enCore Energy Corp., the most diversified In-Situ Recovery (ISR) uranium development company in the United States, has closed its public offering of units of the company.
In January the company announced that it was selling more than 9 million units representing estimated gross proceeds of C$30 million ($22 million). Under the offering, the company issued more than 10 million units at a price of C$3.25 ($2.4) per unit, raking in around C$35 million ($26 million) of proceeds.
enCore Energy plans to use the net proceeds from the offering to maintain and advance the company's material properties, acquire properties, plant upgrades, drilling, maintenance and refurbishment, community outreach and communications, licensing and permitting and for general corporate and working capital purposes.
