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enCore Energy Announces Full Conversion of US $20 Million Promissory Note; Zero Debt as Uranium Production Continues in South Texas

Newswire.ca - Mon Feb 12, 6:00AM CST

NASDAQ:EU
TSXV:EU
www.encoreuranium.com 

DALLAS, Feb. 12, 2024 /CNW/ - enCore Energy Corp. ("enCore" or the "Company") (NASDAQ: EU) (TSXV: EU), a United States uranium producer, announced today that the full outstanding principal amount of a US $20 million convertible promissory note (the "Note") has been converted into common shares of the Company. With the repayment of the Note, enCore has fully eliminated its remaining debt that resulted from the 2023 US $120 million acquisition of the Alta Mesa Project, which was purchased for US $60 million cash and a US $60 million convertible note.

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