Thursday, October 16, 2025

Latest

enCore Energy Enters Uranium Supply Agreement For Up To 600,000 lbs U3O8

enCore Energy (TSXV: EU) appears to have an in-demand product. The firm this morning revealed it has entered into uranium purchase sales agreement, the third such arrangement entered into by the company.

The agreement will see the company sell its uranium to a US based nuclear power firm, with further details of the buyer not provided. Uranium sold will be sourced via the firms South Texas uranium processing facility.

The sales arrangement is said to be for a multi-year term, beginning in 2025. Up to 600,000 pounds of U3O8 are to be sold under the agreement, with the sales price said to be based on market pricing with a floor put in place to ensure production costs are met. A ceiling price has also been put in place to protect the power provider.

“enCore is committed to a balanced portfolio of sales contracts with a portion of its production in defined agreements to ensure stability of operations while retaining a significant portion of production set aside to ensure participation in the upside of a rising spot market,” commented CEO Paul Goranson.

The firms Texas-based processing plant, the Rosita Central Uranium Processing Plant, is currently in the process of being modernized and refurbished. The facility is expected to be completed by the end of the second quarter of 2022, with production expected to commence in 2023.

enCore Energy last traded at $1.28 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

enCore Energy Sells Marquez-Juan Tafoya Uranium Project For $16 Million In Cash And Shares

enCore Energy (TSXV: EU) is looking to capitalize on the rise in interest in the...

Tuesday, June 6, 2023, 09:01:58 AM

enCore Energy Doubles Flow Capacity At Alta Mesa, Utilization Hits 75%

enCore Energy (TSXV: EU) has doubled the flow capacity at its South Texas Alta Mesa...

Thursday, March 13, 2025, 09:00:51 AM

enCore Energy To Purchase Energy Fuel’s Alta Mesa Uranium Project For US$120 Million

enCore Energy (TSXV: EU) is continuing to consolidate assets within the uranium sector. The firm...

Monday, November 14, 2022, 08:36:54 AM

enCore Energy Sells Off 30% Of Alta Mesa To Fund Uranium Asset Development

enCore Energy (TSXV: EU) has sold off a portion of its Alta Mesa project in...

Monday, February 26, 2024, 08:53:13 AM

enCore Energy To Sell Off New Mexico Assets For Mix Of Shares, Royalties, Cash

enCore Energy (TSXV: EU) is selling off certain of its assets within New Mexico. The...

Tuesday, March 18, 2025, 08:16:29 AM