enCore Energy Announces Approval for Listing on the NYSE American Stock Exchange
enCore Energy Announces Approval for Listing on the NYSE
American Stock Exchange
CORPUS CHRISTI, Texas
,
Jan. 18, 2023
/CNW/ - enCore Energy Corp.
("
enCore
" or the "
Company
") (TSXV: EU) (OTCQB: ENCUF) today
announced that its common shares (the "Common Shares") have been approved for listing and trading on the NYSE American. The Company
expects that its Common Shares will commence trading at market open on the NYSE American on
January 23, 2023
under the symbol "
EU
" and
will be delisted from the OTCQX.
The Common Shares will continue to trade on the TSX Venture Exchange (TSX.V) under the symbol "
EU
".
William M. Sheriff
, enCore Energy Executive Chairman stated: "Listing on the NYSE American stock exchange, part of the world's most
prestigious securities market group, is a major achievement for the Company. This listing provides access to the world's largest and most liquid
equity market while increasing our exposure to a vastly larger, substantially more diverse audience of institutional and retail investors. enCore
Energy, which has 100% of its uranium production assets within
the United States
, is dedicated to providing the U.S. nuclear utility market with
much needed domestically produced uranium and reducing reliance on foreign sources of energy. This listing is an acknowledgement of our
progress as we will continue to focus on delivering exceptional value to our shareholders and customers."
About enCore Energy Corp.
enCore Energy is the most diversified In-Situ Recovery uranium development company in
the United States
and recently announced it entered into
a definitive agreement to acquire the Alta Mesa In-Situ Recovery (ISR) uranium project (the "Transaction"). 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. enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita
Processing Plant by 2023. The
South Dakota
-based Dewey-Burdock project and the Wyoming Gas Hills project offer mid-term production
opportunities, with significant
New Mexico
uranium resource endowments providing long-term opportunities. The enCore team is led by industry
experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore is committed to
engaging and working with local communities and indigenous governments to create positive impact from corporate developments.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this news release, including: any information
relating to the Company being a leading uranium company; the Company's expectations as to longer term fundamentals in the market and
price projections; scalability, and the Company's ability to be able to restart or increase production at any of its processing facilities as market
conditions warrant; the ability of the Company to complete the acquisition of Alta Mesa and to realize the expected benefits of the acquisition;
the expected timelines for the development and recommencement of production at Rosita or other processing facilities; estimates relating to
current mineral resources; expectations regarding exploration potential; statements relating to the listing on the NYSE and associated benefits
and any other statements regarding future expectations, beliefs, goals or prospects; constitute forward-looking information within the meaning
of applicable securities legislation (collectively, "forward-looking statements"). All statements in this news release that are not statements of
historical fact (including statements containing the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes",
"intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions) should be considered forward-looking
statements. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the
companies' ability to control or predict. Forward-looking statements necessarily involve known and unknown risks, including, without limitation,
risks associated with general economic conditions; adverse industry events; risks associated with accessing additional funding required for the
transactions and operations discussed in this news release; future legislative and regulatory developments; the ability of enCore to implement
its business strategies; and other risks. A number of important factors could cause actual results or events to differ materially from those
indicated or implied by such forward-looking statements, including without limitation factors relating to forward looking statements listed above
which include risks as disclosed in the companies' annual information form filings. The Company assumes no obligation to update the
information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by
the Company with the various securities commissions which are available online at
www.sec.gov
and
www.sedar.com
. Forward-looking
statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such
statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that
speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur.
Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may
differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary
statement.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/encore-energy-announces-approval-for-listing-on-the-nyse-american-stock-exchange-301724531.html
SOURCE
enCore Energy Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2023/18/c1449.html
%SEDAR: 00029787E
For further information:
William M. Sheriff, Executive Chairman, 972-333-2214, [email protected], www.encoreuranium.com
CO: enCore Energy Corp.
CNW 07:00e 18-JAN-23