![]() The same conditions occur elsewhere in the United States including some deposits in Wyoming.ĮnCore currently uses PFN technology in its delineation of ore bodies in anticipation of installing production wellfields at the Company’s South Texas Rosita and Alta Mesa ISR Uranium Projects. This is particularly applicable at enCore’s South Texas properties where in-situ geochemical conditions allow some of the radiometric components, such as uranium, to be out of equilibrium with their gamma signatures. PFN technology is critical to successful in-situ recovery (ISR) uranium project development as it directly measures downhole U 3O 8 ore grade versus traditional Total Gamma and Spectral Gamma methods which measure radioactivity emitted from a variety of elements associated with uranium. ![]() We are using this proven PFN technology right now as we install our production patterns in our soon to be producing wellfields.” We have already seen the benefits of the technology in the past with reliable uranium resource estimates derived from PFN that were confirmed by historical production results. Paul Goranson, enCore’s Chief Executive Officer, said, “PFN technology is far superior to traditional downhole gamma measurements where an array of different elements emits a collective gamma signature which may or may not correlate well with the actual uranium content. Power supplies, computers, communication equipment, and other technology.Two low-mileage, heavy-duty logging trucks with logging and associated equipment.Nine gamma downhole wireline probes with single point resistivity, spontaneous potential and deviation.The sole right to utilize the license of the PFN technology globally.Associated proprietary intellectual property, including all internal details of the tools, circuit board diagrams, firmware code, software, manuals, instructions. ![]() The PFN equipment and technology acquired by enCore for $3.1 million USD includes:
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