enCore Energy Enters Definitive Agreement for Sale of New Mexico Assets; Plans to Distribute Consideration Shares to enCore Shareholders
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enCore Energy Corp. has entered into a definitive agreement to sell its New Mexico uranium assets to Verdera Energy Corp. in exchange for 50 million non-voting preferred shares, royalties, and a cash payment. enCore plans to distribute the shares to its shareholders.
March 18, 2025 | 11:45 am
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enCore Energy Corp. is selling its New Mexico uranium assets to Verdera Energy, receiving 50 million non-voting preferred shares, royalties, and cash. enCore plans to distribute these shares to its shareholders.
The sale of assets and the distribution of shares to shareholders could positively impact enCore's stock price as it may increase shareholder value and liquidity. The transaction is part of enCore's strategy to divest non-core assets.
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