NASDAQ:EU
TSXV:EU
www.encoreuranium.com
DALLAS, Jan. 5, 2024
/PRNewswire/ - enCore Energy Corp. ("enCore" or the
"Company") (NASDAQ: EU) (TSXV: EU) announced today, as
required by the TSXV, that the Company issued a total of 7,579,563
common shares, between the period October 1, 2023 and December 31, 2023, under the at-the-market (ATM)
controlled equity offering program. The shares were issued through
the facilities of TSXV and the NYSE-American at an average share
price of US$3.23 per share for gross
proceeds of US$24,447,198.91 with a
commission of US$611,179.97 paid to
the Agent.
About enCore Energy
Corp.
enCore Energy Corp., America's Clean Energy Company™, is
committed to providing clean, reliable, and affordable domestic
nuclear energy as the newest uranium producer in the United States. Uranium production
commenced at enCore's licensed and past-producing South Texas
Rosita Central In-Situ Recovery ("ISR") Uranium Processing Plant
("CPP") in November 2023 with work
underway for a planned 2024 restart of uranium production at its
licensed and past-producing South Texas Alta Mesa CPP. 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. enCore solely utilizes ISR for uranium extraction, a
well-known and proven technology co-developed by the leaders at
enCore Energy. In-Situ Recovery extracts uranium in a wellfield
using natural groundwater and oxygen, coupled with a proven ion
exchange process, to recover the uranium.
Future projects in enCore's production pipeline include the
Dewey-Burdock project in South
Dakota and the Gas Hills project in Wyoming, along with significant uranium
resource endowments in New Mexico
providing long term opportunities. enCore diligently works to
realize value from other owned assets, including our proprietary
uranium database that includes technical information from many past
producing companies, from our various non-core assets, and by
leveraging our ISR expertise in researching opportunities that
support the use of this technology as applied to other metals.
enCore is also committed to working with local communities and
indigenous governments to create positive impact from corporate
developments.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward Looking
Statements:
Certain information contained in this news release,
including: any information relating to the Company being a leading
uranium company, statements regarding future or potential
production, and any other statements regarding future expectations,
beliefs, goals or prospects; may constitute "forward-looking
information" and "forward-looking statements" within the meaning of
applicable Canadian and United States securities laws and
regulations (collectively, "forward-looking statements"). All
statements in this news release that are not statements of
historical fact (including statements containing the words
"expects", "is expected", "does not expect", "plans",
"anticipates", "does not anticipate", "believes", "intends",
"estimates", "projects", "potential", "scheduled", "forecast",
"budget" and similar expressions or variations (including negative
variations) of such words and phrases, or statements that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken) should be considered forward-looking statements.
All such forward-looking statements are subject to important risk
factors and uncertainties, many of which are beyond the company's
ability to control or predict. Forward-looking statements
necessarily involve known and unknown risks, including, without
limitation, risks associated with general economic conditions;
adverse industry events; future legislative and regulatory
developments; and other risks. A number of important factors could
cause actual results or events to differ materially from those
indicated or implied by such forward-looking statements, including
adverse market conditions, the failure to satisfy ongoing
regulatory requirements and factors relating to forward looking
statements listed above which include risks as disclosed in the
Company's annual information form filings. Should one or more of
these risks materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. The Company assumes
no obligation to update the information in this communication,
except as required by law. Additional information identifying risks
and uncertainties is contained in filings by the Company with the
various securities commissions which are available online
at www.sec.gov and www.sedarplus.ca.
Forward-looking statements are provided for the purpose of
providing information about the current expectations, beliefs and
plans of management. Such statements may not be appropriate for
other purposes and readers should not place undue reliance on these
forward-looking statements, that speak only as of the date hereof,
as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement.
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SOURCE enCore Energy Corp.