VANCOUVER, BC, Dec. 13, 2021 /CNW/ - enCore Energy Corp. (TSXV: EU); (OTCQB: ENCUF) ("enCore") and Azarga Uranium Corp. (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. 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. 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.
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