Monday, October 6, 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

enCore Energy Suspends ATM Financing Following First Uranium Shipment

enCore Energy (TSXV: EU) has suspended its at-the-market financing program this morning. The program, initially...

Thursday, April 4, 2024, 09:42:40 AM

enCore Energy Q3 Earnings: Production Just Getting Started

One of the newest uranium producers has reported their third quarter results.  enCore Energy (TSXV:...

Saturday, November 16, 2024, 03:14:00 PM

Uranium Energy Corp, enCore Energy Awarded Supply Contracts For Strategic Uranium Reserve

The US National Nuclear Security Administration (NNSA) has awarded the final two contracts in relation...

Tuesday, December 20, 2022, 07:42:52 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

Uranium Miners enCore Energy and Azarga Uranium Agree to Merge; Both Stocks May Be Ahead of Themselves

On September 7, enCore Energy Corp. (TSXV: EU) announced an agreement to buy Azarga Uranium...

Monday, September 13, 2021, 03:44:00 PM