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enCore Energy Corp. (ENCUF) is a leading American uranium producer committed to clean, reliable, and affordable domestic nuclear energy. The company uses cutting-edge In-Situ Recovery (ISR) technology for uranium extraction, ensuring a non-invasive, cost-effective, and environmentally friendly process. enCore operates three uranium production facilities in Texas and has recently secured strategic partnerships to accelerate its production pipeline across South Texas and the Wyoming-South Dakota border. With a focus on expansion, consolidation, and development, enCore aims to play a pivotal role in meeting the growing demand for uranium in the US as a go-to supplier for nuclear utilities.
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enCore Energy Corp. (EU) had a successful 2023, achieving milestones such as the restart of uranium production in Texas, a joint venture with Boss Energy Ltd., and the acquisition of the Alta Mesa ISR Uranium Project. The company also sold non-core assets, delivered uranium into sales agreements, and reduced its debt through strategic capital deployment. enCore is well-positioned for future growth and expansion in the uranium industry.
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enCore Energy Corp. (EU) announced the resignation of Ms. Mierkey, Chief Financial Officer, and the appointment of Dr. Dennis Stover as Interim CFO. The company's Audit Committee is actively searching for a new CFO to support its growth model.
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enCore Energy Corp. (NYSE American: EU) (TSXV: EU) has entered into a Master Transaction Agreement with Boss Energy Limited for the sale of a 30% ownership interest in enCore's Alta Mesa project to Boss Energy for US$60 million, an investment of US$10 million into enCore common shares by Boss Energy, a loan of up to 200,000 pounds U3O8 for enCore's commercial use over the next year, and the formation of a strategic collaboration on the use and joint development of enCore's proprietary Prompt Fission Neutron technology for uranium exploration and production. The transaction provides enCore with the financial capacity to significantly accelerate its uranium production pipeline across South Texas through the development of multiple satellite operations, and paves the way for aggressive expansion, consolidation, and development of enCore's Dewey Terrace and Dewey-Burdock projects straddling the Wyoming-South Dakota border, as well as quicken development of its Gas Hills project in Wyoming.
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enCore Energy Corp. (NYSE American: EU) (TSXV: EU) provides an update on convertible debt repayment, expected uranium production resumption at South Texas Rosita ISR Uranium Central Processing Plant, and Alta Mesa CPP acquisition. The company repaid $40,000,000 of $60,000,000 principal, reducing the debt to $20,000,000. The 8% interest convertible note allows conversion to common shares. The company utilized its At-the-Market equity offering program to repay the debt, saving over $4,300,000 USD in interest payments and $4,800,000 in shares. The Alta Mesa CPP is the company's third fully licensed production facility, with a planned 2024 start date and a total operating capacity of 1.5 million lbs. U3O8 per year.
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enCore Energy Corp. has received approval for the renewal of its Radioactive Materials License for the South Texas In-Situ Recovery Uranium Central Processing Plants. The renewed license allows for the addition of two remote ion exchange units and enCore expects to resume uranium production at its Rosita CPP by the end of November 2023. This marks the first new uranium production in Texas in over a decade.
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enCore Energy Corp. provides update on Rosita and Alta Mesa ISR Uranium Central Processing Plants and debt repayment.
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enCore Energy provides update on uranium production and wellfield delineation drill program
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enCore Energy Corp. releases its first Annual Report, highlighting progress towards domestic uranium production and clean energy goals.
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FAQ
What is the market cap of ENCUF (ENCUF)?
The market cap of ENCUF (ENCUF) is approximately 298.1M.
What is enCore Energy Corp.?
enCore Energy Corp. is a leading American uranium producer committed to clean, reliable, and affordable domestic nuclear energy.
What technology does enCore use for uranium extraction?
enCore utilizes cutting-edge In-Situ Recovery (ISR) technology for uranium extraction, ensuring a non-invasive, cost-effective, and environmentally friendly process.
Where does enCore operate?
enCore operates three uranium production facilities in Texas.
What are enCore's recent achievements?
enCore has secured strategic partnerships to accelerate its production pipeline across South Texas and the Wyoming-South Dakota border.
What is enCore's goal?
enCore aims to play a pivotal role in meeting the growing demand for uranium in the US as a go-to supplier for nuclear utilities.
What sets enCore apart?
enCore's focus on expansion, consolidation, and development distinguishes it as a key player in the American uranium industry.
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