NASDAQ:EU
TSXV:EU
www.encoreuranium.com
DALLAS, Oct. 21,
2024 /CNW/ - enCore Energy Corp. (NASDAQ: EU)
(TSXV: EU) (the "Company" or "enCore"), a uranium
producer and America's Clean Energy Company™, today announced the
completion and release of its inaugural Sustainability Report (the
"Report"). The Sustainability Report, completed with support from
Stantec Inc.'s ESG advisory team, includes the Company's
achievements for 2023 and plans for 2024 to 2026, and is available
on the Company website
at https:/www.encoreuranium/sustainability. The
Report also includes highlights and action items from the
Greenhouse Gas Study1 completed by Minviro Inc.
The Report outlines the Company's sustainability initiatives and
key measurables and action items demonstrating enCore's progress as
a clean energy producer. Highlights of the Report include:
- Completion of the exploratory life cycle assessment of
greenhouse gas emissions (Greenhouse Gas Study), in support of
environmental strategy development, at both the Rosita and Alta
Mesa In-Situ Recovery Uranium Central Processing Plants;
- Reporting environmental, social, and governance performance
across enCore's business;
- Completion of the first enCore materiality assessment;
- Establishment of enCore's goals, targets, and next steps for
priority sustainability topics;
Paul Goranson, enCore's Chief
Executive Officer stated: "It is our honor to share our inaugural
Sustainability Report containing our environmental, social and
governance programs and performance for the 2023 fiscal year. In
2023 we successfully achieved our objective of becoming a domestic
uranium producer in the United
States, an achievement met through intense commitment and
dedication of our entire team. As we made the decision to undertake
both our first Sustainability Report and Greenhouse Gas Report, we
committed to establishing baseline information as a producer. We
are releasing the Report after taking important actions toward this
commitment, including establishing sustainability priorities,
setting realistic and measurable targets, and completing the life
cycle assessment at Rosita and Alta Mesa. While this resulted in a
greater amount of time to produce the report, it allowed us to
establish a strong foundation to effectively measure and improve
our sustainability progress."
Paul Goranson continued "In
support of our vision and goal to supply a clean and affordable
energy source, enCore must also operate in a manner to reduce
greenhouse gas emissions and enhance sustainability. All of this
meets a global commitment to work toward decarbonizing the world
with this carbon-free energy product. Simultaneously, we are
committed to implementing action items to improve our operations,
ensure the safety and well-being of our employees and communities
while operating within a strong corporate governance model. Our
sustainability achievements are critical to a strong economy and
clean environment, and allow us to capitalize on the
ever-increasing momentum for nuclear energy."
About Stantec Inc.
Stantec is a global leader in sustainable engineering,
architecture, and environmental consulting. The diverse
perspectives of our partners and interested parties drive us to
think beyond what's previously been done on critical issues like
climate change, digital transformation, and future-proofing our
cities and infrastructure.
Stantec are designers, engineers, scientists, project managers,
and strategic advisors. They innovate at the intersection of
community, creativity, and client relationships to advance
communities everywhere, so that together they can redefine what's
possible.
Stantec trades on the TSX and the NYSE under the symbol STN.
Visit Stantec.com or on social media.
About Minviro Inc.
Minviro is a science-driven
consultancy, software, research, and data solutions, established in
2019. They specialize in Life Cycle Assessment (LCA) and are
dedicated to supporting the energy transition by helping companies
in raw materials and technology sectors navigate their
sustainability challenges. Operating globally from offices in
London, Perth, and Shanghai, Minviro transforms complex
environmental data into actionable insights, enabling businesses to
make informed decisions, comply with regulations, and reduce their
environmental impact.
Their team of top-tier scientists and engineers have
successfully completed hundreds of projects, including
environmental assessments for mining and innovative studies for the
world's leading electric vehicle manufacturers. Recognized for
their industry expertise and commitment to sustainability, Minviro
partners with clients to create lasting value and drive impactful
change towards a low carbon economy.
For more information on Minviro please visit:
www.minviro.com.
About enCore Energy Corp.
enCore Energy Corp.,
America's Clean Energy Company™, is committed to providing clean,
reliable, and affordable fuel for nuclear energy as the only
United States uranium producer
with multiple production facilities in operation. The enCore
team is led by industry experts with extensive knowledge and
experience in all aspects of In-Situ Recovery ("ISR")
uranium operations and the nuclear fuel cycle. enCore
solely utilizes ISR for uranium extraction, a
well-known and proven technology co-developed by the leaders
at enCore Energy.
Following upon enCore's demonstrated production success in
South Texas, future projects in
the production pipeline include the Dewey-Burdock project in
South Dakota and the Gas Hills
project in Wyoming. The Company holds other assets including
significant New Mexico resources,
non-core assets, and proprietary databases. enCore is committed to
working with local communities and indigenous governments to create
positive impact from corporate developments.
www.encoreuranium.com
|
1 Life Cycle
Assessment Study of enCore Energy Corp's Production of
Natural
|
|
Uranium, Minviro Inc.
July 2024
|
Cautionary Note Regarding Forward Looking
Statements:
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Certain information contained in this news release,
including: any information relating to the Company being a leading
uranium company, statements regarding future or potential
production, and any other statements regarding future expectations,
beliefs, goals or prospects; may constitute "forward-looking
information" and "forward-looking statements" within the meaning of
applicable Canadian and United
States securities laws and regulations (collectively,
"forward-looking statements"). All statements in this news release
that are not statements of historical fact (including statements
containing the words "expects", "is expected", "does not expect",
"plans", "anticipates", "does not anticipate", "believes",
"intends", "estimates", "projects", "potential", "scheduled",
"forecast", "budget" and similar expressions or variations
(including negative variations) of such words and phrases, or
statements that certain actions, events or results "may", "could",
"would", "might" or "will" be taken) should be considered
forward-looking statements. All such forward-looking statements are
subject to important risk factors and uncertainties, many of which
are beyond the company's ability to control or predict.
Forward-looking statements necessarily involve known and unknown
risks, including, without limitation, risks associated with general
economic conditions; adverse industry events; future legislative
and regulatory developments; the ability of enCore to implement its
business strategies; including achieving expected levels of
production at Rosita and Alta Mesa in the planned time frame or at
all; and other risks. A number of important factors could cause
actual results or events to differ materially from those indicated
or implied by such forward-looking statements, including without
limitation exploration and development risks, changes in commodity
prices, access to skilled mining personnel, the results of
exploration and development activities; production risks; uninsured
risks; regulatory risks; defects in title; the availability of
materials and equipment, timeliness of government approvals and
unanticipated environmental impacts on operations; litigation
risks; risks posed by the economic and political environments in
which the Company operates and intends to operate; increased
competition; assumptions regarding market trends and the expected
demand and desires for the Company's products and proposed
products; reliance on industry equipment manufacturers, suppliers
and others; the failure to adequately protect intellectual
property; the failure to adequately manage future growth; adverse
market conditions, the failure to satisfy ongoing regulatory
requirements and factors relating to forward looking statements
listed above which include risks as disclosed in the Company's
annual information form filings. Should one or more of these risks
materialize, or should assumptions underlying the forward-looking
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, believed,
estimated or expected. The Company assumes no obligation to update
the information in this communication, except as required by law.
Additional information identifying risks and uncertainties is
contained in filings by the Company with the various securities
commissions which are available online at www.sec.gov and
www.sedar.com. Forward-looking statements are provided for the
purpose of providing information about the current expectations,
beliefs and plans of management. Such statements may not be
appropriate for other purposes and readers should not place undue
reliance on these forward-looking statements, that speak only as of
the date hereof, as there can be no assurance that the plans,
intentions or expectations upon which they are based will occur.
Such information, although considered reasonable by management at
the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
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SOURCE enCore Energy Corp.