CORPUS
CHRISTI, Texas, Jan. 18,
2023 /CNW/ - enCore Energy Corp.
("enCore" or the "Company") (TSXV: EU) (OTCQB: ENCUF)
today announced that its common shares (the "Common Shares")
have been approved for listing and trading on the NYSE American.
The Company expects that its Common Shares will commence trading at
market open on the NYSE American on January 23, 2023 under the symbol
"EU" and will be delisted from the OTCQX.
The Common Shares will continue to trade on the TSX Venture
Exchange (TSX.V) under the symbol "EU".
William M. Sheriff, enCore Energy
Executive Chairman stated: "Listing on the NYSE American stock
exchange, part of the world's most prestigious securities market
group, is a major achievement for the Company. This listing
provides access to the world's largest and most liquid equity
market while increasing our exposure to a vastly larger,
substantially more diverse audience of institutional and retail
investors. enCore Energy, which has 100% of its uranium production
assets within the United States,
is dedicated to providing the U.S. nuclear utility market with much
needed domestically produced uranium and reducing reliance on
foreign sources of energy. This listing is an acknowledgement
of our progress as we will continue to focus on delivering
exceptional value to our shareholders and customers."
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 (ISR) 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 contained in this
news release, including: any information relating to the Company
being a leading uranium company; the Company's expectations as to
longer term fundamentals in the market and price projections;
scalability, and the Company's ability to be able to restart or
increase production at any of its processing facilities as market
conditions warrant; the ability of the Company to complete the
acquisition of Alta Mesa and to realize the expected benefits of
the acquisition; the expected timelines for the development and
recommencement of production at Rosita or other processing
facilities; estimates relating to current mineral resources;
expectations regarding exploration potential; statements relating
to the listing on the NYSE and associated benefits and any other
statements regarding future expectations, beliefs, goals or
prospects; constitute forward-looking information within the
meaning of applicable securities legislation (collectively,
"forward-looking statements"). All statements in this news release
that are not statements of historical fact (including statements
containing the words "expects", "does not expect", "plans",
"anticipates", "does not anticipate", "believes", "intends",
"estimates", "projects", "potential", "scheduled", "forecast",
"budget" and similar expressions) 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 companies' 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; risks associated with
accessing additional funding required for the transactions and
operations discussed in this news release; 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 factors relating to forward looking
statements listed above which include risks as disclosed in the
companies' annual information form filings. 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.sedar.com.
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 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/encore-energy-announces-approval-for-listing-on-the-nyse-american-stock-exchange-301724531.html
SOURCE enCore Energy Corp.
