TSX.V: EU
OTCQB:
ENCUF
www.encoreuranium.com
CORPUS
CHRISTI, Texas, Jan. 9, 2023
/CNW/ - enCore Energy Corp. ("enCore" or the
"Company") (TSXV: EU) (OTCQB: ENCUF) today announced
that the previously announced purchase of the Alta Mesa
project from Energy Fuels Inc. (EU new releases dated Nov. 14/22
and Dec. 6/22) is scheduled to close on or before February 15, 2023. Closing is subject to
obtaining final stock exchange approval and all closing
conditions.
About enCore Energy
Corp.
enCore Energy is the most diversified In-Situ Recovery uranium
development company in the United
States and recently announced it entered into a definitive
agreement to acquire the Alta Mesa In-Situ Recovery uranium project
(the "Transaction"). The Transaction will position enCore as a
leading US-focused ISR uranium company with the proven management
expertise required to advance multiple production opportunities
within its portfolio. 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.
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 intended use of the net proceeds of the Offering and the
completion of any capital project or property acquisitions.
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; 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.
