enCore Energy Provides Alta Mesa Acquisition Update
enCore Energy Provides Alta Mesa Acquisition
Update
TSX.V: EU
OTCQB: ENCUF
www.encoreuranium.com
CORPUS CHRISTI, Texas
,
Jan. 9, 2023
/CNW/ -
enCore Energy Corp.
("
enCore
" or the "
Company
") (TSXV:
EU) (OTCQB: ENCUF) today announced that the previously announced purchase of the Alta Mesa project from
Energy Fuels Inc. (EU new releases dated Nov. 14/22 and Dec. 6/22) is scheduled to close on or before
February
15
, 2023. Closing is subject to obtaining final stock exchange approval and all closing conditions.
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 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 in this news
release constitutes forward-looking statements under applicable securities laws. Any statements that are
contained in this news release that are not statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate",
"expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking
statements in this news release include, but are not limited to, statements relating to the intended use of the net
proceeds of the Offering and the completion of any capital project or property acquisitions. 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; inability to access
additional capital; the ability of enCore to implement its business strategies; and other risks. Readers are
cautioned not to place undue reliance on forward-looking statements 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.
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SOURCE
enCore Energy Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2023/09/c9788.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 09-JAN-23