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enCore Energy Corp. - EU STOCK NEWS

Welcome to our dedicated page for enCore Energy news (Ticker: EU), a resource for investors and traders seeking the latest updates and insights on enCore Energy stock.

enCore Energy Corp. (NASDAQ: EU, TSXV: EU) is a leading uranium producer in the United States, strategically focused on advancing its portfolio of uranium assets primarily using the sustainable and efficient In-Situ Recovery (ISR) technology. The company holds a 100% interest in about 115,000 acres of private mineral rights, including notable uranium deposits such as Crownpoint and Hosta Butte in New Mexico. Additionally, enCore Energy has significant interests in projects such as the Marquez Project and the Nose Rock Project in New Mexico, along with the Moonshine Springs Project in Arizona and several properties in Utah's White Canyon District.

enCore Energy's flagship projects include the Rosita Project and Alta Mesa Uranium Project in Texas, the Dewey-Burdock Project in South Dakota, and the Gas Hills Project in Wyoming. The company recently marked a significant milestone by commencing uranium production at the Rosita Central Processing Plant (CPP) in November 2023. This was followed by a successful Grand Opening in February 2024, attended by key stakeholders and industry leaders.

The company’s innovative approach involves the use of ISR technology, which extracts uranium in a non-invasive manner using natural groundwater and oxygen, coupled with a proven ion exchange process. This method is both environmentally friendly and cost-effective, positioning enCore Energy as a key player in the clean energy sector.

enCore Energy's management team comprises industry veterans with extensive experience in ISR uranium operations and the nuclear fuel cycle. As of early 2024, the company has strengthened its market presence by listing on the Nasdaq Capital Market and maintaining its listing on the TSX Venture Exchange.

Financially, enCore Energy has achieved notable progress, including the elimination of its debt through the conversion of a $20 million convertible promissory note and securing significant proceeds from its at-the-market (ATM) equity offering program. The company’s robust financial health is further supported by strategic partnerships, such as the joint venture with Boss Energy, which brought an investment of $70 million, enabling accelerated development of enCore's extensive project pipeline.

Looking ahead, enCore Energy is poised for growth with plans to restart uranium production at the Alta Mesa CPP in Q2 2024 and advance additional projects like the Dewey-Burdock and Gas Hills. The company's commitment to providing clean, reliable, and affordable nuclear energy positions it as a vital contributor to the growing demand for sustainable energy solutions in the United States.

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enCore Energy (NASDAQ: EU; TSXV: EU), a uranium producer in Texas, announced its membership in the Texas Nuclear Alliance (TNA). As the first uranium producer to join TNA, enCore Energy's inclusion aligns with TNA's mission of promoting clean and secure nuclear energy. The company operates two In-Situ Recovery (ISR) uranium plants, contributing to Texas and the U.S.' energy security. Paul Goranson, enCore's CEO, emphasized the alignment with TNA's goals, while TNA President Reed Clay highlighted the importance of enCore's production plants in supporting new nuclear developments and energy security.

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enCore Energy Corp. (TSXV: EU, NASDAQ: EU) is positioning itself as a leader in America's clean energy transition with sustainable uranium production.

The company operates two uranium processing plants and has zero debt. Its Alta Mesa project, acquired and operational within 18 months, is projected to contribute up to 90% of enCore's revenue.

With the rising demand for clean, dependable power, enCore Energy is set to provide a sustainable and environmentally friendly energy solution.

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enCore Energy has commenced uranium production at its Alta Mesa Uranium Central Processing Plant (CPP) and Wellfield in South Texas. This start-up marks enCore as the only U.S. uranium producer with multiple operational facilities. The company anticipates its first yellowcake shipment within 60 to 90 days. The project, acquired in February 2023, was developed in 15 months and is expected to ramp up to full capacity by 2026. The Alta Mesa Project operates under a joint venture with Boss Energy and has a production capacity of 1.5 million lbs. U3O8 annually, with an additional drying capacity of 0.5 million lbs. Additionally, the company is granting stock options to its directors and consultants.

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enCore Energy has appointed Ms. Kristi Caplan as Corporate Secretary. She brings over 20 years of experience in corporate governance, legal operations, and risk management. Ms. Caplan has worked with multinational public and private companies, managing legal entities across numerous jurisdictions. She was previously with Critical Project Services, where she led the legal department for their shared services division. She also held a significant role at MIC Global Services, managing legal compliance and governance for Macquarie Group’s infrastructure portfolio. Ms. Caplan holds a B.A. in Law and Policy and a Master of Public Administration. Alongside her appointment, she has been granted 60,000 stock options at $6.25 CDN per share.

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enCore Energy Corp. has released its 2023 Annual Report, highlighting the Company's achievements in meeting its objectives, including advancing the Rosita Uranium Central Processing Plant into production. The report also outlines the 2024 corporate objectives, emphasizing the focus on commencing production at the Alta Mesa Uranium Central Processing Plant. Executive Chairman William M. Sheriff acknowledges the team's dedication and thanks shareholders, management, and the board of directors for their collaboration. The Company aims to maintain its position as an industry leader in clean energy.
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enCore Energy Corp. announces the issuance of 495,765 common shares under the ATM Program, generating gross proceeds of US$2,008,256.36 at an average share price of US$4.05 per share. The Company has suspended the program with a remaining balance of approximately US$18.7 million for sale. With a strong financial position, enCore does not foresee further sales under the program due to ample cash reserves and revenue from operations.
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enCore Energy Corp. to ring Nasdaq Opening Bell and host Investor Day to discuss reducing US Dependence on Foreign Uranium. Live stream available on March 25th.
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enCore Energy Corp. (NASDAQ: EU) announces exceptional drill results from the Alta Mesa Project in South Texas, exceeding cutoff grade thickness requirements for uranium extraction. The Company progresses towards production at the Alta Mesa Uranium Central Processing Plant. Key highlights include high-grade drill results, advancing CPP upgrades, and increasing production patterns.
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enCore Energy Corp. announces its first Investor Day in New York City on March 25th, 2024, featuring presentations from senior management and an industry overview by guest speaker Treva Klingbiel.
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enCore Energy Corp. announces the first shipment of uranium from the Rosita Central Processing Plant, along with the fifth long-term supply contract with a U.S. utility. The company plans steady production increases and revenue streams through 2032, supporting its growth strategy and commitment to domestic uranium production.
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FAQ

What is enCore Energy Corp. known for?

enCore Energy Corp. is known for its leading role in uranium production in the United States, utilizing sustainable In-Situ Recovery (ISR) technology.

What are enCore Energy's flagship projects?

enCore Energy's flagship projects include the Rosita Project and Alta Mesa Uranium Project in Texas, Dewey-Burdock Project in South Dakota, and Gas Hills Project in Wyoming.

How does enCore Energy extract uranium?

enCore Energy uses the In-Situ Recovery (ISR) method, a non-invasive process that involves extracting uranium using natural groundwater and oxygen combined with an ion exchange process.

Has enCore Energy achieved any recent milestones?

Yes, enCore Energy commenced uranium production at the Rosita Central Processing Plant in November 2023 and held its Grand Opening in February 2024.

What is the significance of enCore Energy's partnerships?

Strategic partnerships like the joint venture with Boss Energy, which brought a $70 million investment, aid enCore Energy in accelerating its production timelines and expanding its project pipeline.

What are the financial highlights for enCore Energy?

enCore Energy has eliminated its debt, secured significant proceeds from its ATM equity offering, and maintains a strong cash position with no debt as of early 2024.

When is the Alta Mesa CPP expected to restart uranium production?

The Alta Mesa CPP is planned to restart uranium production in Q2 2024.

How does enCore Energy contribute to clean energy?

enCore Energy is committed to providing clean, reliable, and affordable nuclear energy, aligning with the increasing demand for sustainable energy solutions in the United States.

What is the capacity of the Alta Mesa CPP?

The Alta Mesa CPP has a total operating capacity of 1.5 million pounds of U3O8 (uranium) per year with additional drying capacity exceeding 0.5 million pounds of U3O8.

Where can more information about enCore Energy be found?

Additional information can be found on enCore Energy's official website at www.encoreuranium.com.

enCore Energy Corp.

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