NYSE American:EU
TSXV:EU
December 19,
2023
www.encoreuranium.com
DALLAS,
Texas, Dec. 19, 2023 /CNW/ - enCore Energy
Corp. ("enCore" or the "Company") (NYSE American:
EU) (TSXV: EU) announced today that it will transfer its stock
exchange listing to the Nasdaq Capital Market from the NYSE
American LLC. The Company shares will continue to trade under the
ticker symbol "EU" with expectations that the listing will commence
on the Nasdaq Capital Market ("NASDAQ") on January 2, 2024. The Company shares will continue
to trade on the TSX Venture Stock Exchange ("TSXV") under the
ticker symbol "EU".
William M. Sheriff, enCore
Energy's Executive Chairman, stated: "enCore Energy is excited by
our NASDAQ listing where we expect to see improved liquidity and
continued growth in our exposure to the world financial
markets. We expect a seamless transfer, with uninterrupted
trading, under the same symbol. We also wish to thank the
NYSE American and their staff for their support during the past
year which has been a time of tremendous growth and transformation
for the Company."
About enCore Energy Corp.
enCore Energy Corp., America's Clean Energy Company™, is
committed to providing clean, reliable, and affordable domestic
nuclear energy as the newest uranium producer in the United States. Uranium production
commenced at enCore's licensed and past-producing South Texas
Rosita Central Processing Plant ("CPP") in November 2023 with work underway for a planned
restart of uranium production at its licensed and past-producing
South Texas Alta Mesa CPP in 2024. enCore solely utilizes In-Situ
Recovery ("ISR") for uranium extraction, a well-known and proven
technology co-developed by the leaders at enCore Energy. In-Situ
Recovery extracts uranium in a non-invasive process using natural
groundwater and oxygen, coupled with a proven ion exchange process,
to recover the uranium. 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.
Future projects in enCore's production pipeline include the
Dewey-Burdock project in South
Dakota and the Gas Hills project in Wyoming, along with significant uranium
resource endowments in New Mexico
providing long term opportunities. enCore diligently works to
realize value from other owned assets, including our proprietary
uranium database that includes technical information from many past
producing companies, from our various non-core assets, and by
leveraging our ISR expertise in researching opportunities that
support the use of this technology as applied to other metals.
enCore is also committed to working with local communities and
indigenous governments to create positive impact from corporate
developments.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward Looking
Statements:
Certain information contained in this news release,
including: any information relating to the Company being a leading
uranium company, statements regarding future or potential
production, 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 laws and
regulations (collectively, "forward-looking statements"). All
statements in this news release that are not statements of
historical fact (including statements containing the words
"expects", "is expected", "does not expect", "plans",
"anticipates", "does not anticipate", "believes", "intends",
"estimates", "projects", "potential", "scheduled", "forecast",
"budget" and similar expressions or variations (including negative
variations) of such words and phrases, or statements that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken) should be considered forward-looking statements.
Such forward-looking statements include statements regarding
transfer of listing from NYSE American LLC to Nasdaq Capital Market
and timing of such transfer. All such forward-looking
statements are subject to important risk factors and uncertainties,
many of which are beyond the company's ability to control or
predict. Forward-looking statements necessarily involve known and
unknown risks, including, without limitation, risks associated with
general economic conditions; adverse industry events; future
legislative and regulatory developments; the ability of the Company
to satisfy all listing requirements of Nasdaq; and other risks. A
number of important factors could cause actual results or events to
differ materially from those indicated or implied by such
forward-looking statements, including timeliness of Nasdaq
approval; adverse market conditions, the failure to satisfy ongoing
regulatory requirements and factors relating to forward looking
statements listed above which include risks as disclosed in the
Company's annual information form filings. Should one or more of
these risks materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. The Company assumes
no obligation to update the information in this communication,
except as required by law. Additional information identifying risks
and uncertainties is contained in filings by the Company with the
various securities commissions which are available online
at www.sec.gov and www.sedar.com.
Forward-looking statements are provided for the purpose of
providing information about the current expectations, beliefs and
plans of management. Such statements may not be appropriate for
other purposes and readers should not place undue reliance on these
forward-looking statements, that speak only as of the date hereof,
as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement.
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SOURCE enCore Energy Corp.
