FUELING THE FUTURE
CORPUS CHRISTI, Texas, Feb. 21, 2023 /CNW/ – enCore Energy Corp. (" enCore " or the " Company ") (NYSE American: EU) (TSXV: EU ) announced today that the Company has secured its fourth uranium sales agreement with the addition of a purchase sales agreement ("Agreement") with a Fortune 500-listed United States ("U.S.") utility. This agreement supports enCore’s business strategy to provide a domestic uranium supply commencing at its 100%-owned South Texas In-Situ Recovery (ISR) uranium processing plants.
The uranium sales agreement, the fourth such agreement executed by enCore, is a multi-year agreement commencing in 2027. It covers firm deliveries of 650,000 pounds of U 3 0 8 , with an option to acquire up to 400,000 pounds U 3 0 8 under a two year extended term, if exercised. The sales agreement is based on market pricing with a floor price well above our current projected […]
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