1/5 Encore Energy $EU.V is my best performing, and biggest #uranium position to date, mostly due to me betting hard on them when they were «forgotten» in 2019 and early 2020. Their performance after that entry has been impressive.
2/5 Many have thought that they would follow the Energy Metals strategy of buying pounds in the ground, and betting on getting taken out in an acquisition.
The company has instead followed an aggressive strategy to get into production.
The company has instead followed an aggressive strategy to get into production.
3/5 Encore has focused on ISR properties. The company has three licensed Uranium Processing plants in South Texas with 3.6 M lbs U3O8 per year combined capacity, and a staged production profile from 2023 starting with the Rosita Project.
In addition they have focused on talent.
In addition they have focused on talent.
4/5 Getting properties and talent go hand in hand. They appointed Peter Luthiger, (responsible for managing the Alta Mesa IRS Uranium Project for Energy Fuels) as Chief Operating Officer in May 2022, months before the 14. November announcement of the Alta Mesa Acquisition.
5/5 The share price of Encore Energy has struggled in 2022 (-31%). Except for the still pending US listing, the string of news releases have all been positive.
The company do however have a chance to prove themselves in 2023 as one of the first companies to get into production
The company do however have a chance to prove themselves in 2023 as one of the first companies to get into production
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