enCore Energy Corp., America’s Clean Energy Company, has promoted Mr. Dain McCoig to Chief Operating Officer from Senior Vice President. Mr. McCoig has demonstrated exceptional leadership skills by spearheading the team responsible for planning and carrying out the Company’s significant production boost at the Atla Mesa In-Situ Recovery (“ISR”) Uranium Central Processing Plant (“CPP”) from early March 2025. In South Texas, the company has dramatically expanded the number of drill rigs spinning while cutting the time it takes to build new injection and extraction wells at Wellfield 7. Since he became the operations team leader, these team efforts have enabled uranium extraction rates to more than double.
The Company is pleased to report the following operational updates from the Alta Mesa Project:
- 2025 Uranium Extraction Rates (lbs U₃O₈)
|
June |
80,346 |
|
May |
65,188 |
|
April |
58,263 |
|
March |
67,817 |
|
February |
30,352 |
|
January |
15,647 |
- Q2/25 Output: 203,797 lbs of uranium (U₃O₈) extracted at Alta Mesa in Q2, up from 113,816 pounds extracted in Q1;
- Q2/25 Wellfield development continues to expand at an accelerated rate with 75 new wells (35 extraction and 40 injection) installed in Wellfield 7 during the quarter;
- 25 drill rigs are now active in South Texas with expected increases to 30 rigs during August 2025;
- Continued upgrading of the electrical system controlling wellfield operation, resulting in fewer and shorter operational interruptions;
- Continued advancement of drilling in advance of wellfield installations in Wellfield 7;
- Delineation and monitoring of well drilling for application of permit amendment for Wellfield 3 extension.
William M. Sheriff stated, “This is a well-earned and exciting advancement for Dain, who has been instrumental in leading and transforming our operations and expanding our uranium extraction rates. His steady leadership, deep technical expertise, and relentless focus on safety, efficiency, and execution have been essential to enCore’s success and growth. From building out our operational capabilities at Rosita and Alta Mesa to driving innovation, Dain has consistently demonstrated the vision and discipline that define great leadership. His ability to align field performance with corporate strategy has been critical as we’ve scaled our operations and positioned ourselves as a leading U.S. ISR uranium extraction company.”
Dain McCoig: Chief Operating Officer
Having worked in mining, mineral processing, and facility development for more than 18 years, Mr. McCoig is an accomplished engineering and operations leader. He oversaw uranium recovery operations across engineering, geology, and regulatory roles as Director of Operations at enCore Energy Corporation, promoting performance, cost-effectiveness, and technical excellence. Since March 2025, Mr. McCoig has been the Senior Vice President. He has shown exceptional leadership skills in leading the team to successfully and efficiently enhance uranium extraction rates in the South Texas facilities, while also expanding his position to manage project development efforts throughout the whole corporation.
Mr. McCoig was formerly Vice President of Operations at Alabama Graphite Products, where he oversaw the team building, designing, and construction of a $200 million battery-grade graphite factory. He managed uranium production, site rehabilitation, and early-stage project development while liaising with stakeholders, landowners, and regulators in a number of senior positions at URI, Inc. before this.
With a B.S. in Engineering from the Colorado School of Mines and an MBA from Auburn University, Dain is a licensed Professional Engineer in Texas and Alabama. He participates actively in a number of mining associations and industrial groupings, such as SME.
The Alta Mesa Uranium Project hosts a fully licensed and constructed ISR Central Processing Plant and operational wellfield located on 200,000+ acres of private land and mineral rights in and regulated by the state of Texas. Total operating capacity at the Alta Mesa CPP is 1.5 million pounds of uranium per year with an additional drying capacity of 0.5 million pounds. The Alta Mesa Uranium Project operates under a 70/30 joint venture with Boss Energy Limited that is managed by the Company.
The Alta Mesa CPP historically produced nearly 5 million pounds of uranium between 2005 and 2013 when production was curtailed as a result of low prices. The Alta Mesa Uranium Project utilizes well-known ISR technology to extract uranium in a non-invasive process using natural groundwater and oxygen. Currently, oxygenated water is being circulated in the wellfield through injection or extraction wells plumbed directly into the primary pipelines feeding the Alta Mesa CPP. Expansion of the wellfield will continue, with extraction to steadily increase from the wellfield as expansion continues through 2025 and beyond.
The Company also announces that Ms. Shona Wilson, Chief Financial Officer, will be leaving the organization following the filing of the 10Q in August. Ms. Wilson has been a dedicated and valued member of our team, and we are grateful for the contributions she has made during her time at enCore. With expanding operations at the Company, enCore has been conducting an active search for the Chief Financial Officer position with an emphasis on commodity production, U.S. public company operations and deep experience in SOX compliance. enCore has narrowed the search to a small list of highly qualified individuals and expects to announce the successful candidate in the coming weeks.
John M. Seeley, Ph.D., P.G., C.P.G., enCore’s Chief Geologist, and a Qualified Person under NI 43-101 and Regulation S-K subpart 1300 of the Exchange Act of 1933 as amended, has reviewed and approved the technical disclosure in this news release on behalf of the Company.
