1/26/2024 0 Comments Encore energy listing![]() Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. enCore is committed to engaging and working with local communities and indigenous governments to create positive impact from corporate developments.ġ Mineral resource estimates are based on technical reports prepared in accordance with NI43-101 and available on SEDAR as well as company websites at NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.ĬAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release constitutes forward-looking statements under applicable securities laws. 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. The South Dakota-based Dewey Burdock project and the Wyoming Gas Hills project offer mid-term production opportunities, with significant New Mexico uranium resource endowments providing long-term opportunities. enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant by 2023. With approximately 90 million pounds of U 3O 8 estimated in the measured and indicated categories and 9 million pounds of U 3O 8 estimated in the inferred category 1, enCore is the most diversified in-situ recovery uranium development company in the United States. When a listing is completed it is contemplated that the common shares of the Company would be dually listed and continue to trade in Canada on the TSX Venture Exchange under the symbol EU. There can be no assurance that a listing will be completed. While the Company has applied for listing on Nasdaq, completion of a listing is subject to final regulatory approvals and the satisfaction of applicable listing requirements. No action is required by non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the Share Consolidation. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates or DRS statements evidencing their pre-consolidated common shares for new share certificates or new DRS statements representing the number of post-consolidated common shares to which they are entitled. Upon completion of the Share Consolidation, a letter of transmittal will be sent by mail to registered shareholders advising that the Share Consolidation has taken effect. No cash consideration will be paid in respect of fractional shares. All fractions of common shares will be rounded up or down to the nearest whole number. No fractional shares will be issued as a result of the Share Consolidation. The exercise price and the number of common shares issuable under any of the Company's outstanding warrants, stock options or other convertible securities will be proportionately adjusted upon the Consolidation. The Share Consolidation was approved by the board of directors of the Company as part of the Nasdaq listing process Following the Share Consolidation, the Company will have approximately 107,607,580 common shares issued and outstanding prior to rounding for fractional shares. The Company currently has 322,822,741 common shares issued and outstanding. This marks another important step in enCore's growth as it continues its work to become a leading United States ISR uranium development company." enCore is well positioned to provide a reliable, low carbon and domestic supply of fuel for the growing nuclear energy sector. With the commissioning of the Rosita Uranium Processing Plant to be completed in 2022 and planned production in 2023, increased exposure to the largest market in the world coincides with 2023 cash flow. Sheriffsaid, "The decision to list on the Nasdaq will provide enCore with greater visibility through a leading capital market trading platform that is suited for growth-oriented companies like enCore. Target date of Septemfor share consolidation noting the Company is actively working to complete the Nasdaq listing.ĮnCore's Executive Chairman William M. institutional investors to become shareholders of enCore The revised capital structure and resulting higher share price may provide increased ability for U.S. The resulting smaller share count and higher share price is more palatable to U.S. Uplisting from OTC to Nasdaq provides growth-oriented companies greater exposure to the largest capital market in the world
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