ENCORE ENERGY - Key Persons

Job Titles:

• Certified Public Accountant
• BBA

Ms. Mierkey is a Certified Public Accountant with over 15 years of experience in finance for both private and public companies. She has spent most of her career working in various financial roles at Energy Fuels, Inc. and Cameco Resources (Cameco, Inc.'s U.S. uranium operations). She has experience in operational and production financial reporting and accounting, as well as U.S. GAAP and tax reporting. She also has experience in managing the financial aspects of mergers and acquisitions. Ms. Mierkey comes to the Company from Motion & Flow Control Products, Inc. where she recently served as Corporate Controller.

Dr. Underhill is a consulting economic geologist with 50 years of international experience with natural resource exploration, development and analysis including 40 years with a specific emphasis on uranium. He is an internationally recognized uranium expert, with broad based knowledge in all phases of both commercial and International Atomic Energy Agency ("IAEA") uranium programs. His specialties range from world uranium geology and resources, resource estimation, ISL technology, through preparation of NI 43-101 Technical Reports. Dr. Underhill has a PhD Geology from McMaster University (Ontario, Canada); an MBA from Colorado State System (USA); an MSc Geology from McGill University (Montreal, Canada); and a BA Geology from the University of Connecticut (USA). He has made presentations on uranium resources, production and supply-demand on five continents, and advised governments, including the USA, Australia and China, on uranium resources and production technology.

Dr. Stover, a co-inventor of in-situ recovery (ISR) technology that enCore uses exclusively in our processing plants, also holds numerous patents related to ISR applications. He is a leading expert in in-situ metal recovery, with dozens of relevant technical publications. Dr. Stover commenced his work in ISR technology in Texas in the 1960s and now bears witness to the application of the technology, resulting in over 60% of worldwide uranium production. Dr. Stover has a 40-year career focused on direct involvement with commercial uranium exploration, project development, and mining operations. Until his retirement in 2011, Dr. Stover previously served as Chief Executive Officer of enCore Energy; and before that as Executive Vice President, Americas for Uranium One, Inc. where he oversaw commercial development of Uranium One's substantial U.S. uranium assets as well other uranium assets in the Americas. Previous to this position, he served as Chief Operating Office for Energy Metals Corporation (EMC) and was instrumental in advancing its US assets prior to its sale to Uranium One, Inc. Dr. Stover holds BSE, MSE, and PhD degrees in Chemical Engineering from The University of Michigan as well as a BA in Chemistry from Kalamazoo College. He has co-authored three IAEA Guidebooks and Manuals related to both Acidic and Alkaline Uranium ISR technology and is the author of six United States Patents concerning various aspect of in-situ recovery of uranium and reservoir restoration. Dr. Stover is a member of numerous professional societies.

Job Titles:

• MEMBER of the ADVISORY COMMITTEE

Mr. Spiering is a registered geologist with over 30 years of experience in the mineral exploration sector including 10 years focused on uranium exploration in the US. He recently served as VP Exploration for Quaterra Resources where he led the discovery of the only two breccia pipe uranium deposits found in Arizona since the 1990s. Mr. Spiering utilized advances in modern geophysical technology to assist in target evaluation prior to drill testing which resulted in new uranium discoveries. He has also been involved in the discovery and development the Aguablanca nickel sulfide mine, El Valle and Carles gold mines along with two copper porphyry deposits in Nevada. Prior to his role with Quaterra, he served as VP Exploration with Rio Narcea Gold Mines Ltd. which was subsequently acquired for $858M by Lundin Mining in 2007. Mr. Spiering graduated from the University of Utah with a Bachelor of Science in 1978.

Mr. Zerzan has held senior leadership positions in both the government and the private sector. During his career in public service, he has held several prominent roles, most recently as Principal Deputy Solicitor of the United States Department of the Interior. In this position, Mr. Zerzan directed legal efforts in areas including energy development, access to public lands, environmental reform, and tribal relations. Previously, Mr. Zerzan was appointed Deputy Assistant Secretary of the United States Treasury and has also served as counsel to three different Congressional committees. In the private sector, Mr. Zerzan has been Counsel and Head of Global Public Policy for the International Swaps and Derivatives Association, Director at Koch Companies, and a shareholder in the law firm Jordan Ramis PC. Mr. Zerzan has served as a Senior Fellow at the University of Melbourne, Australia School of Law and frequently speaks at conferences, trade associations and on television regarding matters of law and regulatory policy. Mr. Zerzan holds a B.A. from Willamette University and a J.D. from Willamette University College of Law

Dr. Seeley brings over 30 years of professional expertise in geologic, geophysical, and geoinformatics management, natural resource exploration and production management, environmental management, consulting and academics. Prior to his current role with enCore Energy, Dr. Seeley's past uranium experience included Texas Exploration Manager/GIS Manager/Senior Geologist for Cameco Resources, Inc. in Casper, Wyoming from 2011 to 2013 and Regional Exploration Geologist/GIS Manager for URI, Inc., in Corpus Christi, Texas from 2006 to 2009. He has over 23 years of geologic and geophysical consulting experience with previous uranium consulting for Mesteña Uranium in Corpus Christi, TX (2009-2010), Uranium Energy Corp in Corpus Christi, Texas (2010), and Cameco Resources, Inc. in Casper, Wyoming (2010-2011). Dr. Seeley also served as Assistant Professor of Geosciences at Midwestern State University in Wichita Falls, Texas from 2005 to 2006, and was Adjunct Professor of Geosciences at Northwest Vista College in San Antonio from 2017 to 2018. Dr. Seeley's previous environmental experience includes soil and groundwater resources management, assessment and restoration. He has served in various geological roles from Staff Geologist to Project Manager, and most recently as Branch Manager, San Antonio regional office for eTech Environmental, Inc. (Midland, Texas) from 2018 to 2021. He is a Certified Professional Geologist and Licensed Professional Geoscientist in Texas, and a Qualified Person (QP) as defined under National Instrument 43-101 standards. Dr. Seeley holds a Ph.D. degree in Geology and Geophysics from The University of Texas at El Paso, El Paso, Texas, and both M.Sc. and B.Sc. degrees in Geology from Texas A&I University in Kingsville, Texas.

Job Titles:

• MEMBER of the ADVISORY COMMITTEE
• Founder and President of MineWater LLC

Mr. Harrington is the founder and President of MineWater LLC. MineWater manages contaminated sites for private and government entities and remediates and redevelops land and water resources in jurisdictions across the western USA. Formerly he was Vice President of Business & Strategic Development with Alexco Environmental Group, he previously served as the CEO and Founder of Green World Science, and the patent inventor of heavy metals immobilization treatment technology and related in-situ bioremediation processes. Prior to his role at Alexco, Mr. Harrington was the Vice President of the mining and metals business for ARCADIS, and conducted research and development for controlled release fertilizers, fuel ethanol, phosphate mineral processing and bioremediation technologies for the J.R. Simplot Company. Mr. Harrington previously served on the advisory board of Energy Metals Corporation. Mr. Harrington graduated summa cum laude from the University of Idaho in 1996 with majors in Chemistry and Microbiology and completed his graduate work at the University of Idaho in 1998 in Metallurgical Engineering.

Mr. Pelizza has spent 45 years in the uranium industry with project experience including the Alta Mesa, Benavides, Kingsville Dome, Longoria, Palangana, Rosita, West Cole and the Vasquez projects, all in Texas. He was also responsible for the permitting and licensing of the Church Rock, Crownpoint, and Unit 1 projects in New Mexico and the North Platte project in Wyoming. Currently, Mr. Pelizza is the Principal of M.S. Pelizza & Associates LLC, where he represents extractive industry clients. He previously served as Sr. Vice President of Health, Safety and Environmental Affairs with Uranium Resources, Inc. He has also previously worked with Union Carbide Corp. Mr. Pelizza received his B.S. in Geology from Fort Lewis College and his M.S. in Geological Engineering from the Colorado School of Mines. He is a licensed Professional Geoscientist in Texas and a Certified Professional Geologist with the American Institute of Professional Geologists. He is the Past Chairman of the Texas Mining and Reclamation Association and the Past Chairman of the Uranium Producers of America.

Mr. McCoig began his career in 2004 as the Plant Engineer for Uranium Resources Inc. (URI) at the Kingsville Dome ISR Uranium Central Processing Plant (CPP) in South Texas, now owned by enCore Energy. As URI's Plant Superintendent, Senior Engineer, Manager of Operations and Vice President, Operations, Mr. McCoig worked on URI's South Texas and New Mexico projects. He was involved in all aspects of the uranium extraction process, including design, construction, operations and reclamation. Mr. McCoig oversaw the startup of the Rosita CPP (now owned by enCore Energy), the Kingsville CPP and the Vasquez project. He most recently served as Vice President of Operations during the construction of a graphite facility in Alabama before returning to the uranium extraction industry. Mr. McCoig has a BSc in engineering from the Colorado School of Mines and is a licensed professional engineer in the state of Texas.

Job Titles:

• Chairman of the ADVISORY COMMITTEE

Mr. Tewalt served as the President and CEO of Wolfpack Gold Corp., a predecessor to EnCore Energy, and has over 35 years of experience in exploration and executive management positions in the Western United States. Prior to its merger with Silver Predator Corp., Mr. Tewalt founded Nevgold Resource Corp. in 2007 and Colombian Mines Corporation in 2006, serving as Chief Executive Officer for both companies. In 2006, as President and CEO of Standard Uranium Inc., Mr. Tewalt completed a private company acquisition in Texas that resulted in the uranium explorer progressing from a private start-up in 2003, gaining a public listing in 2004, and winding up as a successful buy-out in 2006 by Energy Metals Corp. (subsequently acquired by Uranium One for $1.8B). Prior to Standard Uranium, he was the co-founder and Chief Executive Officer of Great Basin Gold Ltd., where he and his exploration team discovered the Midas-style vein system and completed the Hollister "Ivanhoe" Mine acquisition. Mr. Tewalt currently serves on the Boards of EnCore Energy and Silver Predator Corp., while providing consulting geologic services to several public and private exploration companies.

Mr. Goranson, through his 30+ year career, has taken the initial work in the field of in-situ recovery (ISR) technology and elevated commercial uranium production to a large scale. He is an experienced executive with an impressive history in the uranium extraction industry, including building, renovating and operating a number of ISR facilities in the United States, including our Alta Mesa and Rosita ISR projects. Most recently, Mr. Goranson was the Chief Operating Officer for Energy Fuels Resources (USA) Inc., where he was responsible for the operations of the company's conventional and in-situ recovery uranium projects, including Nichols Ranch and Alta Mesa ISR Projects. Mr. Goranson served as President, Chief Operating Officer and Director for Uranerz, where he was responsible for commissioning, operating and expanding the Nichols Ranch ISR Uranium Project. Mr. Goranson was President, Cameco Resources, the company that operated Cameco, Inc.'s U.S. ISR operations. Also, Mr. Goranson was Vice President of Mesteña Uranium LLC, where he led the construction, startup and operation of the Alta Mesa project which achieved over one million pounds of uranium production per year. His responsibilities included marketing uranium, negotiating long-term uranium supply contracts and spot uranium sales with nuclear utilities . In addition to his experience with conventional and ISR uranium production, Mr. Goranson has extensive experience in uranium markets, Federal and State regulatory affairs and government policy. Mr. Goranson has recently served as the President of the Uranium Producers of America, and as the President of the Wyoming Mining Association. He has served in leadership positions within the National Mining Association, Texas Mining and Reclamation Association, and the Nuclear Energy Institute. He currently serves on the Board of Brush Country Groundwater Conservation District located in South Texas. Mr. Goranson is a registered Professional Engineer in the State of Texas, and he holds a Master of Science in Environmental Engineering and a Bachelor of Science in Natural Gas Engineering from Texas A&M University-Kingsville and Texas A& I University, respectively.

Mr. Luthiger brings over 35 years of in-situ recovery (ISR) and conventional uranium production, processing, exploration, radiation safety, and environmental management experience within the uranium fuel cycle. Recently serving as the Director of Texas Operations for Energy Fuels Inc., he managed the Alta Mesa ISR Uranium Project. While working for Energy Fuels, Mr. Luthiger was responsible for the standby operations of the 1.5 mm pound U 3 O 8 per year capacity ISR production center. Mr. Luthiger served as the Vice President of Mesteña Uranium LLC, a private company that owned the Alta Mesa ISR Uranium Project, that, at its peak operation, employed a workforce of over 100 direct and contractor employees. Prior to that, Mr. Luthiger worked for BHP Billiton PLC/Rio Algom Mining LLC, in Grants, New Mexico where he was the Manager, Regulatory Compliance and Licensing. Mr. Luthiger has a degree in Geological Engineering from the Mackay School of Mines, University of Nevada, Reno and is the Chair of the Texas Mining and Reclamation Association.

Mr. Cherry is a veteran executive of the nuclear industry, having worked for several leading companies in the areas of uranium mining, production, conversion, marketing, and power generation operations for 40 years. He is currently employed as a consultant to the uranium mining industry. Mr. Cherry previously served as President and CEO of Cotter Corporation and Nuclear Fuels Corporation, both affiliates of General Atomics Corporation. Mr. Cherry was responsible for all aspects of Cotter's mining and milling operations in Colorado, including uranium and vanadium ores, with over 200 employees. His participation in Nuclear Fuels Corporation made him responsible for the worldwide uranium marketing efforts for all General Atomics' affiliates. Mr. Cherry holds an M.S. in Mechanical Engineering from Wichita State University and a B.S. in Engineering Physics from the University of Oklahoma. He holds a US patent in the area of minerals production and has made presentations to industry groups and government agencies.

Job Titles:

• Nuclear Industry Leader

Ms. Hoxie-Key is a proven nuclear industry leader, with more than 40 years of engineering experience covering nuclear core design, nuclear fuel-related licensing, nuclear fuel procurement, oversight of nuclear fuel-related engineering products, and direct support of reactor operations. She worked for Southern Nuclear Operating Company (SNC) for 31 years, where she directed and conducted complex multi-disciplinary projects involving in-reactor fuel performance, fuel procurement, fuel-related licensing, and core design. She also served as the SNC lead for nuclear industry efforts to increase the uranium enrichment limit above 5 weight percent and to increase the current licensed fuel burnup limit. Ms. Hoxie-Key was a 2008 winner of the American Nuclear Society (ANS) Oestmann Achievement Award for technical achievement in the fields of nuclear science, engineering, research, or education. She has also held numerous nuclear industry leadership roles across the years, including Chairman of the World Nuclear Fuel Market (WNFM) Board of Governors between June 2016 and June 2018, and member of the Nuclear Energy Institute (NEI) Accident Tolerant Fuel Safety Benefits and Licensing Task Forces. Ms. Hoxie-Key earned her bachelor's degree in nuclear engineering from Mississippi State University and her master's degree in nuclear engineering from Georgia Institute of Technology. She is a registered Professional Engineer in Alabama and Georgia.

Job Titles:

• Partner

Mr. Harris is a partner in Solo Management Group, LLC, an investment and management consulting partnership. He was previously a board member of Energy Metals Corporation, Chairman and Executive Committee member of the American Fiber Manufacturers Association, and President and Chief Executive Officer of Hoechst Fibers Worldwide, the global acetate and polyester business of Hoechst AG. At Hoechst Fibers Worldwide, Mr. Harris managed the business' $5 billion operation, comprised of 21,000 employees and production locations in 14 different countries. Harris is currently a Director of Scandium International Mining Corp. Mr. Harris is a graduate of Harvard College, BA in English, and Columbia University Graduate School of Business, MBA in finance.

Mr. Sheriff, as the founder and Executive Chairman, has advanced the company from inception to a near-term producer with a multi-jurisdictional United States asset base. Mr. Sheriff is an entrepreneur and visionary with over 40 years of experience in the minerals industry and the securities industry, and has been responsible for significant capital raises along with corporate development. Mr. Sheriff was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp. and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp for $1.8 Billion in 2007. With his in-depth understanding of the nuclear industry and market conditions, plus his knowledge of the financial markets, Mr. Sheriff is regarded as a leader and avid supporter of nuclear energy as a clean and reliable energy source for the United States. Mr. Sheriff also has a significant interest in the gold exploration sector with personal and corporate gold exploration assets across the United States and Canada. He is a Director and co-founder of Group 11 Technologies Inc, a private company committed to the development and application of environmentally and socially responsible precious metals mineral extraction as an alternative to conventional mining methods. Mr. Sheriff holds a B.Sc. degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. He has compiled one of the largest privately-held mining databases in the world, providing enCore with exclusive access to proprietary uranium projects.