enCore Energy Secures $70M Deal With Boss Energy Accelerate Company-Wide Uranium Production Plans
Portfolio Pulse from Benzinga Newsdesk
enCore Energy has secured a $70M deal with Boss Energy to expedite its uranium production plans across South Texas and for the development of projects in Wyoming and on the Wyoming-South Dakota border. The deal is expected to close in February 2024.
December 06, 2023 | 11:10 am
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The $70M deal secured by enCore Energy with Boss Energy is aimed at accelerating uranium production, which could potentially increase the demand for uranium-focused ETFs like EU.
While the article does not directly mention the ETF EU, the deal between enCore Energy and Boss Energy is significant for the uranium sector. Increased production and development activities could lead to a higher demand for uranium, which may positively impact the price of uranium-focused ETFs like EU in the short term. However, since the deal is expected to close in February 2024, the immediate impact may be moderate.
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