NASDAQ:EU
TSXV:EU
www.encoreuranium.com
DALLAS, July 9, 2024
/PRNewswire/ - enCore Energy Corp. (NASDAQ: EU)
(TSXV: EU) (the "Company" or "enCore") announced
today that enCore Energy, a uranium producer in the State of Texas, is the newest member of the
Texas Nuclear Alliance ("TNA"). enCore Energy, which operates two
producing In-Situ Recovery ("ISR") uranium plants, is the first
uranium producer to join the Texas Nuclear Alliance.
Paul Goranson, enCore Energy's
Chief Executive Officer said, "enCore Energy's leadership and
contribution to supplying uranium to fuel the generation of clean
energy through nuclear power in Texas and the United
States is completely aligned with the mission of TNA. We are
honored to partner with TNA as Texas continues to lead the way for clean
energy generation and a growing nuclear energy sector in
the United States."
"TNA is proud to partner with enCore Energy and benefit from
their In-Situ Recovery uranium production expertise, vital to
strengthening the nuclear industry while providing clean energy for
Texas and the United States," said Texas Nuclear
Alliance President Reed Clay. "New
nuclear development will depend on a stable and secure fuel cycle
and enCore's South Texas
production plants play a vital role in the energy security of
Texas and the United States."
About the Texas Nuclear Alliance
The Texas Nuclear
Alliance is the only industry association in Texas dedicated to the advancement of nuclear
technology in the state. The Alliance was formed with a singular
mission: to make Texas the Nuclear
Capital of the World. Formed in 2022 in the aftermath of
Winter Storm Uri, the Alliance is
based on the fundamental premise that if Texas and the world want low-carbon, reliable
energy, it can no longer turn its back on nuclear energy. Nuclear
is clean, safe, reliable, and secure.
About enCore Energy Corp.
enCore Energy Corp.,
America's Clean Energy Company™, is committed to providing clean,
reliable, and affordable fuel for nuclear energy as the only
United States uranium producer
with multiple production facilities in operation. The enCore team
is led by industry experts with extensive knowledge and experience
in all aspects of In-Situ Recovery ("ISR") uranium operations and
the nuclear fuel cycle. enCore solely utilizes ISR for uranium
extraction, a well-known and proven technology co-developed by the
leaders at enCore Energy.
Following upon enCore's demonstrated production success in
South Texas, future projects in
enCore's production pipeline include the Dewey-Burdock project in
South Dakota and the Gas Hills
project in Wyoming. The Company
holds other assets including significant New Mexico resources, non-core assets and
proprietary databases. enCore is committed to working with
local communities and indigenous governments to create positive
impact from corporate developments.
Cautionary Note Regarding Forward Looking
Statements:
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.
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. 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 enCore to implement its
business strategies; including achieving expected levels of
production at Rosita and Alta Mesa in the planned time frame or at
all; 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 without
limitation exploration and development risks, changes in commodity
prices, access to skilled mining personnel, the results of
exploration and development activities; production risks; uninsured
risks; regulatory risks; defects in title; the availability of
materials and equipment, timeliness of government approvals and
unanticipated environmental impacts on operations; litigation
risks; risks posed by the economic and political environments in
which the Company operates and intends to operate; increased
competition; assumptions regarding market trends and the expected
demand and desires for the Company's products and proposed
products; reliance on industry equipment manufacturers, suppliers
and others; the failure to adequately protect intellectual
property; the failure to adequately manage future growth; 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.
