enCore Energy Corp. Announces Option Grants to Officers

Rhea-AI Summary

enCore Energy Corp. (TSXV: EU; OTCQX: ENCUF) has granted stock options to its officers and consultants for purchasing up to 435,000 common shares at $1.08 each over five years. The options vest over 18 months with 25% vesting immediately and an additional 25% every six months. The company is focused on becoming a leading in-situ recovery uranium producer, leveraging its South Texas facilities and a strong industry outlook. enCore is committed to collaborating with local indigenous communities in New Mexico, where it holds significant uranium resources.

Positive

• Granting of 435,000 stock options may align interests of management with shareholders.
• Focus on in-situ recovery uranium production positions enCore well in a growing market.

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• None.

VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- enCore Energy Corp. (TSXV: EU; OTCQX:ENCUF) (the “Company”) announces that it has granted incentive stock options (the “Options”) to certain of its officers and consultants, to purchase an aggregate of up to 435,000 common shares in the capital of the Company at a price of $ 1.08 per share for a five year period, in accordance with its Stock Option Plan. Vesting will occur over a period of eighteen months, with an initial 25% of the Options vesting immediately upon grant, followed by an additional 25% of the Options every six months thereafter until fully vested.

For further information please contact the undersigned.

About enCore Energy Corp.
enCore Energy Corp. is a U.S. domestic uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. The Company is led by a team of industry experts with extensive knowledge and experience in the development and operations of in situ recovery uranium operations. enCore Energy’s opportunities are created from the Company’s transformational acquisition of its two South Texas production facilities, the changing global uranium supply/demand outlook and opportunities for industry consolidation. These short-term opportunities are augmented by our strong long term commitment to working with local indigenous communities in New Mexico where the company holds significant uranium resources.

For additional information:
William M. Sheriff
Executive Chairman
972-333-2214
info@encoreenergycorp.com
www.encoreenergycorp.com

FAQ

What recent stock options did enCore Energy grant to its officers and consultants?

enCore Energy Corp. granted stock options for 435,000 common shares at a price of $1.08 each.

How long is the vesting period for enCore Energy's stock options?

The stock options will vest over an 18-month period.

What is the significance of enCore Energy's focus on in-situ recovery uranium production?

This focus positions enCore as a potential leader in a growing uranium market, enhancing its operational capabilities.

What is the ticker symbol for enCore Energy on OTCQX?

The ticker symbol for enCore Energy on OTCQX is ENCUF.

What is the share price for the stock options granted by enCore Energy?

The stock options are priced at $1.08 per share.