![]() Delineation drill results established an extension of mineralization in the Production Area which supports the start-up of the Rosita Plant expected next year.The exploration drilling has identified 8 mineralized sands plus an additional 4 potentially mineralized sands, all within 800 feet of the surface, which provide opportunities for discovery of future uranium resources across the entire Rosita project.32 drill holes reported for a total of ~11,000 feet including 20 delineation drill holes and 12 exploration drill holes.Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions adverse industry events marketing costs loss of markets future legislative and regulatory developments inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms income tax and regulatory matters the ability of enCore to implement its business strategies competition currency and interest rate fluctuations and other risks.Highlights of the Rosita South uranium delineation and exploration drill programs include: Forward-looking statements in this news release include, but are not limited to, statements with respect to internal expectations, estimated margins, expectations for future growing capacity and costs, the completion of any capital project or expansions. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be 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.įor more information, visit CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release constitutes forward-looking statements under applicable securities laws. 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. enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant by 2023. With approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category 1 enCore is the most diversified in-situ recovery uranium development company in the United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. state securities laws, and may not be offered or sold in the United States without registration under the U.S. ![]() The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. This advertisement has not loaded yet, but your article continues below. The aggregate gross proceeds of the Offering if the Over-allotment Option is exercised in full shall be $17,250,138. The Underwriters shall be under no obligation whatsoever to exercise the Over-allotment Option in whole or in part. In addition, the Company will also grant the Underwriter an option (the “ Over-allotment Option”) to purchase an additional 1,470,600 Units, exercisable in whole or in part, for a period of 30 days from and including the Closing Date to cover over-allotments, if any, and for market stabilization purposes. Each Full Warrant will entitle the holder thereof to purchase one Common Share (a “ Warrant Share”) at a price of $2.00 for a period of 24 months following the Closing Date. Each Unit will be comprised of one Common Share (each a “Common Share”) and one half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “ Warrant”). (“enCore” or the “Company”) (TSXV: EU) is pleased to announce that it has entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 9,804,000 units (the “ Units”) in the capital of the Company, at a price of $1.53 per unit (the “Issue Price”) for aggregate gross proceeds of $15,000,120 (the “Offering”). CORPUS CRISTI, Texas, Ma(GLOBE NEWSWIRE) - enCore Energy Corp.
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