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.

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