Encore Energy Announces Third Uranium Sales Agreement

Encore Energy Announces Third Uranium Sales Agreement

CORPUS CHRISTI, Texas, June 28, 2022 /CNW/ – enCore Energy Corp. (" enCore " or the " Company ") (TSXV: EU) (OTCQB: ENCUF) announced today that it has secured a uranium purchase sales agreement ("Agreement") with a United States ("U.S.") based nuclear power company, following a recent site visit to enCore’s Texas operations. This agreement supports enCore’s business strategy of building ISR (in-situ recovery) production in the United States at its South Texas uranium processing facility. The uranium sales agreement, the third such agreement executed by enCore, is a multi-year agreement commencing in 2025. It covers up to 600,000 pounds of U 3 O 8 based on market pricing with a floor price that assures our costs of production are met in today’s economic environment. The Agreement includes an inflation adjusted ceiling price higher than the current uranium spot market pricing providing the U.S. nuclear power plant assurance of […]

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