wealth of knowledge continues to benefit the company.

In conjunction with his appointment, Mr. Heili is receiving an equity package under the company’s Long-Term Incentive Plan. This includes restricted stock units vested over two years and stock options, further aligning his interests with the company and its shareholders.

As enCore Energy looks ahead, it remains focused on developing projects such as the Dewey Burdock Project in South Dakota and the Gas Hills Project in Wyoming. The dedication to community engagement also remains a critical component of enCore’s operational strategy. With Heili on board, enCore is poised to navigate the challenges of the uranium market and amplify its presence in the nuclear energy landscape.

The company’s commitment to utilizing in-situ recovery (ISR) techniques ensures that they maintain a leading edge in domestic uranium extraction, all while upholding a commitment to environmental stewardship and collaboration with local communities.

While these developments signal positive growth for enCore Energy, they come amidst the volatile dynamics of energy markets which can affect future operations and planning. The forward-looking statements regarding operational strategies reflect management’s goals but also emphasize the inherent risks involved in the industrial sector.

In conclusion, enCore Energy's leadership transition not only brings new expertise to its board but also reinforces the company's ongoing commitment to innovation and sustainability within the uranium production industry, as they continue their mission of providing clean, reliable nuclear fuel solutions for the future.