enCore Energy Corp. (TSX-V:EU, OTCQB:ENCUF) CEO William M Sheriff joined Proactive's Stephen Gunnion with details of a uranium purchase sales agreement with a US-based nuclear power company.
Sheriff telling Proactive that enCore is committed to a balanced portfolio of sales contracts with a portion of its production in defined agreements to ensure stability of operations while retaining a significant portion of production set aside to ensure participation in the upside of a rising spot market.
US utilities are also looking to secure more local supply as geopolitical events result in global supply chain disruptions for nuclear fuel, he added.