enCore Energy Corp. has announced the appointment of Susan Hoxie-Key to its board of directors, effective today, June 1, 2022, saying she will be “an incredible asset” as the company advances its strategic plan.
Hoxie-Key has 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, the company noted.
“Susan brings a wealth of experience and expertise to the company from the user end of the nuclear fuel cycle,” William M Sheriff, enCore’s executive chairman said in a statement.
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“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," Sheriff added.
enCore chief executive Paul Goranson commented: “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.”
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.
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 has a bachelor’s degree in nuclear engineering from Mississippi State University and a master’s degree in nuclear engineering from Georgia Institute of Technology.
Hoxie-Key has been granted 500,000 enCore stock options with 25% vesting in six months and 25% every six months thereafter. The stock options are exercisable for a term of five years at an exercise price of $1.25 per common share.
With approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category, enCore is rapidly advancing towards becoming the next producer of American uranium.
Contact the author at jon.hopkins@proactiveinvestors.com