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enCore Energy Corp. Announces Uranium Sales Agreement
enCore Energy Corp. Announces Uranium Sales Agreement Canada NewsWire ...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n \n \n \n enCore Energy Corp. Announces Uranium Sales Agreement\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 OTCQB:ENCUF\n \n \n \n \n www.encoreenergycorp.com\n \n \n \n \n \n CORPUS CHRISTI, Texas\n \n ,\n \n Aug. 4, 2021\n \n /CNW/ -\n \n enCore Energy Corp.\n \n (TSXV: EU) (OTCQB: ENCUF) (the \"\n \n Company\n \n \") is  pleased to announce, as stated in the Company's objective to advance its\n \n South Texas\n \n uranium facilities towards production, enCore has executed a uranium purchase and sales agreement (\"Agreement\") with UG\n \n USA\n \n , Inc. The 5-year Agreement covers 2 million pounds U\n \n 3\n \n O\n \n 8\n \n of produced uranium with significant delivery flexibility for market related pricing.\n \n \n \n \n \n \n \n \n \n \n Paul Goranson\n \n , enCore Energy Chief Executive Officer said, \"We recently provided an update on our South Texas Production Facilities that outlined our production strategy. The uranium sales agreement,  immediately secures a customer for a portion of our expected production. The Agreement also allows us to leverage to what we expect will be a significantly improved uranium market. We truly appreciate our relationship with UG\n \n USA\n \n and are excited to execute our first uranium sales agreement as enCore fulfills its strategy to become America's newest ISR uranium producer.\"\n \n \n Within the acquisition of the Westwater Resources Inc. uranium assets from enCore acquired a legacy uranium sales agreement with UG\n \n USA\n \n , Inc. that was structured for market conditions in 2006. enCore successfully terminated this legacy agreement and committed to a mutually agreed cancellation fee.\n \n \n UG\n \n USA\n \n , Inc., a subsidiary of Orano, is an international uranium trading company.\n \n \n \n About enCore Energy Corp.\n \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 exper...