Nuclear Engineer, Susan Hoxie-Key, Joins Encore Energy Board of Directors
NUCLEAR ENGINEER, SUSAN HOXIE-KEY, JOINS ENCORE
ENERGY BOARD OF DIRECTORS
CORPUS CHRISTI, Texas
,
June 1, 2022
/CNW/ -
enCore Energy Corp.
("
enCore
" or the "
Company
") (TSXV: EU) (OTCQB:
ENCUF) announced today that Ms.
Susan Hoxie-Key
has been appointed as the newest member of its Board of Directors, effective
June 1, 2022
. 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.
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
,
member of the Nuclear Energy Institute (NEI) Accident Tolerant Fuel Safety Benefits and Licensing Task Forces, and member of
Electric Power Research Institute (EPRI) PWR (Pressurized Water Reactor) Technical Advisory Committee.
Ms. Hoxie-Key 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 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
.
"We are pleased to welcome Susan to the Board of Directors of enCore Energy," said
William M. Sheriff
, Executive Chairman. "Susan
brings a wealth of experience and expertise to the Company from the user end of the nuclear fuel cycle. She is a recognized nuclear
industry leader and operator with over 40 years' experience. Her knowledge, skillset and strong relationships with our industry,
government agencies and regulators will complement our existing board members who together provide enCore with direct expertise
in all elements of the nuclear fuel cycle from uranium discovery and production through conversion and enrichment to consumption in
nuclear plant power generation. She will be an incredible asset for our company as we advance our strategic plan."
Paul Goranson
, Chief Executive Officer added, "I have known Susan for nearly 20 years as a colleague in the nuclear industry through
various trade associations. In those interactions, I saw firsthand her leadership skills and calm approach to solving some complex,
industry wide issues. I look forward to working with her on our Board as we continue to transform into a leading US uranium producer
at a time of significantly increasing demand."
In conjunction with the appointment, the Company approved to grant Ms. Hoxie-Key 500,000 stock options with 25% vesting in 6
months and 25% every 6 months thereafter. The stock options are exercisable for a term of five years at an exercise price of
$1.25
per common share.
About enCore
With approximately 90 million pounds of U
3
O
8
estimated in the measured and indicated categories and 9 million pounds of U3O8
estimated in the inferred category
1
, enCore is the most diversified in-situ recovery uranium development company in
the United States
.
enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant
by 2023. The
South Dakota
-based
Dewey Burdock
project and the Wyoming Gas Hills project offer mid-term production opportunities
with significant
New Mexico
uranium resource endowments providing long-term opportunities. The enCore team is led by industry
experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle.
For more information, visit
www.encoreuranium.com.
1
Mineral resource estimates are based on technical reports prepared in accordance with NI43-101 and available on SEDAR as well as company websites at
www.encoreuranium.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
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SOURCE
enCore Energy Corp.
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For further information:
William M. Sheriff, Executive Chairman, 972-333-2214, [email protected]; www.encoreuranium.com
CO: enCore Energy Corp.
CNW 07:00e 01-JUN-22