enCore Energy Joins Texas Nuclear Alliance
enCore Energy Joins Texas Nuclear Alliance
NASDAQ:EU
TSXV:EU
www.encoreuranium.com
DALLAS
,
July 9, 2024
/CNW/ -
enCore Energy Corp.
(NASDAQ: EU) (TSXV: EU) (the "
Company
" or
"
enCore"
) announced today that enCore Energy, a uranium producer in the
State of Texas
, is the
newest member of the Texas Nuclear Alliance ("TNA"). enCore Energy, which operates two producing
In-Situ Recovery ("ISR") uranium plants, is the first uranium producer to join the Texas Nuclear Alliance.
Paul Goranson
, enCore Energy's Chief Executive Officer said, "enCore Energy's leadership and
contribution to supplying uranium to fuel the generation of clean energy through nuclear power in
Texas
and
the United States
is completely aligned with the mission of TNA. We are honored to partner with
TNA as
Texas
continues to lead the way for clean energy generation and a growing nuclear energy
sector in
the United States
."
"TNA is proud to partner with enCore Energy and benefit from their In-Situ Recovery uranium
production expertise, vital to strengthening the nuclear industry while providing clean energy for
Texas
and
the United States
," said Texas Nuclear Alliance President
Reed Clay
. "New nuclear development
will depend on a stable and secure fuel cycle and enCore's
South Texas
production plants play a vital
role in the energy security of
Texas
and
the United States
."
About the Texas Nuclear Alliance
The Texas Nuclear Alliance is the only industry association in
Texas
dedicated to the advancement of
nuclear technology in the state. The Alliance was formed with a singular mission: to make
Texas
the
Nuclear Capital of the World. Formed in 2022 in the aftermath of
Winter Storm Uri
, the Alliance is
based on the fundamental premise that if
Texas
and the world want low-carbon, reliable energy, it can
no longer turn its back on nuclear energy. Nuclear is clean, safe, reliable, and secure.
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 producer with multiple
production facilities 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 production success in
South Texas
, future projects in enCore's
production pipeline include the Dewey-Burdock project in
South Dakota
and the Gas Hills project in
Wyoming
. The Company holds other assets including significant
New Mexico
resources, non-core
assets and proprietary databases. enCore is 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.
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. 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
achieving expected levels of production at Rosita and Alta Mesa in the planned time frame or at all;
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.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.
Texas Nuclear Alliance Logo (CNW Group/enCore Energy Corp.)
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enCore Energy Corp.
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%SEDAR: 00029787E
For further information:
For further information please contact: William M. Sheriff, Executive
Chairman, 972-333-2214, [email protected], www.encoreuranium.com; Texas Nuclear Alliance,
Lauren Clay, [email protected]
CO: enCore Energy Corp.
CNW 07:00e 09-JUL-24