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enCore Energy Announces Acquisition of Proprietary PFN Technology, Equipment and Global Licensing Rights
enCore Energy Announces Acquisition of Proprietary PFN Technology, Equipment and Global Licensing...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n \n \n \n enCore Energy Announces Acquisition of Proprietary PFN Technology, Equipment and Global Licensing Rights\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n NYSE American:EU\n \n \n \n TSXV:EU\n \n \n \n \n www.encoreuranium.com\n \n \n \n \n \n \n CORPUS CHRISTI, Texas\n \n \n ,\n \n \n May 8, 2023\n \n \n /CNW/ -\n \n enCore Energy Corp.\n \n (NYSE: EU) (TSXV: EU) (the \"\n \n Company\n \n \" or \"\n \n enCore\"\n \n ) announced today the acquisition of all of the proprietary Prompt Fission Neutron (\"\n \n PFN\n \n \") technology and equipment, including related exclusive intellectual property, and global licensing rights from Energy Fuels Resources (\n \n USA\n \n ) Inc. (\"\n \n Energy Fuels\n \n \"), a wholly owned subsidiary of Energy Fuels, Inc. The use and ownership of PFN technology provides enCore with a clear competitive advantage by providing close to real time assays for uranium that cannot be achieved using conventional coring and assay methods. This technology is unavailable to many other uranium exploration and development companies.\n \n \n \n \n \n \n \n \n \n The PFN equipment and technology acquired by enCore for\n \n $3.1 million USD\n \n includes:\n \n \n \n Associated proprietary intellectual property, including all internal details of the tools, circuit board diagrams, firmware code, software, manuals, instructions;\n \n \n The sole right to utilize the license of the PFN technology globally;\n \n \n Six PFN downhole wireline probes;\n \n \n Nine gamma downhole wireline probes with single point resistivity, spontaneous potential and deviation;\n \n \n Two low-mileage, heavy-duty logging trucks with logging and associated equipment;\n \n \n Power supplies, computers, communication equipment, and other technology.\n \n \n \n \n Paul Goranson\n \n , enCore's Chief Executive Officer, said, \"PFN technology is far superior to traditional downhole gamma measurements where an array of different elements emits a collective gamma signature which may or may not correlate w...