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enCore Energy Sells $19.6 Million in Anfield Energy Shares
ByAinvest
Monday, Jun 23, 2025 6:39 am ET1min read
EnCore Energy Corp. has sold $19.6 million in shares to Anfield Energy. The company focuses on providing clean, reliable, and affordable fuel for nuclear energy through In-Situ Recovery technology. Projects include Alta Mesa, Dewey-Burdock, Gas Hills, Crownpoint & Hosta Butte, and Juniper Ridge, among others.
Uranium Energy Corp. (NYSEAM:UEC) has acquired a 14.73% stake in Anfield Energy Inc. (TSXV:AEC) from enCore Energy Corp. (TSXV:EU) for CAD 19.6 million on June 20, 2025. The acquisition involves 170 million shares at CAD 0.115 per share, bringing Uranium Energy's ownership in Anfield Energy to 32.34% [1].The transaction highlights Uranium Energy's strategic move to bolster its position in the uranium market. Anfield Energy Inc., a clean energy company focusing on In-Situ Recovery (ISR) technology, has several projects under development, including Alta Mesa, Dewey-Burdock, Gas Hills, Crownpoint, Hosta Butte, and Juniper Ridge [3].
enCore Energy Corp., the seller, has fully divested its stake in Anfield Energy, receiving CAD 19.55 million from the sale of 170 million shares. This sale improves enCore's cash liquidity and enhances its financial flexibility, potentially allowing for operational expansion, resource development, or strategic acquisitions in the uranium sector [2].
The acquisition comes amidst significant market dynamics in the uranium sector. The market is experiencing a structural supply deficit, with a projected 35 million pound deficit in 2025, partially offset by secondary supplies. This deficit is expected to persist or worsen before improving, creating opportunities for investors [3].
The uranium market's unique characteristics, including its specialized participants and limited inventory buffer, contribute to its volatility. The market's sensitivity to buying patterns and financial influence makes it susceptible to price movements, creating both opportunities and challenges for market participants [3].
Overall, the acquisition by Uranium Energy Corp. reflects the strategic importance of Anfield Energy's ISR technology and projects in the uranium market. The transaction aligns with Uranium Energy's focus on clean, reliable, and affordable fuel for nuclear energy, positioning the company for growth in the evolving market landscape.
References:
[1] https://www.marketscreener.com/quote/stock/URANIUM-ENERGY-CORP-62414/news/Uranium-Energy-Corp-acquired-14-73-stake-in-Anfield-Energy-Inc-from-enCore-Energy-Corp-TSXV-EU-50304374/
[2] https://www.gurufocus.com/news/2938090/encore-energy-announces-filing-of-early-warning-report-eu-stock-news
[3] https://discoveryalert.com.au/news/uranium-market-nuclear-energy-2025/
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