TSX.V:
EU
OTCQB:ENCUD
www.encoreuranium.com
CORPUS
CHRISTI, Texas, Sept. 14,
2022 /CNW/ - enCore Energy Corp.
("enCore" or the "Company") (TSXV: EU) (OTCQB: ENCUD)
announces that, as disclosed in the Company's news release of
September 12, 2022, the Company's
shares commenced trading today on a consolidated basis of one new
share for every three former shares in connection with the
Company's application to uplist their shares to the NASDAQ
market. The consolidated shares remain trading on the TSX.V
under the symbol 'EU' with consolidated shares trading on the
OTC market now trading under the symbol 'ENCUD'.
About enCore Energy
Corp.
With approximately 90 million pounds of
U3O8 estimated in the measured and indicated
categories and 9 million pounds of U3O8
estimated in the inferred category1, enCore is the most
diversified in-situ recovery uranium development company in
the United States. enCore is
focused on becoming the next uranium producer from its licensed and
past-producing South Texas Rosita Processing Plant by 2023. The
South Dakota-based Dewey Burdock project and the Wyoming Gas Hills
project offer mid-term production opportunities, with significant
New Mexico uranium resource
endowments providing long-term opportunities. 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 is committed to engaging and working with local communities
and indigenous governments to create positive impact from corporate
developments.
1 Mineral resource estimates are based on technical
reports prepared in accordance with NI43-101 and available on SEDAR
as well as company websites at www.encoreuranium.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Certain information in this news release constitutes
forward-looking statements under applicable securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by
terms such as "may", "should", "anticipate", "expect", "potential",
"believe", "intend" or the negative of these terms and similar
expressions. Forward-looking statements in this news release
include, but are not limited to, statements relating to the
prospects of listing on the Nasdaq and associated benefits.
Forward-looking statements necessarily involve known and unknown
risks, including, without limitation, risks associated with the
completion of the Nasdaq listing process and meeting related
listing requirements, in addition to risks related to the
advancement of our business, including general economic conditions;
adverse industry events; future legislative and regulatory
developments; inability to access additional capital; the ability
of enCore to implement its business strategies; and other risks.
Readers are cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed 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.
