enCore Energy Enters US$70 Million Transaction with Boss Energy; Proceeds to Accelerate Company-Wide Uranium Production Plans
NYSE American:EU
TSXV:EU
www.encoreuranium.com
DALLAS, Dec. 6, 2023 /PRNewswire/ – enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the “Company” or “enCore”) is pleased to announce that it has entered into a Master Transaction Agreement (“Agreement”) with Boss Energy Limited (“Boss Energy”), a leading Australian emerging ISR uranium producer, which, upon completion, will result in the sale of a 30% ownership interest in enCore’s Alta Mesa project (“Alta Mesa”) to Boss Energy for US$60 million, an investment of US$10 million into enCore common shares by Boss Energy, a loan of up to 200,000 pounds U3O8 for enCore’s commercial use over the next year, and the formation of a strategic collaboration on the use and joint development of enCore’s proprietary Prompt Fission Neutron (“PFN”) technology for uranium exploration and production.