07:54 AM EST, 01/16/2025 (MT Newswires) -- enCore Energy (EU.V) jumped 3.6% at last look Thursday in Nasdaq pre-market trading as the company filed a new S-K 1300 technical report summary for its Dewey-Burdock project in South Dakota.

The filing discloses an updated mineral resource and preliminary economic assessment for the project, which hosts measured and indicated resources of 17.1 million pounds of uranium equivalent with an average grade of 0.12% uranium equivalent. Inferred resources stood at 712,624 pounds of uranium equivalent grading 0.06% uranium equivalent.

The preliminary economic study outlined an after-tax net present value of $133.6 million based on an 8% discount rate, with a 33% internal rate of return.

"This S-K 1300 Technical Report Summary for our Dewey-Burdock Project continues to demonstrate the project's robust economics for supporting enCore's uranium production pipeline," CEO Paul Goranson said. "At a time when continued and unprecedented geopolitical events demonstrate the value of domestically produced uranium to support America's increasing demand for energy, we expect that the Dewey-Burdock project has the potential to become a significant supplier of fuel for clean and reliable nuclear power."