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enCore Energy Corp. Announces Strategic Acquisition of Physical Uranium
enCore Energy Corp. Announces Strategic Acquisition of Physical Uranium Canada ...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n \n \n \n enCore Energy Corp. Announces Strategic Acquisition of Physical Uranium\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX.V: EU\n \n \n \n OTCQX:ENCUF\n \n \n \n \n \n www.encoreenergycorp.com\n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n April 6, 2021\n \n /CNW/ -\n \n enCore Energy Corp.\n \n (TSXV: EU) (OTCQX: ENCUF) (the \"\n \n Company\n \n \") announces the company has executed an agreement to purchase 200,000 pounds of uranium concentrate for a purchase price of\n \n $29.65\n \n per pound U\n \n 3\n \n O\n \n 8\n \n .  This spot market purchase, made in mid-March, will be delivered into the Company's account in mid-April.  The Company utilized existing funds for this purchase.  This initial purchase was made to de-risk future uranium deliveries associated with anticipated contractual production timelines from its planned ISR operations.  The purchase strengthens the Company's working capital and provides optionality in support of future capital development of its\n \n South Texas\n \n assets.\n \n \n \n \n \n \n \n \n \n \n Paul Goranson\n \n , CEO stated: \"enCore Energy is focused on executing and expanding upon our physical uranium supply.  This strategy supports our objectives to  strengthen our balance sheet as uranium prices appreciate while providing inventory to support future marketing efforts which complement production with utility companies, the key purchasers in the future. enCore Energy's remaining treasury is strong and targeted for the implementation of our uranium asset strategy focused on  domestic In-Situ Recovery production opportunities in  the southwest\n \n United States\n \n .\"\n \n \n \n About enCore Energy Corp.\n \n \n enCore Energy Corp. is a U.S. domestic uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. The Company is led by a team of industry experts with extensive knowledge and experience in the development and operations of in situ recovery uranium operations. enCore Energy's opportunities are c...