enCore Energy Names Dain McCoig as COO Amid Rising Uranium Production

enCore Energy Promotes Dain McCoig to Chief Operating Officer

Introduction

In an exciting move, enCore Energy Corp. (NASDAQ: EU | TSXV: EU), known as America's Clean Energy Company™, has promoted Dain McCoig to Chief Operating Officer. This decision comes as the company reports impressive operational successes at the Alta Mesa Project, particularly in uranium extraction rates. McCoig's recent leadership as Senior Vice President has been instrumental in amplifying production capacities and enhancing operational efficiencies.

Leadership and Achievements

Since taking on the leadership role in March 2025, McCoig has been pivotal in orchestrating an increase in uranium extraction rates at the Alta Mesa In-Situ Recovery (ISR) Uranium Central Processing Plant (CPP). Under his guidance, the number of drill rigs in South Texas has surged, significantly decreasing the time required to install new injection and extraction wells. Reports indicate that uranium extraction rates have more than doubled, a remarkable achievement that illustrates McCoig's operational acumen.

William M. Sheriff, enCore's Executive Chairman, commended McCoig's contributions, stating that his steady leadership and technical expertise have been vital for the company's success. McCoig’s approach not only focuses on increasing output but also emphasizes safety and efficiency, which are crucial aspects of the company's vision as a leader in ISR uranium extraction.

Latest Operational Updates

1. Increased Extraction Rates: In June 2025 alone, the company achieved an extraction of 80,346 lbs U3O8, significantly higher than previous months. The total output for Q2/2025 reached 203,797 lbs, showcasing a robust increase from 113,816 lbs recorded in Q1.
2. Wellfield Expansion: The company is expanding Wellfield 7, having installed 75 new wells, including 35 extraction and 40 injection wells during the last quarter. This expansion is anticipated to enhance the overall production capacity even further.
3. Drilling Operations: With 25 drill rigs currently operational and plans to increase this to 30 by August 2025, the company shows no signs of slowing down its operational momentum.
4. Electrical System Upgrades: Ongoing upgrades to the electrical system controlling the wellfield operations are leading to fewer and shorter operational interruptions, allowing for a smoother extraction process.
5. Future Prospects: The indicators are strong for continued growth as drilling and wellfield installations advance, reinforcing enCore's position in the uranium market.

Dain McCoig’s Background

Dain McCoig brings over 18 years of experience in mining, mineral processing, and facility development. Before joining enCore, he served as Vice President of Operations at Alabama Graphite Products, leading significant projects in graphite facility development. His extensive experience covers uranium production, site restoration, and regulatory compliance, which makes him a valuable asset to the enCore team.

He is a licensed Professional Engineer in Texas and Alabama and holds a B.S. in Engineering from the Colorado School of Mines. Additionally, he is pursuing an MBA at Auburn University while being actively involved in various industry organizations.

The Alta Mesa Project

The Alta Mesa Uranium Project is crucial to enCore's operations, situated on over 200,000 acres of private land in Texas. The fully licensed ISR CPP has an operating capacity of 1.5 million pounds of uranium annually. This project employs well-known ISR technology, which utilizes natural groundwater and oxygen for the extraction process, ensuring minimal environmental disruption.

Despite challenges in the uranium market in previous years, the Alta Mesa Project has potential for expansion and increased production, especially as enCore rolls out further innovations in its operational strategies.

Conclusion

As enCore Energy Corp. moves forward under Dain McCoig's leadership, the focus will remain on enhancing extraction capabilities while adhering to safety and environmental standards. The positive developments in uranium extraction rates highlight the company's commitment to positioning itself as a leader in the U.S. uranium sector. With a clear vision and a strong operational strategy, enCore is set to achieve significant milestones in the coming years.