enCore Energy Corp.: $20M Debt Cleared for Growth

enCore Energy Corp. Eliminates Debt through Conversion of Promissory Note

enCore Energy Corp. has successfully eliminated its remaining debt by converting its $20 million convertible promissory note into common shares. This move follows the company’s acquisition of the Alta Mesa Project in 2023. Initially, enCore paid $60 million in cash and a $60 million convertible note for the project. As a result of the conversion, the note holder received 6,872,143 common shares. In 2023, enCore repaid $40 million of the note, fulfilling all obligations.