{"id":471591,"date":"2021-04-06T08:03:52","date_gmt":"2021-04-06T12:03:52","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471591"},"modified":"2021-04-06T08:03:52","modified_gmt":"2021-04-06T12:03:52","slug":"encore-energy-corp-announces-strategic-acquisition-of-physical-uranium","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/encore-energy-corp-announces-strategic-acquisition-of-physical-uranium\/","title":{"rendered":"enCore Energy Corp. Announces Strategic Acquisition of Physical Uranium"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n TSX.V: EU
<\/b>
\n OTCQX:ENCUF
<\/b>
\n
\n
\n www.encoreenergycorp.com<\/a>
\n <\/u>
\n <\/b>\n <\/p>\n

\n VANCOUVER, BC<\/span>, April 6, 2021<\/span> \/PRNewswire\/ – enCore Energy Corp. <\/b>(TSXV: EU) (OTCQX: ENCUF) (the “Company<\/b>“) announces the company has executed an agreement to purchase 200,000 pounds of uranium concentrate for a purchase price of $29.65<\/span> per pound U3<\/sub>O8<\/sub>. \u00a0This spot market purchase, made in mid-March, will be delivered into the Company’s account in mid-April.\u00a0 The Company utilized existing funds for this purchase.\u00a0 This initial purchase was made to de-risk future uranium deliveries associated with anticipated contractual production timelines from its planned ISR operations.\u00a0 The purchase strengthens the Company’s working capital and provides optionality in support of future capital development of its South Texas<\/span> assets.\u00a0 <\/p>\n

\n

\n
\n \"enCore
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Paul Goranson<\/span>, CEO stated: “enCore Energy is focused on executing and expanding upon our physical uranium supply.\u00a0 This strategy supports our objectives to \u00a0strengthen our balance sheet as uranium prices appreciate while providing inventory to support future marketing efforts which complement production with utility companies, the key purchasers in the future. enCore Energy’s remaining treasury is strong and targeted for the implementation of our uranium asset strategy focused on\u00a0 domestic In-Situ Recovery production opportunities in\u00a0 the southwest United States<\/span>.”<\/p>\n

\n About enCore Energy Corp.
<\/b>enCore Energy Corp. is a U.S. domestic uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. The Company is led by a team of industry experts with extensive knowledge and experience in the development and operations of in situ recovery uranium operations. enCore Energy’s opportunities are created from the Company’s transformational acquisition of its two South Texas<\/span> production facilities, the changing global uranium supply\/demand outlook and opportunities for industry consolidation.\u00a0 These short-term opportunities are augmented by our strong long term commitment to working with local indigenous communities in New Mexico<\/span> where the company holds significant uranium resources.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/encore-energy-corp-announces-strategic-acquisition-of-physical-uranium-301262522.html<\/a><\/p>\n

SOURCE enCore Energy Corp.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire TSX.V: EU OTCQX:ENCUF www.encoreenergycorp.com VANCOUVER, BC, April 6, 2021 \/PRNewswire\/ – enCore Energy Corp. (TSXV: EU) (OTCQX: ENCUF) (the “Company“) announces the company has executed an agreement to purchase 200,000 pounds of uranium concentrate for a purchase price of $29.65 per pound U3O8. \u00a0This spot market purchase, made in mid-March, will be delivered into the Company’s account in mid-April.\u00a0 The Company utilized existing funds for this purchase.\u00a0 This initial purchase was made to de-risk future uranium deliveries associated with anticipated contractual production timelines from its planned ISR operations.\u00a0 The purchase strengthens the Company’s working capital and provides optionality in support of future capital development of its South Texas assets.\u00a0 Paul Goranson, CEO stated: “enCore Energy is focused on … <\/p>\n

Continue reading “enCore Energy Corp. Announces Strategic Acquisition of Physical Uranium”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471591","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nenCore Energy Corp. Announces Strategic Acquisition of Physical Uranium - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/encore-energy-corp-announces-strategic-acquisition-of-physical-uranium\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"enCore Energy Corp. 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(TSXV: EU) (OTCQX: ENCUF) (the “Company“) announces the company has executed an agreement to purchase 200,000 pounds of uranium concentrate for a purchase price of $29.65 per pound U3O8. \u00a0This spot market purchase, made in mid-March, will be delivered into the Company’s account in mid-April.\u00a0 The Company utilized existing funds for this purchase.\u00a0 This initial purchase was made to de-risk future uranium deliveries associated with anticipated contractual production timelines from its planned ISR operations.\u00a0 The purchase strengthens the Company’s working capital and provides optionality in support of future capital development of its South Texas assets.\u00a0 Paul Goranson, CEO stated: “enCore Energy is focused on … Continue reading "enCore Energy Corp. 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