NASDAQ:EU
TSXV:EU
www.encoreuranium.com
DALLAS, Nov. 27,
2024 /CNW/ - enCore Energy Corp. (NASDAQ: EU)
(TSXV: EU) (the "Company" or "enCore"), America's
Clean Energy Company™ announces that effective January 1, 2025, its reporting status with the
U.S. Securities and Exchange Commission will change from a foreign
filer to a U.S. domestic filer. As a result of the change in status
the Company will file its annual and quarterly reports on Form 10-K
and Form 10-Q respectively, commencing with the Form 10-K for the
financial year ending December 31,
2024.
The Company also announces the appointment of KPMG LLP ("KPMG")
as the Company's new auditor. The change in auditor was approved by
enCore's Board of Directors and reflects the necessary support for
enCore's transition to a U.S. domestic filer, while ensuring the
highest standards of transparency and corporate governance.
A Notice of Change of Auditors, together with a letter from
Davidson & Company LLP as previous auditor, and a letter
from KPMG as successor auditor, have been reviewed by the Company's
Audit Committee, and will be available under the Company's SEDAR+
profile at www.sedarplus.ca and on the SEC's Electronic Data
Gathering, Analysis, and Retrieval (EDGAR) system at
www.sec.gov/edgar. The transition is in accordance with regulatory
guidelines and was not prompted by any disagreements between enCore
and Davidson on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedure.
There were no reservations in Davidson's audit reports for any financial
period for the two most recently completed financial years or for
any subsequent period until its resignation date and there are no
"reportable events" as such term is defined in National Instrument
51-102 – Continuous Disclosure Obligations between the
Company and Davidson.
enCore extends its sincere appreciation to Davidson, a trusted advisor since 2016, for
their professional expertise and dedicated support.
About enCore Energy Corp.
enCore Energy Corp., America's Clean Energy Company™, is
committed to providing clean, reliable, and affordable fuel for
nuclear energy as the only United
States uranium company with multiple Central Processing
Plants in operation. The enCore team is led by industry experts
with extensive knowledge and experience in all aspects of In-Situ
Recovery ("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.
Following upon enCore's demonstrated success in South Texas, future projects in the production
pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in
Wyoming. The Company holds other
assets including non-core assets and proprietary
databases. enCore is 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: 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; the ability of enCore to implement its business
strategies; 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
without limitation exploration and development risks, changes in
commodity prices, access to skilled mining personnel, the results
of exploration and development activities; production risks;
uninsured risks; regulatory risks; defects in title; the
availability of materials and equipment, timeliness of government
approvals and unanticipated environmental impacts on operations;
litigation risks; risks posed by the economic and political
environments in which the Company operates and intends to operate;
increased competition; assumptions regarding market trends and the
expected demand and desires for the Company's products and proposed
products; reliance on industry equipment manufacturers, suppliers
and others; the failure to adequately protect intellectual
property; the failure to adequately manage future growth; 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.
