enCore Energy rings the opening bell of the New York Stock Exchange on January 23, 2023

TSX.V:EU
OTCQB:ENCUF
www.encoreuranium.com

Corpus Christi, Texas, January 20, 2023 /PRNewswire/ – enCore Energy Corp. (“encore” or the “company“) (TSXV: EU) (OTCQB: ENCUF), a United States uranium development company, announced today William M SheriffChairman of the Board, and W. Paul GoransonChief Executive Officer, and other senior executives are expected to ring the opening bell on the New York Stock Exchange Monday 23 January 2023.

William M Sheriff stated, “EnCore Energy is very pleased to celebrate its first day of trading on the NYSE American under the symbol “EU” with the ringing of the opening bell. We are honored to represent our shareholders and our team as we mark this important milestone in the development of enCore. Our quest to become the next domestic uranium producer and an advanced energy source for The United Statesis only enhanced by the privilege of trading on this prestigious securities market group.”

The common shares will continue to be traded on the TSX Venture Exchange (TSXV), also under the symbol “EU“.

About enCore Energy Corp.

enCore Energy is the most diversified in-situ uranium recovery company in the United States The United States and recently announced that it has entered into a definitive agreement to acquire the Alta Mesa In-Situ Recovery (ISR) Uranium Project (the “Transaction”). The transaction positions enCore as a leading US-focused ISR uranium company with the proven management expertise required to advance multiple production opportunities within its portfolio. enCore is focused on becoming the next uranium producer from its licensed and past producing Rosita processing facility in South Texas by 2023 South Dakota-based Dewey-Burdock Project and the Wyoming Gas Hills Project offer intermediate-term production opportunities with significant New Mexico Uranium resource endowments that offer long-term opportunities. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore is committed to engaging and collaborating with local communities and indigenous governments to achieve positive impact from business developments.

www.encoreuranium.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NOTICE.

Cautionary Note Regarding Forward-Looking Statements: Certain information contained in this news release, including: all information relating to the Company being a leading uranium company; the company’s expectations regarding longer-term market fundamentals and price projections; the Company’s scalability and ability to resume or increase production at any of its processing facilities as market conditions warrant; the Company’s ability to complete the acquisition of Alta Mesa and realize the anticipated benefits of the acquisition; expected timelines for development and resumption of production at Rosita or other processing facilities; estimates relating to current mineral resources; expectations of exploration potential; Statements regarding NYSE listing and related benefits and any other statements regarding future expectations, beliefs, goals or prospects; constitutes forward-looking information within the meaning of applicable securities laws (collectively, “forward-looking statements”). All statements in this press release that are not statements of historical fact (including statements using the words “expect”, “do not expect”, “plan”, “anticipate”, “do not anticipate”, “believe”, “intend”, “Estimates”, “projects”, “potential”, “planned”, “forecast”, “budget” and similar expressions) should be considered forward-looking statements. All of these forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the companies’ control or ability to predict. Forward-looking statements necessarily involve known and unknown risks, including but not limited to risks related to general economic conditions; adverse industry events; risks related to accessing additional financing required for the transactions and operations discussed in this press release; future legal and regulatory developments; enCore’s ability to execute its business strategies; and other risks. A number of important factors could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, factors relating to the forward-looking statements listed above that involve risks that may arise in the annual Company information forms are disclosed . The company assumes no obligation to update the information in this release, except as required by law. Additional information identifying risks and uncertainties is included in the Company’s filings with various securities regulators, which are available online at www.sec.gov and www.sedar.com. Forward-looking statements are provided for the purpose of providing information about management’s current expectations, beliefs and plans. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, which speak only as of the date of this release, as there can be no assurance that the plans, intentions or expectations upon which they are based , insist will happen. Although this information was believed to be reasonable by management at the time it was prepared, it could prove to be incorrect and actual results could differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE enCore Energy Corp.

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