enCore Energy Corp. (TSX-V:EU, OTCQB:ENCUF) announced that its common shares have been approved for listing and trading on the NYSE American exchange and it expects trading to commence at the market open on January 23, 2023, under the symbol EU.
The uranium development company said its common shares will be delisted from the OTCQX but will continue to trade on the TSX Venture Exchange under the symbol EU.
“Listing on the NYSE American stock exchange, part of the world’s most prestigious securities market group, is a major achievement for the company,” enCore executive chairman William M. Sheriff said in a statement. “This listing provides access to the world’s largest and most liquid equity market while increasing our exposure to a vastly larger, substantially more diverse audience of institutional and retail investors."
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Sheriff noted that enCore Energy, which has 100% of its uranium production assets within the US, is dedicated to providing the US nuclear utility market with much-needed domestically produced uranium and reducing reliance on foreign sources of energy.
"This listing is an acknowledgement of our progress as we will continue to focus on delivering exceptional value to our shareholders and customers,” he added.
enCore Energy is the most diversified ISR uranium development company in the US and recently announced it had entered into a definitive agreement to acquire the Alta Mesa ISR uranium project.
The company is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant by 2023.
Contact the author at stephen.gunnion@proactiveinvestors.com