enCore Energy Q2 net loss narrows to $(0.03)/share; uranium extraction up 79% QoQ

enCore Energy Corp.

2025-Q2 EPS reported -$0.16 revenue$21,904,000

Q2 net loss $(0.03)/share vs $(0.12) in Q2 2024; delivered 60,000 lbs U3O8 at $61.07/lb.
Extracted 203,798 lbs U3O8 in Q2, up 79% from Q1; daily production reached 2,678 lbs/day in June.
Cost of extracted U3O8 sold: $42.92/lb total ($28.86 cash); no purchases forecast for 2025.
Inventory 244,204 lbs at weighted avg cost $39.63/lb; working capital $30.2M, cash $26.9M.
Upper Spring Creek included in existing TCEQ RML; construction of satellite IX plant commenced.

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