Encore Energy And Azarga Uranium to Combine to Create Leading American Uranium ISR Company

Sep 07, 2021

CORPUS CHRISTI, TX / ACCESSWIRE / September 7, 2021 / enCore Energy Corp. ("enCore") (TSXV:EU, OTCQB:ENCUF) and Azarga Uranium Corp. ("Azarga") (TSX:AZZ, OTCQB:AZZUF, FRA:P8AA) are pleased to announce that they have entered into a definitive arrangement agreement (the "Agreement") whereby enCore will acquire all of the issued and outstanding common shares of Azarga pursuant to a court-approved plan of arrangement (the "Transaction"). The Transaction consolidates an industry leading pipeline of exploration and development staged in-situ recovery ("ISR") focused uranium projects located in the United States, including the licensed Rosita & Kingsville Dome past producing uranium production facilities in South Texas, the advanced stage Dewey Burdock development project in South Dakota, which has been issued its key federal permits, the PEA-staged Gas Hills Project located in Wyoming, and a portfolio of resource staged projects throughout the United States. The combined company will possess a uranium resource base of 90.0 million pounds in the measured & indicated category, 9.9 million pounds in the inferred category, as well as 68.4 million pounds in the historic category*.

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