enCore Energy Provides ATM Quarterly Sales Update
{00031395:1}
NEWS RELEASE
NYSE American:EU
TSXV:EU
July 28, 2023
www.encoreuranium.com
enCore Energy Provides ATM Quarterly Sales Update
DALLAS, Texas – July 28, 2023: enCore Energy Corp. (“enCore” or the “ Company”) (NYSE
American:EU; TSXV:EU), pursuant to TSXV rules, announced a total of 171,503 common shares have been
issued under its recently launched At-The-Market (ATM) equity offering program for the period ending
June 30, 2023. The common shares were issued at an average share price of US$2.35 per share for gross
proceeds of US$403,340 and a commission of US$10,083 was paid to the Agent. For more information
please see enCore Energy news release dated June 26, 2023.
About enCore Energy Corp.
enCore Energy Corp., America’s Clean Energy Company ™, is committed to providing clean, reliable, and
affordable domestic nuclear energy by becoming the next United States uranium producer in 2023. 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. Uranium production is planned at enCore's licensed and past -producing South Texas Rosita
Processing Plant in 2023, and at its licensed and past-producing South Texas Alta Mesa Processing Plant in
2024.
Future projects in enCore's production pipeline include th e 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. 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 diligently works
to realize value from other owned assets, including our proprietary uranium database that includes
technical information from many past producing companies, f rom 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.
For further information please contact:
William M. Sheriff
Executive Chairman
972-333-2214
www.encoreuranium.com
{00031395:1}
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: any information relating to the Company being a leading uraniu m
company, 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 no t
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 result s
"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 impa cts on operations; 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 manag e
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 commission s
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. Su ch
information, although considered reasonable by management at the tim e 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.