enCore Energy Completes US$70 Million Transaction with Boss Energy
NASDAQ:EU
TSXV:EU
www.encoreuranium.com
DALLAS, Feb. 26, 2024 /PRNewswire/ – enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the “Company” or “enCore”), America’s Clean Energy Company™ and a uranium producer, announced today the completion of the transactions under the Master Transaction Agreement (“Transaction”) with Boss Energy Limited (“Boss Energy”) (ASX:BOE) (OTCQX: BQSSF), a leading Australian emerging ISR uranium producer, headlined by the sale of a 30% ownership interest in enCore’s Alta Mesa project (“Alta Mesa”) to Boss Energy for US$60 million, and including an investment of US$10 million into enCore common shares by Boss Energy. The Transaction provides enCore with the financial capacity to significantly accelerate its uranium production pipeline across South Texas through the development of multiple satellite operations. In addition, the Transaction paves the way for accelerated development of enCore’s Dewey Terrace and Dewey-Burdock projects straddling the Wyoming–South Dakota border and enables the Company to quicken development of its Gas Hills project in Wyoming.