EnCore Energy Reports US$18.5 Million After-Tax NPV For Tafoya-Marquez Project At $60 U3O8

EnCore Energy Corp. (TSXV: EU) shared today the results of its preliminary economic assessment for the recently consolidated Juan Tafoya and Marquez projects located in the Grant’s uranium district in northwest New Mexico. The results highlighted an US$18.5 million after-tax NPV5% and 16% after-tax IRR at a base case price of US$60 per yellowcake (U3O8) pound.

The PEA is based on the property containing 12.2 million pounds of yellowcake mineral at a diluted grade of 0.188% contained in a total of 6.0 million tonnes, mined over 15 years life of mine. Still working at base case price of US$60 per yellowcake pound, the study projects total revenue for the life of mine to be US$694.5 million while total cash flow after tax and royalties is estimated to be US$54.7 million.

Total capital costs for the life of mine are pegged at US$79.3 million while operating expenses are assessed to be US$558.0 million. Direct costs for the life of mine are expected to be at US$523.7 million and cash cost is at US$42.53 per yellow cake pound.

The preliminary economic study, a first for both properties, is effective starting June 9, 2021.

You may view the detailed results of the study here.

EnCore Energy Corp. last traded at $1.41 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

Rick Rule: The Real Silver Squeeze Is Yet To Happen

Returning to the Daily Dive today is Rick Rule, the former President and CEO of...

Thursday, January 27, 2022, 01:30:00 PM

Blue Sky Uranium Announces $2.56 Million Financing

Blue Sky Uranium Corp. (TSXV: BSK) came forward today to announce a non-brokered private placement....

Monday, July 12, 2021, 08:33:14 AM

European Commission’s Renewable Energy Proposal Could Drive Demand for Uranium

According to The Guardian newspaper in the UK, the European Commission (EC) has proposed classifying...

Wednesday, January 5, 2022, 03:32:00 PM

Why the World Faces a Uranium Supply Shock, Sooner Than You Think | Scott Melbye – Uranium Royalty

In this interview, Scott Melbye, CEO of Uranium Royalty Corp. (TSX: URC), examines the current...

Sunday, July 13, 2025, 11:19:00 AM

Uranium Energy Corp, enCore Energy Awarded Supply Contracts For Strategic Uranium Reserve

The US National Nuclear Security Administration (NNSA) has awarded the final two contracts in relation...

Tuesday, December 20, 2022, 07:42:52 AM