enCore Energy Provides Q4/23 ATM Quarterly Sales Update
enCore Energy Provides Q4/23 ATM Quarterly Sales
Update
NASDAQ:EU
TSXV:EU
www.encoreuranium.com
DALLAS
,
Jan. 5, 2024
/CNW/ -
enCore Energy Corp.
("
enCore
" or the "
Company
") (NASDAQ: EU) (TSXV: EU)
announced today, as required by the TSXV, that the Company issued a total of 7,579,563 common shares, between
the period
October 1, 2023
and
December 31, 2023
, under the at-the-market (ATM) controlled equity offering
program. The shares were issued through the facilities of TSXV and the NYSE-American at an average share price of
US$3.23
per share for gross proceeds of
US$24,447,198.91
with a commission of
US$611,179.97
paid to the Agent.
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 In-Situ Recovery ("ISR") Uranium 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. 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 solely utilizes 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 wellfield using natural groundwater and oxygen, coupled with a proven ion exchange
process, to recover the uranium.
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.
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 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; 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 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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2024/05/c5857.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 05-JAN-24