ENCUF - ENCUF STOCK NEWS

enCore Energy Corp. (AMEX: EU) announced that COO Peter Luthiger testified before the Texas State House Committee on Natural Resources on April 4, 2023, supporting two key uranium industry bills. Bill HB 4119 aims to enhance the permitting process for in-situ recovery of uranium, ensuring public participation in hearings. Bill HB 4120 permits the Texas Council on Environmental Quality to inspect well sites using aerial or satellite imagery, streamlining operations and conserving resources. CEO Paul Goranson emphasized collaboration with Texas representatives to maintain a favorable regulatory environment and ensure a sustainable source of nuclear energy for the U.S.

enCore Energy Corp. (NYSE American: EU) announced its decision to resume uranium production at the Alta Mesa Processing Plant in early 2024, marking it as the company's second operational site following the Rosita Uranium Processing Plant's planned restart in 2023. The Alta Mesa facility is fully licensed and expected to achieve commercial production within 10 months with minimal capital expenditures. The plant's past production reached nearly 5 million lbs of uranium from 2005-2013. However, the company acknowledges risks in proceeding without a feasibility study, with a mineral resource classification that includes speculative inferred resources.

enCore Energy Corp. has secured a fourth uranium sales agreement with a Fortune 500 U.S. utility, enhancing its strategy to provide domestic uranium supply. This multi-year contract, starting in 2027, includes firm deliveries of 650,000 pounds of U3O8 and an option for an additional 400,000 pounds over two years. The agreement is based on market pricing with a floor well above production costs, offering cost certainty. CEO Paul Goranson emphasized the growing demand for domestic uranium amid geopolitical uncertainties, and noted enCore's commitment to diversifying its sales contracts while ensuring stable operations.

enCore Energy Corp. (NYSE American: EU) has finalized its acquisition of the Alta Mesa In-Situ Recovery uranium project from Energy Fuels Inc. for US$120 million, consisting of cash and a convertible note. This acquisition positions enCore as a leading ISR uranium company in the U.S. with enhanced processing capacity. The Alta Mesa facility's operating capacity is 1.5 million pounds of uranium annually, contributing to a total processing potential of 3.6 million pounds across its sites. The acquisition includes significant resources, with 3.41 million lbs U3O8 indicated and an inferred resource of 16.79 million lbs U3O8, promising expansion opportunities for future production.

enCore Energy Corp. (NYSE American: EU) has announced an overnight marketed public offering of 9,231,000 units priced at C$3.25 each, raising approximately C$30 million. Each unit comprises one common share and one-half warrant, exercisable at C$4.05 for 36 months. The offering includes an option for underwriters to purchase an additional 1,384,650 units. Proceeds will support property maintenance, acquisitions, drilling, community outreach, and potential funding for the Alta Mesa ISR uranium project. The closing is anticipated around February 10, 2023, pending market conditions and necessary approvals.

enCore Energy Corp. (NYSE: EU) has filed a preliminary short form prospectus for an overnight marketed offering of units, consisting of one common share and one-half of a common share purchase warrant. The definitive size and pricing will be determined based on market conditions. The offering is expected to fund property advancements, drilling, and general corporate purposes. If a potential loan transaction isn't finalized before February 15, 2023, a portion of the proceeds will be directed towards the Alta Mesa ISR uranium project acquisition. An additional 15% of units may be purchased by underwriters for market stabilization purposes.

enCore Energy Corp. (TSXV:EU, OTCQB:ENCUF) announced that its leadership will ring the Opening Bell at the New York Stock Exchange on January 23, 2023, marking its first day of trading on the NYSE American under the symbol EU. Executive Chairman William M. Sheriff expressed excitement over this milestone, highlighting the Company's goal to be a leading domestic uranium producer. enCore recently entered a definitive agreement to acquire the Alta Mesa In-Situ Recovery uranium project, enhancing its position in the US uranium market and aiming for uranium production from its Rosita Processing Plant by 2023.

enCore Energy Corp. (TSXV: EU, OTCQB: ENCUF) announced its executives will ring the Opening Bell at the New York Stock Exchange on January 23, 2023, marking its first day of trading on the NYSE American. The company aims to become a leading domestic uranium producer to support energy demands in the United States. enCore has also entered an agreement to acquire the Alta Mesa In-Situ Recovery uranium project, bolstering its position in the market. The firm intends to recommence production at the licensed Rosita Processing Plant in South Texas by 2023, with additional projects in South Dakota and Wyoming planned for mid- to long-term production.

enCore Energy Corp. announced that its common shares will begin trading on the NYSE American under the symbol EU starting January 23, 2023, following approval. This move will enhance market access, providing the company with greater visibility among institutional and retail investors. The company, focused on supplying domestically produced uranium to the U.S. nuclear utility market, aims to reduce reliance on foreign energy sources. enCore is also progressing on its plans to advance the Alta Mesa uranium project, positioning itself as a leading U.S. ISR uranium producer. The shares will continue to trade on the TSX Venture Exchange.