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enCore Energy Secures Fourth Uranium Sales Agreement
enCore Energy Secures Fourth Uranium Sales Agreement Canada NewsWire NYSE Ame...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n \n \n \n enCore Energy Secures Fourth 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.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\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 FUELING THE FUTURE\n \n \n \n \n \n CORPUS CHRISTI, Texas\n \n \n ,\n \n \n Feb. 21, 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 that the Company has secured its fourth uranium sales agreement with the addition of a purchase sales agreement (\"Agreement\") with a Fortune 500-listed\n \n United States\n \n (\"U.S.\") utility. This agreement supports enCore's business strategy to provide a domestic uranium supply commencing at its 100%-owned South Texas In-Situ Recovery (ISR) uranium processing plants.\n \n \n \n \n \n \n \n \n \n The uranium sales agreement, the fourth such agreement executed by enCore, is a multi-year agreement commencing in 2027. It covers firm deliveries of 650,000 pounds of U\n \n 3\n \n 0\n \n 8\n \n , with an option to acquire up to 400,000 pounds U\n \n 3\n \n 0\n \n 8\n \n under a two year extended term, if exercised. The sales agreement is based on market pricing with a floor price well above our current projected costs of production and an inflation adjusted ceiling price significantly higher than the current uranium spot market pricing providing the U.S. with assurance of domestic supply along with cost certainty.\n \n \n \n \n Paul Goranson\n \n \n , Chief Executive Officer of enCore Energy said, \"We continue to see utilities in\n \n the United States\n \n looking to domestic uranium producers as a means to mitigate the supply chain risks resulting from continuing geopolitical uncertainty.  As enCore executes its strategy to be a uranium producer in the U.S. in 2023, we provide a necessary and reliable domestic uranium supply. enCore is committed to building a balanced portfolio of sales contracts with a portion of its prod...