enCore Energy Announces Change in U.S. Reporting Status, Change in Auditor
enCore Energy Announces Change in U.S. Reporting Status,
Change in Auditor
NASDAQ:EU
TSXV:EU
www.encoreuranium.com
DALLAS
,
Nov. 27, 2024
/CNW/ -
enCore Energy Corp.
(NASDAQ: EU) (TSXV: EU) (the "
Company
" or "
enCore
"), America's Clean
Energy Company™ announces that effective
January 1, 2025
, its reporting status with the U.S. Securities and Exchange Commission
will change from a foreign filer to a U.S. domestic filer. As a result of the change in status the Company will file its annual and quarterly
reports on Form 10-K and Form 10-Q respectively, commencing with the Form 10-K for the financial year ending
December 31, 2024
.
The Company also announces the appointment of KPMG LLP ("KPMG") as the Company's new auditor. The change in auditor was
approved by enCore's Board of Directors and reflects the necessary support for enCore's transition to a U.S. domestic filer, while
ensuring the highest standards of transparency and corporate governance.
A Notice of Change of Auditors, together with a letter from Davidson & Company LLP as previous auditor, and a letter from KPMG as
successor auditor, have been reviewed by the Company's Audit Committee, and will be available under the Company's SEDAR+ profile
at
www.sedarplus.ca
and on the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system at
www.sec.gov/edgar
.
The transition is in accordance with regulatory guidelines and was not prompted by any disagreements between enCore and
Davidson
on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
There were no reservations in
Davidson's
audit reports for any financial period for the two most recently completed financial years or
for any subsequent period until its resignation date and there are no "reportable events" as such term is defined in National Instrument
51-102 –
Continuous Disclosure Obligations
between the Company and
Davidson
.
enCore extends its sincere appreciation to
Davidson
, a trusted advisor since 2016, for their professional expertise and dedicated
support.
About enCore Energy Corp.
enCore Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear
energy as the only
United States
uranium company with multiple Central Processing Plants in operation. The enCore team is led by
industry experts with extensive knowledge and experience in all aspects of In-Situ Recovery ("ISR") uranium operations and the nuclear
fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at
enCore Energy.
Following upon enCore's demonstrated success in
South Texas
, future projects in the production pipeline include the Dewey-Burdock
project in
South Dakota
and the Gas Hills project in
Wyoming
. The Company holds other assets including non-core assets and
proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact
from corporate developments.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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: statements regarding future or potential production, and any other
statements regarding future expectations, beliefs, goals or prospects; may constitute "forward-looking information" and "forward-
looking statements" within the meaning of applicable Canadian and United States securities laws and regulations (collectively,
"forward-looking statements"). All statements in this news release that are not statements of historical fact (including statements
containing the words "expects", "is expected", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends",
"estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions or variations (including negative
variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will"
be taken) 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 Company's 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; 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 exploration and development risks, changes in commodity prices, access to skilled
mining personnel, the results of exploration and development activities; production risks; uninsured risks; regulatory risks; defects in
title; the availability of materials and equipment, timeliness of government approvals and unanticipated environmental impacts on
operations; litigation risks; risks posed by the economic and political environments in which the Company operates and intends to
operate; increased competition; assumptions regarding market trends and the expected demand and desires for the Company's
products and proposed products; reliance on industry equipment manufacturers, suppliers and others; the failure to adequately
protect intellectual property; the failure to adequately manage future growth; adverse market conditions, the failure to satisfy ongoing
regulatory requirements and factors relating to forward looking statements listed above which include risks as disclosed in the
Company's annual information form filings. Should one or more of these risks materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. 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.sedarplus.ca
. 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 based
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.
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SOURCE
enCore Energy Corp.
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For further information:
For further information: William M. Sheriff, Executive Chairman, 972-333-2214, [email protected],
www.encoreuranium.com
CO: enCore Energy Corp.
CNW 07:00e 27-NOV-24