Encore Announces Agreement To Acquire Alta Mesa Uranium Project In South Texas And Bought Deal Financing

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FUELING THE FUTURE IN THE UNITED STATES

TSX.V: EU
OTCQB: ENCUF
www.encoreuranium.comCORPUS CHRISTI, Nov. 14, 2022 – 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.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 fully licensed for production, enCore’s existing processing capacity will reach 3.6 million pounds of uranium per […]

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