ENCUF - ENCUF STOCK NEWS

enCore Energy Corp. has secured a multi-year uranium sales agreement with a U.S.-based nuclear power company, effective from 2025. This agreement allows for the sale of up to 600,000 pounds of U₃O₈, ensuring cost certainty with a floor price and an inflation-adjusted ceiling price. The CEO emphasized the need for domestic uranium supply amidst geopolitical events affecting the nuclear fuel supply chain. Meanwhile, the Rosita Plant, located in South Texas, is on schedule for production in 2023.

enCore Energy Corp. announced the appointment of Ms. Susan Hoxie-Key to its Board of Directors, effective June 1, 2022. With over 40 years in the nuclear industry, her experience includes nuclear core design and fuel procurement. Hoxie-Key, a past winner of the ANS Oestmann Achievement Award, has held leadership roles in various nuclear organizations. The Board believes her expertise will significantly enhance enCore's strategic goals as it aims for increased uranium production. Concurrently, the Company has granted her 500,000 stock options at an exercise price of $1.25.

enCore Energy Corp. has completed the sale of the Cebolleta Uranium Project in New Mexico to Future Fuel Corporation for 11,308,250 shares (15.90% undiluted) and $250,000. This sale marks a strategic move to monetize non-core assets, enhancing enCore's balance sheet as it aims to be a leading U.S. uranium producer. The Rosita Plant is set to resume production in 2023, supported by a successful refurbishment program. enCore boasts 90 million pounds of U₃O₈ in measured and indicated categories, making it a key player in in-situ recovery uranium development.

enCore Energy Corp. has appointed Peter Luthiger as Chief Operating Officer, responsible for the Rosita Uranium Processing Plant's commissioning and operations in South Texas. Luthiger’s extensive experience includes managing the Alta Mesa ISR Uranium Project and ensuring regulatory compliance. The Rosita Plant is undergoing modernization to achieve uranium production by 2023. CEO Paul Goranson expressed confidence in Luthiger’s leadership, citing his successful project delivery track record. Luthiger will also contribute to capacity expansion efforts across multiple states.

enCore Energy Corp. announced that the refurbishment of its Rosita In-Situ Recovery Uranium Processing Plant is 90% complete, targeting a May 2022 finish. This modernization is crucial for enCore to become a key American uranium producer. Post-completion, commissioning will take about 30 days, with production starting in 2023. The company is exploring an expansion of capacity from 800,000 to 2,000,000 pounds of U3O8, requiring an investment of $1.25 to $2 million. Both the Rosita and Kingsville Dome Plants have remarkable safety records, emphasizing operational excellence.

enCore Energy Corp. (OTCQB: ENCUF) announced positive drilling results at its Rosita South uranium project in Texas. The program identified 8 mineralized sands and an additional 4 potentially mineralized sands within 800 feet of the surface, suggesting significant uranium resource potential. The company added a third drill rig and plans to add two more. The Rosita Plant, located nearby, is on track for a 2023 production target. The results support the start-up of this licensed, past-producing in-situ recovery uranium plant.

enCore Energy Corp. (OTCQB: ENCUF) has filed its Annual Information Form for the fiscal year ending December 31, 2020, and a new Technical Report for its Crownpoint and Hosta Butte uranium projects in New Mexico. The report indicates an Indicated Resource of 10.96 million tons at 0.117% U₃O₈ for 25.7 million pounds, and an Inferred Resource of 2.98 million tons at 0.107% for 6.4 million pounds. This update is not considered material due to the higher cutoff grade used. enCore continues its focus on becoming a leading uranium producer in the U.S.

enCore Energy Corp. (OTCQB: ENCUF) announced its participation in the 2022 Red Cloud Pre-PDAC Mining Showcase on March 2nd, where Executive Chairman William M. Sheriff and CEO Paul Goranson will present at 3:20 PM ET. This major event runs from March 2nd to 4th, featuring over 100 companies and multiple keynote speakers. enCore aims to be a leading uranium producer, with about 90 million pounds of U₃O₈ in measured categories and plans to target production from its South Texas Rosita Processing Plant by 2023.

enCore Energy Corp. (OTCQB: ENCUF) announced that the U.S. Nuclear Regulatory Commission (NRC) has accepted the change of control for the Dewey Burdock Source and By-Product Materials License. This license, crucial for uranium production using in-situ recovery technologies, supports enCore's production goals. The company is also focusing on its South Texas Rosita ISR uranium project with a planned start in 2023. Additionally, enCore granted stock options for up to 7,090,000 shares at $1.40 each and terminated a capital market advisory contract with Red Cloud Securities.