MASHINIi

enCore Energy Corp..

EU.US | Mining of uranium and thorium ores

enCore Energy Corp. is a uranium development company focused on becoming the next low-cost in-situ recovery (ISR) uranium producer. enCore Energy is focused on near-term uranium production from its licensed and permitted South Texas Rosita ISR Uranium Processing Plant. The company also holds a large...Show More

Ethical Profile

Mixed.

enCore Energy Corp.'s uranium mining operations conflict with 'Better Health for All' due to radiation exposure, groundwater contamination, and radon release risks. The business model also conflicts with 'Planet-Friendly Business' and 'Zero Waste & Sustainable Products' given waste generation. Despite this, enCore Energy states it operates to 'highest standards' for health, safety, and environment. Its ISR operations reportedly recycle 99% of water. The company has validated science-based targets to a 1.5 °C pathway, with deforestation policy implementation at 50-60%. While enCore reports community engagement and respecting indigenous people, specific quantitative data for these and other ethical initiatives is limited, hindering a full assessment.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-50
-100100

Better Health for All

0

No evidence available to assess enCore Energy Corp. on Better Health for All.

Fair Money & Economic Opportunity

0

enCore Energy Corp. is a uranium development and production company, as consistently described across all provided articles. Its core business activities focus on uranium extraction, processing, and sales. The company does not offer lending, deposit, or other financial services to consumers.

1
Therefore, all Key Performance Indicators (KPIs) related to fair money and economic opportunity, which are designed for financial institutions, are not applicable to enCore Energy Corp.

Fair Pay & Worker Respect

0

enCore Energy Corp. offers health and welfare benefits to employees and their families at a low cost as part of their compensation package.

1
The company grew from 3 employees in 2021 to 87 employees by the end of 2023.
2
enCore adheres to US Federal and Texas State labor and wage laws, including child labor laws, and its policy expressly prohibits forced labor, child labor, or human trafficking in its operations or supply chain.
3
The company has a whistleblower policy and a third-party reporting system for employees, contractors, suppliers, and the public to report violations, including human rights issues.
4
enCore's Vendor Code of Conduct requires suppliers to comply with all applicable employment laws, prohibit discrimination, and strictly prohibit child or forced labor.
5
The company conducts regular internal audits of operations and internal mid-year effectiveness checks related to human rights management.
6
No substantiated labor law or human rights violations for enCore Energy Corp. are reported in the provided articles. The company does not provide specific data on the percentage of its workforce on temporary or zero-hour contracts.

Fair Trade & Ethical Sourcing

0

No evidence available to assess enCore Energy Corp. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

enCore Energy Corp. has a comprehensive whistleblower policy, adopted in August 2022 and amended multiple times, most recently in June 2024.

1
It provides 24/7 anonymous reporting channels via a third-party toll-free number and email, and written complaints to the Chief Legal Officer.
2
The policy explicitly prohibits retaliation and ensures confidentiality.
3
The Chair of the Audit Committee maintains a log of all complaints, tracking their receipt, investigation, and resolution, and presents a summary quarterly to the Audit Committee.
4
The policy is circulated annually to all relevant personnel and published on the company's website.
5
The company disclosed a "material weakness" in its internal controls over financial reporting in 2024, citing deficiencies in risk assessment and monitoring processes.
6
Three of the company's seven board members are identified as independent.
7
The company has a Code of Business Conduct and Ethics and a Vendor Code of Conduct, both of which explicitly address anti-corruption, referencing compliance with the U.S. Foreign Corrupt Practices Act and Canada's Corruption of Foreign Public Officials Act.
8
All directors, officers, and employees are required to annually acknowledge the Code.
9
The company's materiality assessment was developed and managed by a third party, and a Greenhouse Gas Study was prepared by Minviro Inc. in July 2024.
10

Kind to Animals

0

No specific, concrete data points were found in the provided articles for any of the KPIs related to the 'Kind to Animals' value. The company's business model is focused on uranium mining and energy production, which does not directly involve animal products, animal testing, or animal agriculture.

1
While articles mention environmental assessments and minimizing disturbance,
2
they do not provide measurable data on animal welfare, conservation impact, or policy engagement specific to animal welfare as defined by the rubric. Therefore, all KPIs are omitted.

No War, No Weapons

0

No evidence available to assess enCore Energy Corp. on No War, No Weapons.

Planet-Friendly Business

-60

enCore Energy Corp. has completed an exploratory Life Cycle Assessment (LCA) of greenhouse gas emissions for its Rosita and Alta Mesa facilities in 2023 and 2024.

1
The company considers potential biodiversity impacts at each site before operations, conducting an Environmental Assessment that includes studies on wildlife and plant species.
2
Its In-Situ Recovery (ISR) technology leaves the surface intact, meaning deforestation policies are not applicable.
3
The company has reported zero transportation incidents or spills to date for any of its operating sites.
4
It conducts 5-8 Environmental Impact Assessments (EIAs) annually, covering over 50% of new projects. However, enCore has not declared a net-zero target year.
5
While it plans to disclose annual ESG performance data aligned with TCFD by 2026, it is currently only planning for TCFD alignment.
6
The company's climate risk evaluation is limited to annual assessments for material impact and likelihood, without robust scenario analysis for multiple pathways.
7

Respect for Cultures & Communities

0

enCore Energy Corp. reported no cultural appropriation incidents or controversies linked to human rights in 2023.

1
The company conducts cultural and historic resource surveys as part of environmental studies for its project areas, with findings reviewed by the Texas Historical Commission.
2
However, the evidence for a formal protocol and its consistent implementation across all operations is not fully detailed. At its South Texas operations, all management and workforce are from local communities and predominantly Hispanic.
3
A whistleblower policy and reporting system, managed by a third party, is available to employees, contractors, suppliers, and the public, covering human rights issues.
4
In 2023, 100% of procurement spend was with local Texan suppliers.
5
The company performs environmental assessments on each site to understand baseline conditions and create restoration plans, and the Texas Historical Commission has stated no adverse effect to historic properties from proposed mining activity.
6
The company is committed to working with local communities and indigenous governments to create positive impact and emphasizes building strong relationships, but a documented social license to operate is not specified for all operations.
7
The company provides an English and Spanish version of its website and its human rights policy states respect for varying linguistic identities.
8
The company aims for economic inclusion for members of nearby tribes and maintains strong relationships and communication with indigenous communities, but specific participation rates in FPIC processes are not provided.
9

Safe & Smart Tech

0

No evidence available to assess enCore Energy Corp. on Safe & Smart Tech.

Zero Waste & Sustainable Products

-50

The company recirculates lixiviant and reuses water from dewatering and drying in its elution circuit, indicating circular design considerations in some operational aspects.

1
It implements three waste reduction initiatives: using reverse osmosis (RO) treatment for groundwater restoration to reduce water consumption, minimizing process bleed, and employing vacuum dryer technology in its yellowcake drying and packaging system.
2
For hazardous waste management, lixiviant bleed and restoration waste are injected into WDW250, and double-lined ponds are used for additional storage, which demonstrates compliant handling but lacks explicit reduction efforts beyond basic compliance.
3
PVC casing is used for wells due to its resistance to the oxidized environment, suggesting products are constructed to perform for their life expectancy, which is at industry standard.
4
The company conducts daily inspections of ponds, tanks, filters, transmission lines, injection pumps, and monitoring equipment (except holidays/weekends), and inspects monitor wells each time they are sampled, which equates to annual waste audits for major facilities.
5
The company has reported no waste disposal violations in the past three years. It has set quantitative waste reduction targets, including establishing a baseline for GHG emissions by 2026 and a reduction goal by 2027, and a baseline for groundwater usage by 2026 with a goal to reduce overall usage.
6
The company commits to conducting supply chain audits for health, safety, and environmental matters if violations are suspected and plans to map its supply chain by 2026 to address risks, with a goal to establish a responsible supply chain program by 2027.
7

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.