enCore Energy (NASDAQ:EU) reported a surge in operational output for fiscal year 2025 on Monday, as the South Texas-based producer successfully ramped up its Alta Mesa and Rosita projects to capitalize on a tightening global uranium market.
The firm announced that total extraction reached 699,807 pounds in 2025, representing a 242% increase compared to the previous year.
The company executed sales deliveries of approximately 655,000 pounds of uranium at an average realized price of $65.89 per pound.
The producer ended the year with a significant physical inventory of 132,013 pounds valued at a cost basis of $37.77 per pound, providing substantial leverage to future spot price appreciation.
On the financial front, enCore reported a net loss per share of $(0.30) for the full year, reflecting the heavy capital expenditure associated with transitioning multiple In-Situ Recovery (ISR) sites into active production.
Total liquidity at year-end stood at $96 million.
This capital position was further bolstered in February 2026, when the exercise of approximately 6.6 million warrants provided an additional $18.1 million in gross proceeds to the company’s treasury.