VANCOUVER, British Columbia, Feb. 19, 2020 (GLOBE NEWSWIRE) — enCore Energy Corp. (TSX.V: EU) (the “Company“) is pleased to announce that 18.5 million warrants (“Warrants”) have been exercised at a price of $0.10 and exchanged into an equal amount of common shares for total gross proceeds of $1.85 million. The Warrants were issued in connection with an equity financing completed on February 15, 2017. Following the exercise of these Warrants, there are currently 159.2 million shares outstanding with 16.3 million warrants and options outstanding with an average exercise price of $0.18. This funding allows the Company greater flexibility to pursue potential acquisitions and business opportunities at a time when the uranium industry is still underfunded and share values remain depressed.  The Company has $4.2 million in cash and equivalents with no debt. 
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