![]() ![]() Jones, President and Chief Executive Officer of Westwater, said, “We are happy to place these uranium assets in the hands of a company like enCore where they can be developed further as part of a larger, consolidated land position, while we devote our full focus and attention on advancing our battery-grade graphite product business and our Coosa Graphite Project in Alabama. This coupled with geologic characteristics well suited to ISR creates exceptional opportunities for enCore Energy Corp.”Ĭhristopher M. “While active exploration in the district has long been curtailed by market conditions, south Texas remains underexplored and one of the most prospective in the country for further uranium discoveries. It is not a coincidence that modern commercial in-situ recovery (ISR) operations originated in South Texas,” added enCore Energy’s Chief Executive Officer, Dennis Stover. “As market conditions continue to improve, we look forward to updating the Rosita, Texas processing facilities and restarting uranium production in one of the most favorable uranium districts in the United States. In addition to the key acquisition of licensed production facilities in Texas, enCore will hold the leading land position in New Mexico, consolidating the large Santa Fe and Frisco railroad “checkerboard” mineral rights land grant running through most of the Grants mineral belt. Our experienced and accomplished management team believes that a major change is coming in the uranium market in the next 12 to 24 months. Sheriff, Executive Chairman of enCore Energy stated, “This transformational acquisition will on completion be the first significant step building enCore into a domestic uranium producer. This acquisition will more than double the Company’s current mineral rights and holdings with historical mineral estimates, and add two already licensed uranium production facilities. These assets include two two licensed Texas-based uranium production facilities, mineral exploration leases in Texas, and more than 270 square miles (180,000 acres) of patented mineral rights in New Mexico with four projects containing significant historical mineral estimates. (Nasdaq: WWR) (“Westwater”) to acquire all of Westwater’s United States uranium assets. ![]() (TSXV:EU OTCQB:ENCUF) (the “ Company”) is pleased to announce that effective Septemit has entered into a binding letter of intent (“Agreement”) with Westwater Resources Inc. ![]() 09, 2020 (GLOBE NEWSWIRE) - enCore Energy Corp. ![]()
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