Corporate Overview

About Verdera Energy

Verdera Energy Corp. is focused on the development of In-Situ Recovery (“ISR”) uranium assets in New Mexico. With the largest land position in a prolific uranium district, and the largest uranium endowment among U.S.-focused public uranium exploration companies, Verdera is working to meet the growing demand for clean, reliable domestic uranium. Led by a team with extensive experience in the uranium and natural resources sector, Verdera holds private mineral rights spanning approximately 400 square miles, 88 million pounds of known and historic resources, and a significant proprietary uranium database. New Mexico, with expansive uranium resources, is positioned as a critical district in the U.S. domestic nuclear renaissance, driven by efforts to reduce reliance on foreign imports. Verdera is committed to fostering strong community relations and strives to work closely with local communities.

Developing Advanced, ISR-Amenable Uranium Projects in New Mexico: Key to the U.S. Nuclear Renaissance

Uranium Assets

Crownpoint/Hosta Butte with NI 43-101 compliant resources and historical assets totaling approximately 88MM pounds*.

Strategically Positioned

Privately owned mineral rights spanning over approximately 400 square miles in the Grants Uranium District, the largest uranium district in the U.S.

Proprietary Data

Verdera owns the largest proprietary, privately held database for New Mexico, plus has access to other privately held databases, providing for future opportunities.

In-Situ Recovery

A prove, low-impact extraction method that minimizes surface disturbance and avoid the legacy issues associated with historic uranium mining practices.

Experienced Team

Experienced technical team with proven expertise across uranium exploration, development, production, and community engagement.

New Mexico

Vast resources, considered the 7th largest producing uranium district in the world & critical to the U.S. Nuclear Renaissance.

* A Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as a current mineral resource. Additional work will be required to verify and update historical estimates, including a review of assumptions, parameters, methods and testing. Historical estimates do not use the current mineral resource categories prescribed under NI 43-101. Verdera is not treating the historical estimate as a current mineral resource. Historical resources are considered relevant and reliable, and will be used for the purpose of planning additional verification and exploration work.

¹NI 43-101 Technical Report, Crownpoint and Hosta Bute Uranium Project, McKinley County, New Mexico, USA completed by BRS Inc. and enCore Energy Corp. (effective February 25, 2022).

New Mexico

World Class Uranium Deposits

New Mexico has the largest identified uranium ore reserves of any state in the United States.

Source: McLemore, 2007; McLemore et al., 2013; table

Approximately 409 million pounds of uranium resources remain in the Grants Uranium District as identified by companies in the 1980s.

Inexpensive property acquisition costs include millions of dollars of exploration and development expenditures already incurred during the 1970s and 1980s exploration cycle.

Sandstone uranium deposits found in New Mexico are generally ISR amenable.