enCore Energy rings the opening bell of the New York Stock Exchange on January 23, 2023

TSX.V:EU
OTCQB:ENCUF
www.encoreuranium.com

Corpus Christi, Texas, January 20, 2023 /PRNewswire/ – enCore Energy Corp. (“encore” or the “Company“) (TSXV: EU) (OTCQB: ENCUF), a United States uranium development company, announced today William M. Sheriffexecutive chairman, and W. Paul GoransonChief Executive Officer and other members of leadership will ring the opening bell at the New York Stock Exchange Monday, January 23, 2023.

William M. Sheriff stated, “enCore Energy is pleased to mark its first day of trading on the NYSE American under the symbol “EU” by ringing the opening bell. It is an honor to represent our shareholders and team as we celebrate this important milestone in the development of highlighting enCore Our commitment to become the next domestic uranium producer and provide a comprehensive source of energy for the United Statesis only enhanced by the privilege of trading on this prestigious securities market group.”

The Ordinary Shares will continue to trade on the TSX Venture Exchange (TSXV), also under the symbol “EU“.

About enCore Energy Corp.

enCore Energy is the most diversified In-Situ Recovery uranium development company in the United States and recently announced that it has entered into a definitive agreement to acquire the Alta Mesa In-Situ Recovery (ISR) uranium project (the “Transaction”). The transaction will position enCore as a leading US-focused ISR uranium company with the proven management expertise needed to advance multiple production capabilities across its portfolio. enCore is aiming to become the next uranium producer by 2023 from its licensed and past-producing Rosita Processing Plant in South Texas. south dakotaThe Dewey-Burdock Project and the Wyoming Gas Hills Project offer medium-term production opportunities, with significant New Mexico donations of uranium resources that offer long-term opportunities. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the fuel cycle. enCore is committed to engagement and partnership with local communities and Indigenous governments to create positive impact through business developments.

www.encoreuranium.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS DEFINED IN THE TSX VENTURE EXCHANGE POLICY) ASSUME RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note Regarding Forward-Looking Statements: Certain information in this press release, including: any information related to the company as a leading uranium company; the company’s expectations regarding longer-term market fundamentals and price forecasts; scalability and the company’s ability to restart or increase production at any of its processing facilities, depending on market conditions; the Company’s ability to complete the acquisition of Alta Mesa and realize the anticipated benefits of the acquisition; the expected timelines for the development and resumption of production at Rosita or other processing facilities; estimates regarding current mineral resources; expectations regarding exploration potential; statements regarding NYSE listing and associated benefits and all other statements regarding future expectations, beliefs, goals or prospects; constitute forward-looking information within the meaning of applicable securities laws (collectively, “Forward-Looking Statements”). All statements in this press release that are not statements of historical fact (including statements containing the words “expects”, “does not expect”, “intends”, “anticipates”, “does not anticipate”, “believes”, “intends”) “, “estimates”, “projects”, “potential”, “planned”, “forecast”, “budget” and similar expressions) should be considered forward-looking statements. All such forward-looking statements are subject to significant risk factors and uncertainties, many of which are beyond the companies’ ability to control or predict. Forward-looking statements necessarily involve known and unknown risks, including but not limited to risks associated with general economic conditions; adverse industry events; risks associated with accessing additional financing necessary for the transactions and operations discussed in this press release; future developments in the field of legislation and regulations; enCore’s ability to implement its business strategies; and other risks. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including, without limitation, factors related to the forward-looking statements identified above that involve risks identified in the companies’ annual information forms. . The Company assumes no obligation to update the information contained in this announcement, except as required by law. Additional information identifying risks and uncertainties is included in the Company’s filings with the various securities commissions available online at www.sec.gov and www.sedar.com. Forward-looking statements are provided to provide information about management’s current expectations, beliefs and plans. Such statements may not be suitable for other purposes and readers should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations on which they are based will materialize. While such information is believed by management to be reasonable at the time of preparation, it may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements in this press release are expressly conditioned by this cautionary statement.

SOURCE enCore Energy Corp.