The latest update is out from enCore Energy ( (TSE:EU) ).
enCore Energy has entered into a definitive agreement with Verdera Energy Corp. to sell its New Mexico uranium assets, including several projects in the Grants Uranium District. This transaction is part of enCore’s strategy to divest non-core assets and will result in enCore receiving 50 million non-voting preferred shares of Verdera, along with royalties and a cash payment. The deal aims to provide a dedicated focus on these assets and eventually distribute additional value to enCore shareholders through the distribution of Verdera shares. The move is expected to allow enCore to concentrate on its core operations in South Texas while enabling Verdera to advance the New Mexico projects with a focus on modernization and community engagement.
More about enCore Energy
enCore Energy Corp. is a company operating in the clean energy sector, primarily focused on uranium extraction. The company is engaged in the production and near-term production of uranium assets, with a strategic focus on divesting non-core assets to enhance shareholder value.
YTD Price Performance: -58.32%
Average Trading Volume: 327,660
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$391.1M
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