| Announcement Date: | 2022-03-02 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | enCore Energy Corp. |
| Project name: | Crownpoint and Hosta Butte |
| Location: | United States |
| Commodities: | Uranium |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | This Technical Report Update was prepared for enCore Energy Corp., (enCore), in compliance with National Instrument 43-101, Standards of Disclosure for Mineral Projects (NI 43-101) and in accordance with Canadian Institute Mining (CIM) Best Practice Guidelines for the Estimation of Mineral Resources and Mineral Reserves (CIM standards). The properties and project areas which are the subject of this Technical Report Update are held by Tigris Uranium U.S. Corp., a wholly owned subsidiary of enCore Energy Corp. (enCore). No current preliminary economic assessment of the Project and/or feasibility study has been completed for the Project. Thus, the additional requirements of Form 43-101F1, for advanced technical reports, Sections 15 through 22, do not currently apply and the estimates provided herein relate solely mineral resources not mineral reserves. Mineral resources are not mineral reserves and do not have demonstrated economic viability in accordance with CIM standards. However, considerations of reasonable prospects for economic extraction were applied to the mineral resource calculations herein. This report updates the Technical Report titled, “CROWNPOINT AND HOSTA BUTTE URANIUM PROJECT, McKinley County, New Mexico, USA, MINERAL RESOURCE TECHNICAL REPORT, NATIONAL INSTRUMENT 43-101”, and dated May 14, 2012, was prepared by BRS Inc., of Riverton, Wyoming, on behalf of Tigris Uranium Corp. (BRS 2012). |
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