NYSE American: EU
TSXV: EU      

DALLAS, Texas, Nov. 14, 2023 /CNW/ - enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the "Company" or "enCore"), which expects to be resuming uranium production at its South Texas Rosita ISR Uranium Central Processing Plant (CPP) before the end of November 2023, today provides an update on the convertible debt originally owed to Energy Fuels Inc. for the acquisition of the Alta Mesa CPP. Since September 26, 2023, the Company has repaid a total of $40,000,000 USD of the $60,000,000 USD principal of the convertible note. The current principal balance of the debt on the Alta Mesa CPP now stands at $20,000,000 USD with a due date of February 14, 2025.  The convertible note, with an 8% interest rate, includes a conversion feature that allows the holder, a prominent financial institution with a focus on uranium, to convert principal amounts of the note into common shares of enCore Energy at the price of $2.91 USD per share at any time.