enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant by 2023. With approximately 90 million pounds of U 3O 8 estimated in the measured and indicated categories and 9 million pounds of U 3O 8 estimated in the inferred category 1, enCore is the most diversified in-situ recovery uranium development company in the United States. When a listing is completed it is contemplated that the common shares of the Company would be dually listed and continue to trade in Canada on the TSX Venture Exchange under the symbol EU. There can be no assurance that a listing will be completed. While the Company has applied for listing on Nasdaq, completion of a listing is subject to final regulatory approvals and the satisfaction of applicable listing requirements. No action is required by non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the Share Consolidation. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates or DRS statements evidencing their pre-consolidated common shares for new share certificates or new DRS statements representing the number of post-consolidated common shares to which they are entitled. Upon completion of the Share Consolidation, a letter of transmittal will be sent by mail to registered shareholders advising that the Share Consolidation has taken effect. No cash consideration will be paid in respect of fractional shares. All fractions of common shares will be rounded up or down to the nearest whole number. No fractional shares will be issued as a result of the Share Consolidation. The exercise price and the number of common shares issuable under any of the Company's outstanding warrants, stock options or other convertible securities will be proportionately adjusted upon the Consolidation. The Share Consolidation was approved by the board of directors of the Company as part of the Nasdaq listing process Following the Share Consolidation, the Company will have approximately 107,607,580 common shares issued and outstanding prior to rounding for fractional shares.
The Company currently has 322,822,741 common shares issued and outstanding. This marks another important step in enCore's growth as it continues its work to become a leading United States ISR uranium development company." enCore is well positioned to provide a reliable, low carbon and domestic supply of fuel for the growing nuclear energy sector. With the commissioning of the Rosita Uranium Processing Plant to be completed in 2022 and planned production in 2023, increased exposure to the largest market in the world coincides with 2023 cash flow. Sheriffsaid, "The decision to list on the Nasdaq will provide enCore with greater visibility through a leading capital market trading platform that is suited for growth-oriented companies like enCore. Target date of Septemfor share consolidation noting the Company is actively working to complete the Nasdaq listing.ĮnCore's Executive Chairman William M. institutional investors to become shareholders of enCore The revised capital structure and resulting higher share price may provide increased ability for U.S. The resulting smaller share count and higher share price is more palatable to U.S. Uplisting from OTC to Nasdaq provides growth-oriented companies greater exposure to the largest capital market in the world and Encore Energy Inc.EnCore Energy Corp. The data presented on this page does not represent the view of Encore Energy and its employees or that of Zippia.Įncore Energy may also be known as or be related to Encore Energy, Encore Energy Corp.
None of the information on this page has been provided or approved by Encore Energy. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets.
The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at Encore Energy. Zippia gives an in-depth look into the details of Encore Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Encore Energy.
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