enCore Energy Appoints Chief Legal Officer DALLAS ,
enCore Energy Appoints Chief Legal Officer
DALLAS
,
Feb. 1, 2024
/CNW/ -
enCore Energy Corp.
(NASDAQ: EU) (TSXV: EU) (the "
Company
"
or "
enCore"
), America's Clean Energy Company™ and a uranium producer, announced today the
appointment of Mr.
Robert Willette
as Chief Legal Officer.
Mr.
Robert Willette
, Chief Legal Officer
Mr. Willette is an accomplished general counsel and business executive with 20+ years of experience
managing corporate legal functions for public and privately held entities across a multitude of sectors,
including industrial, manufacturing, transportation, oil & gas, and renewables. He brings with him broad
experience in corporate law and sophisticated commercial transactions, including securities, capital
market transactions, mergers and acquisitions (M&As), divestitures, as well as significant experience in
manufacturing, real estate, governance, compliance, intellectual property, and international operations
and transactions. Most recently Mr. Willette served as ProFrac Holding Company's Chief Legal Officer,
Chief Compliance Officer and Corporate Secretary, a multi-billion dollar publicly traded oil and gas
services and technology company. Mr. Willette holds a B.S., an M.B.A., and a J.D. from the
University
of Kansas
.
Executive Chairman
William M. Sheriff
stated "On behalf of the Board of Directors, it is a great
pleasure to welcome Mr. Willette to the enCore Energy team. Mr. Willette's background and expertise
in mergers and acquisitions is an excellent fit for enCore and his proven success delivering value
through growth and commercial transactions will serve enCore and our shareholders well."
In conjunction with this appointment, the Company granted Mr. Willette 125,000 common shares in the
capital of the Company at a price of
$6.25 CDN
per share for a five-year period, in accordance with its
Stock Option Plan. Vesting will occur over a period of twenty-four months, with an initial 25% of the
Options vesting six months following the date of grant, followed by an additional 25% of the Options
every six months thereafter until fully vested.
About enCore Energy Corp.
enCore Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable,
and affordable domestic nuclear energy as the newest uranium producer in
the United States
. Uranium
production commenced at enCore's licensed and past-producing South Texas Rosita Central
Processing Plant ("CPP") in
November 2023
with work underway for a planned 2024 restart of uranium
production at its licensed and past-producing South Texas Alta Mesa CPP. enCore solely utilizes In-
Situ Recovery ("ISR") for uranium extraction, a well-known and proven technology co-developed by the
leaders at enCore Energy. In-Situ Recovery extracts uranium in a non-invasive process using natural
groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium.
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.
Future projects in enCore's production pipeline include the Dewey-Burdock project in
South Dakota
and
the Gas Hills project in
Wyoming
, along with significant uranium resource endowments in
New Mexico
providing long term opportunities. enCore diligently works to realize value from other owned assets,
including our proprietary uranium database that includes technical information from many past
producing companies, from our various non-core assets, and by leveraging our ISR expertise in
researching opportunities that support the use of this technology as applied to other metals. enCore is
also committed to working with local communities and indigenous governments to create positive
impact from corporate developments.
Cautionary Note Regarding Forward Looking Statements:
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.
The Company advises that it is not basing its production decisions at Alta Mesa CPP or Rosita CPP
on a feasibility study of mineral reserves demonstrating economic and technical viability. The
production decision is based on known past ISR and processing operations at these two production
facilities and surrounding lands. However, the Company understands that there is increased
uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a
feasibility study. The Company has determined to proceed with a production decision based on past
operations at the Alta Mesa CPP and Rosita CPP, including past ISR operations in the known mineral
resource areas.
Note on forward looking information:
Certain information contained in this news release, including:
any information relating to the Company being a leading uranium company, 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. Such forward-
looking statements include statements regarding our planned extraction and production operations.
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; including commencement of production at Alta
Mesa in the planned time frames or at all; the expansion of operations to satellite locations; 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 access to
capital risks, 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.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 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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%SEDAR: 00029787E
For further information:
please contact: William M. Sheriff, Executive Chairman, 972-333-2214,
[email protected], www.encoreuranium.com
CO: enCore Energy Corp.
CNW 07:00e 01-FEB-24