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Chief operating officers

enCore Energy Corp. Announces Promotion of Dain McCoig to Chief Operating Officer and Operational Updates at the Alta Mesa ISR Uranium Central Processing Plant

Strategic Insights

— 2 min read

enCore Energy Corp., America's Clean Energy Company, today announced the promotion of Mr. Dain McCoig from Senior Vice-President to Chief Operating Officer, highlighting his outstanding leadership in orchestrating and implementing the Company's dramatic increase in production at the Alta Mesa In-Situ Recovery (ISR) Uranium Central Processing Plant since early March 2025. This achievement has been realized through a substantial increase in the number of drill rigs turning in South Texas, coupled with a significant shortening of the installation time for new injection and extraction wells at Wellfield 7. Notably, the team's efforts have resulted in more than a doubling of uranium extraction rates since Mr. McCoig took over leadership of the operations team.

Key Takeaways:

  • enCore Energy Corp. has announced the promotion of Dain McCoig to Chief Operating Officer, effective immediately, in recognition of his exceptional leadership and contribution to the Company's growth and expansion.
  • Mr. McCoig has been instrumental in leading the team to more than double uranium extraction rates since he took over as Senior Vice-President in March 2025.
  • The Alta Mesa ISR Uranium Central Processing Plant has seen a substantial increase in production, with a record 203,797 pounds of uranium (U3O8) extracted in Q2 2025, marking a significant jump from the 113,816 pounds extracted in Q1.
  • The 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, representing a 75% increase in the number of wells installed in Q2 compared to Q1.
  • 25 drill rigs are now active in South Texas, with expected increases to 30 drill rigs by August 2025.
  • The team has also continued the upgrading of the electrical system controlling wellfield operation, resulting in fewer and shorter operational interruptions.
  • enCore Energy Corp. has announced that Chief Financial Officer, Ms. Shona Wilson, will be leaving the organization following the filing of the 10-Q in August, and the Company is conducting an active search for a new CFO with emphasis on commodity production, U.S. public company operations, and SOX compliance.
  • The Company is committed to expanding its operations at the Alta Mesa uranium facility, with plans to increase extraction rates throughout 2025 and beyond.

Statistics:

  • Q2 2025 uranium extraction rates: 203,797 pounds
  • Q2 2025 total uranium extracted: 113,816 pounds in Q1
  • Number of drill rigs active in South Texas: 25 (expected to increase to 30 by August 2025)
  • New wells installed in Wellfield 7: 75 (35 extraction and 40 injection)
  • Total operating capacity at the Alta Mesa CPP: 1.5 million pounds of uranium per year
  • Additional drying capacity: 0.5 million pounds

Sources:

  • enCore Energy Corp. press release, July 28, 2025
  • "Alta Mesa ISR Uranium CPP and Wellfield" Fact Sheet, enCore Energy Corp.
  • Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, management discussion and analysis, and annual information form.

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