'As market conditions continue to improve, we look forward to updating and preparing the Rosita, Texas processing facility for commercial uranium production and restarting uranium production in one of the most favorable uranium districts in the United States. In addition to the key acquisition of licensed production facilities in Texas, enCore will hold the leading land position in New Mexico, consolidating the large Santa Fe and Frisco railroad 'checkerboard' mineral rights land grant running through most of the Grants mineral belt. The recent impressive strength in the uranium equity market is evidence of a broader realization within the financial community of the early changes in the dynamics of the uranium market. Our experienced and accomplished management team believes that a major change is coming in the uranium market in the next 12 to 24 months. Sheriff, Executive Chairman of enCore Energy stated 'This transformational acquisition is the first significant step to build enCore into a domestic uranium producer. This acquisition more than double the Company's current mineral rights and historical resource holdings and adds two already licensed uranium production facilities. Other assets included are mineral exploration leases in Texas, and more than 270 square miles (180,000 acres) of deeded mineral rights in New Mexico with four projects containing significant historical resources. The assets include two licensed Texas-based in-situ recovery uranium production facilities, significant given there are only eleven ISR production facilities in the United States. The terms of that Agreement were completed and the transaction was closed on December 31, 2020. (Nasdaq: WWR) ('Westwater') to acquire all of Westwater's United States uranium assets. (TSXV: EU OTCQX:ENCUF) (the 'Company') is pleased to announce that effective December 31, 2020, as described in the Septembinding Letter of Intent, it has executed a Share Purchase Agreement ('Agreement') with Westwater Resources Inc.
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