enCore is committed to engaging and working with local communities and indigenous governments to create positive impact from corporate developments.Ĭautionary Note Regarding Forward-Looking Statements: Certain information contained in this news release, including: any information relating to the Company being a leading uranium 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 legislation (collectively, "forward-looking statements"). 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. 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 Alta Mesa Project is scheduled to come online in 2024 and 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 committed to building a balanced portfolio of sales contracts with a portion of its production in defined agreements to ensure stability of operations while retaining a significant portion of production set aside to ensure participation in the upside of a rising spot market."ĮnCore Energy is the most diversified In-Situ Recovery (ISR) uranium development company in the United States and is focused on becoming the next uranium producer in 2023 from its licensed and past-producing South Texas Rosita Processing Plant. in 2023, we provide a necessary and reliable domestic uranium supply. As enCore executes its strategy to be a uranium producer in the U.S. Paul Goranson, Chief Executive Officer of enCore Energy said, "We continue to see utilities in the United States looking to domestic uranium producers as a means to mitigate the supply chain risks resulting from continuing geopolitical uncertainty. with assurance of domestic supply along with cost certainty. The sales agreement is based on market pricing with a floor price well above our current projected costs of production and an inflation adjusted ceiling price significantly higher than the current uranium spot market pricing providing the U.S. It covers firm deliveries of 650,000 pounds of U 3 0 8, with an option to acquire up to 400,000 pounds U 3 0 8 under a two year extended term, if exercised.
The uranium sales agreement, the fourth such agreement executed by enCore, is a multi-year agreement commencing in 2027. Copper Prices Could See "Astronomical Rise" as Supply Concerns Increase.10 Largest Producers of Gold by Country.
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