ENCORE ANNOUNCES AGREEMENT TO ACQUIRE ALTA MESA URANIUM PROJECT IN SOUTH TEXAS AND BOUGHT DEAL FINANCING

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

FUELING THE FUTURE IN THE UNITED STATES

CORPUS CHRISTI, Texas, Nov. 14, 2022 /CNW/ – enCore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) (" enCore ") is pleased to announce that it has entered into a definitive agreement (the " Agreement ") to acquire the Alta Mesa In-Situ Recovery (" ISR ") uranium project (" Alta Mesa ") from Energy Fuels Inc. (the " Transaction ") for total consideration of US$120 million (the " Consideration "). 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.

Transaction Highlights Alta Mesa includes a fully-licensed and constructed ISR processing facility that has an operating capacity of 1.5 million pounds of uranium per year. Between Alta Mesa, Rosita and Kingsville Dome, all […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet