enCore Energy Corp. Completes Acquisition of Westwater Resources’ Texas-Based Uranium Production & Resource Assets

VANCOUVER, British Columbia, Jan. 05, 2021 (GLOBE NEWSWIRE) — enCore Energy Corp. (TSXV: EU; OTCQX:ENCUF) (the “Company”) is pleased to announce that effective December 31, 2020, as described in the September 1, 2020 binding Letter of Intent, it has executed a Share Purchase Agreement (“Agreement”) with Westwater Resources Inc. (Nasdaq: WWR) (“Westwater”) to acquire all of Westwater’s United States uranium assets. The terms of that Agreement were completed and the transaction was closed on December 31, 2020. The assets include two licensed Texas-based in-situ recovery uranium production facilities, significant given there are only eleven ISR production facilities in the United States. Other assets included are mineral exploration leases in Texas, and more than 270 square miles (180,000 acres) of deeded mineral rights in New Mexico with four projects containing significant historical resources. This acquisition more than double the Company’s current mineral rights and historical resource holdings and adds two already licensed uranium production facilities.
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