enCore Energy issues over 7.5 million shares under ATM program

DALLAS – enCore Energy Uranium Production Inc. (NASDAQ: NASDAQ: ) (TSX: EU) disclosed that 7,579,563 common shares were issued under an ATM offering. Shares were sold through the Toronto Stock Exchange Venture Exchange (TSXV) and NYSE American between October 1 and December 31, 2023, at an average price of $3.23 per share, for gross proceeds of approximately $24.4 million . More than $611,000 in commissions was paid to agents involved in the transaction.

The company calls itself America’s Clean Power Company™ and is focused on delivering domestic nuclear energy. Most recently, the company began uranium production at the Rosita Central In-Situ Recycling (ISR) uranium plant in South Texas in November 2023 and is preparing to restart at the Alta Mesa CPP in South Texas in 2024 Production. The ISR method is a technology co-developed by enCore leadership for mining uranium. This method is known for using natural groundwater and oxygen combined with an ion exchange process.

EnCore’s future projects include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The company also owns significant uranium resources in New Mexico, providing long-term opportunities. In addition, enCore is exploring the application of ISR technology to other metals and is committed to creating a positive impact on local communities and Aboriginal governments.

The information provided in this article is based on enCore Energy Corp.’s press release. It is important to note that forward-looking statements in press releases, such as expectations about future production or becoming a leading uranium company, involve risks and uncertainties that could cause actual results to differ materially from expectations. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s position only as of the date of this press release.

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