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William m sheriff encore energy1/28/2024 ![]() The acquisition forms part of EnCore’s efforts to accelerate the production of both uranium and rare earth. Sheriff, Chairman of enCore Energy Corp said Upon the completion of the reclamation activities commenced by Westwater, we look forward to the revitalization of the licensed Rosita plant in Texas, located in one of the most progressive uranium jurisdictions in the United States. enCore solely utilizes In-Situ Recovery (ISR) for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. “Alta Mesa will immediately become a flagship asset amongst our large project portfolio, including our licensed and past-producing Rosita ISR production plant in South Texas, our development-stage Dewey-Burdock and Gas Hills projects in South Dakota and Wyoming, respectively, along with a large resource portfolio in New Mexico.”įurthermore, enCore will assume the reclamation obligations and surety bonds related to Alta Mesa by paying the cash equivalent to the existing collateral to Energy Fuels. enCore Energy is committed to providing clean, reliable, and affordable domestic nuclear energy by becoming the next United States uranium producer in 2023. In exchange, Energy Fuels will receive $60m in cash and a $60m secured vendor take-back convertible promissory note with EFR White Canyon.ĮnCore executive chairman William Sheriff said: “This transaction exceeds enCore’s long-stated requirement for any major acquisition to be accretive to shareholders in not only production capacity but also cost and timelines to production and an asset we secure at a compelling valuation. William M Sheriff, the Executive Chairman of enCore Energy Corp discusses the worldwide energy crisis and what experts are saying is the most viable long-term solution. (TSX-V:EU, OTCQB:ENCUF) has announced that William M Sheriff, its executive chairman, and W Paul Goranson, its chief executive officer, and other members of its leadership are scheduled to ring the opening bell at the New York Stock Exchange on Monday, January 23, 2023.
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