EnCore Energy reports results of Q1 at-the-market program

enCore Energy issued a total of 495,765 common shares between January 1 to March 31, 2024, under the at-the-market controlled equity offering program – ATM Program -. The shares were issued through TSXV and NASDAQ at an average share price of $4.05 per share for gross proceeds of $2,008,256.36 with a commission of $50,206.42 paid to the Agent. The last settlement date was January 16. The company has suspended its ATM Program with a remaining balance of approximately $18.7M of common shares available for sale. The company does not anticipate further sales under the ATM program in light of its current cash on hand of approximately $80M, zero debt, revenue from ongoing operations at the Rosita In-Situ Recovery Uranium Central Processing Plant and expected near term production revenue from the Alta Mesa CPP.