#Encore energy oil corporation ltd plus#

Large uranium resource endowments in New Mexico add to the asset base for long term growth and development opportunities.Īzarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America ('USA') (South Dakota, Wyoming, Utah and Colorado), with a primary focus of developing in-situ recovery uranium projects.

#Encore energy oil corporation ltd plus#

enCore Energy's initial opportunities are created from the Company's South Texas licensed and past-producing Rosita and Kingsville Dome ISR production facilities, under development, and multiple satellite projects in South Texas plus the changing global uranium supply/demand outlook and opportunities for industry consolidation. domestic uranium developer focused on becoming a leading in-situ recovery ('ISR') uranium producer, is led by a team of industry experts with extensive knowledge and experience in all aspects of ISR uranium operations. or as soon thereafter as counsel may be heard.ĮnCore Energy Corp., a U.S. The parties expect to receive approval from the NRC on or about Decemand to close the transaction shortly thereafter.Īzarga expects to apply to the Supreme Court of British Columbia in Vancouver for the Final Order on Decemat 9:45 a.m. As previously announced on November 23, 2021, an extension to the arrangement agreement was executed to allow the parties to obtain regulatory approvals, including approval from the United States Nuclear Regulatory Commission (the 'NRC') and the final order of the Supreme Court of British Columbia (the 'Final Order'). This agreement affirms that growth strategy, and it provides a long-term relationship with a large domestic nuclear power utility as it advances sustainable clean energy generation.'ĮnCore and Azarga Uranium Arrangement Updateįollowing a vote by Azarga Uranium shareholders with over 99% of votes cast in favour of the transaction, enCore and Azarga Uranium are working to obtain the necessary regulatory approvals required to complete the transaction, whereby enCore will acquire all of the issued and outstanding common shares of Azarga Uranium. We have been expanding our growth strategy organically with our near-term production assets in South Texas and through transactions with the assets that Azarga Uranium Corp. At enCore, we are building a production pipeline strategy focused on US based ISR uranium production. shown with the execution of our second uranium sales agreement. Paul Goranson, enCore Chief Executive Officer said, 'We truly appreciate the confidence in enCore Energy Corp. The uranium purchase agreement, which represents the second purchase agreement executed by enCore, is a four-year agreement commencing in 2024, and it covers up to 1.3 million pounds U3O8 based on market pricing with a ceiling price significantly higher than the current uranium spot market price enCore's business strategy is focused on advancing clean energy production, through the application of ISR in the US, and is advancing its South Texas uranium processing facility towards production. ( TSX:AZZ)(OTCQB:AZZUF)(FRA:P8AA) (' Azarga Uranium') are pleased to announce that enCore, a leading United States ('US') in-situ recovery ('ISR') uranium development company, has secured a second uranium purchase agreement with a Fortune 150 United States utility. (TSXV:EU)(OTCQBENCUF) ('enCore') and Azarga Uranium Corp.

Top Battery Metals Stocks on the TSX and TSXVĮnCore Energy Corp.

Encore has identified horizontal drilling and waterflood upside potential in Ordovician Red River zones. The Cedar Creek anticline properties are in the Glendive North, Glendive, and Gas City units in Dawson County, Mont. Cortez owns more than 25,000 net developed acres and more than 48,000 net undeveloped acres, of which 21,000 are mineral fee.

The properties are 80% operated and produce 8.4 MMcfd of gas and 1,550 b/d of oil.

Total proved reserves are 55% natural gas. The properties have a further 7.8 million boe of identified drilling and waterflood upside opportunities, Encore said. Almost all are complementary to existing Encore operations. Closing is set for the second quarter of 2004. The properties are in the Cedar Creek anticline of Montana, the Permian Basin, and Arkoma, Anadarko, and Fort Worth basins. 3 - Encore Acquisition Co., Fort Worth, plans to purchase private Cortez Oil & Gas Inc., Plano, Tex., for $123 million.Ĭortez has 15 million boe of reserves by Encore estimates, 60% of which are proved developed producing.