Uranium production is planned at enCore's licensed and past-producing South Texas Rosita Processing Plant in 2023, and at its licensed and past-producing South Texas Alta Mesa Processing Plant in 2024. In-Situ Recovery extracts uranium in a non-invasive process through the use of natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium. enCore solely utilizes In-Situ Recovery (ISR) for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. is committed to providing clean, reliable, and affordable domestic nuclear energy by becoming the next United States uranium producer in 2023. What we believe will be an improving uranium price environment." About enCore Energy Corp.ĮnCore Energy Corp. Production costs are protected and provides us the ability to realize higher prices that reflect Of those agreements providing price ceilings and floors that are inflation adjusted. Our contracting strategy has relied on spot market linked supply agreements with a portion This delivery is the first of enCore's supply agreements planned from 2023 through 2030. Managing our uranium inventories as we advance our South Texas in-situ recovery uranium plants towards production. This first uranium sales delivery demonstrates the flexibility we have built into this supply agreement, Paul Goranson, enCore Energy Chief Executive Officer said, "As enCore continues to execute on our pipeline to production strategy, it is also as important to execute on our uranium sales delivery commitments. The Company successfully acquired uranium under favorable pricing terms in 2022 from a third party and delivered it into this agreement using current spot market pricing indicators to establish the sales price. This delivery of 200,000 pounds U3O8 represents the first portion of the annual deliveries into the 5-year agreement (announced on August 4, 2021) which covers 2 million pounds U3O8 of uranium with significant delivery flexibility for market related pricing. (NYSE American: EU) (TSXV: EU) (the " Company " or " enCore" ) announced today that it has made its first delivery into one of the Company's four previously announced contracted uranium sales agreements. CORPUS CHRISTI, Texas, /PRNewswire/ - enCore Energy Corp.
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