EnCore Energy completes $70M transaction with Boss Energy

enCore Energy (EU) announced the completion of the transactions under the Master Transaction Agreement with Boss Energy Limited (BQSSF), headlined by the sale of a 30% ownership interest in enCore’s Alta Mesa project to Boss Energy for $60M, and including an investment of $10M into enCore common shares by Boss Energy. The Transaction provides enCore with the financial capacity to significantly accelerate its uranium production pipeline across South Texas through the development of multiple satellite operations. Transaction Highlights: enCore received US$60 million in full payment for Boss Energy’s 30% share of the JV; enCore received an additional US$10 million from Boss Energy as payment for a private placement of 2,564,102 enCore shares; The formation of a joint venture company owning Alta Mesa with enCore holding a 70% joint venture interest and remaining the project manager, and Boss Energy holding a 30% joint venture interest.