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enCore Energy Enters Definitive Agreement for the Sale of the Marquez-Juan Tafoya Uranium Project
enCore Energy Enters Definitive Agreement for the Sale of the Marquez-Juan Tafoya Uranium Project...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n \n \n \n enCore Energy Enters Definitive Agreement for the Sale of the Marquez-Juan Tafoya Uranium Project\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 DALLAS, Texas\n \n \n ,\n \n \n June 6, 2023\n \n \n /CNW/ -\n \n enCore Energy Corp.\n \n (\"\n \n enCore\n \n \" or the \"\n \n Company\n \n \") (NYSE American: EU) (TSXV: EU) announced today it has entered into a definitive agreement with Anfield Energy Inc. (\"\n \n \n Anfield\n \n \n \") (TSXV: AEC) (OTCQB: ANLDF) whereby\n \n Anfield\n \n will acquire, from enCore, the Marquez-Juan Tafoya Uranium Project located in\n \n New Mexico\n \n in exchange for\n \n C$5,000,000\n \n in cash and 185,000,000 of its common shares. This is the third transaction in enCore's ongoing program of divesting uranium assets that are not in its production pipeline.\n \n \n \n \n \n \n \n \n \n \n William M. Sheriff\n \n , enCore's Executive Chairman stated: \"enCore has acquired a series of quality U.S. projects through several mergers and acquisitions at a time when there were few competitors due to the industry downturn of recent years. We are now capitalizing on those assets that do not meet our criteria for development such as early-stage projects and, in this case, an advanced project that is conventional in nature rather than In-Situ Recovery (ISR)-amenable.\"\n \n \n \"By gaining a significant equity interest in\n \n Anfield\n \n , a company dedicated to conventional uranium development, we gain an immediate cash payment and participation as a significant shareholder in their broad portfolio of advanced projects in the southwestern\n \n United States\n \n .\n \n Anfield\n \n holds one of the very few licensed conventional uranium mills in the US making them a logical and desirable developer of the Marquez-Juan Tafoya asset. With board representation, and the right to maintain our leading shareholder position, we look forward to our involvement with\n \n...