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enCore Energy Corp. (TSX-V: EU) (OTCQB: ENCUF) is a uranium developer and explorer focused on advancing its portfolio of ISR and conventional assets in the United States. The Company is led by a team of uranium experts with a proven ability to build value within the domestic uranium sector. The enCore team was instrumental in advancing Energy Metals Corp. to compile the largest domestic uranium base in US history before the company was acquired for $1.8 billion during the last major uranium bull market. enCore Energy holds a 100% interest, with no holding costs, on 115,000+ acres (46,400 ha) of private mineral rights in New Mexico, including the large Crownpoint and Hosta Butte uranium deposits. A portion of these resources are under NRC license. Additionally, the Company also holds the Marquez and Treeline projects in New Mexico as well as a number of other properties in Utah, Arizona and Wyoming along with a leading position in the high-grade Northern Arizona Strip district.
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The company was formed in 2016 and in early 2017, acquired Ursa Major Minerals, a private company that owned the past producing Shakespeare Mine and Shining Tree project. Shakespeare is situated 70 km to the south-west of the Sudbury Basin. Magna has since assembled a contiguous land package of over 180km², much of which has seen little exploration work and yet remains prospective for further nickel, copper and PGM discoveries.