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enCore Energy (EU) provides the Company’s contracting strategy and 5 year forward outlook regarding its uranium sales agreements. As of October 31 the Company has executed seven contracts to supply uranium to nuclear power plants in the United States and holds one legacy contract with a uranium trading company. The company said, “Our Contracting Strategy Outlook represents our annual contracted sales only. This Contracting Strategy provides enCore with significant exposure to future spot uranium prices on a percentage of our future planned production. The Company’s Contracting Strategy has achieved the objective of establishing a base level of revenue while retaining significant exposure to upside price action. Sees Q4 uranium contracted deliveries 190,000 lbs, FY25 740,000, FY26 920,000, FY27 925,000, FY28 750,000; and FY29 955,000. The Company intends to provide updates to the Contracting Strategy and the 5-year forward-looking revenue projection in the 4th quarter of each year providing transparency and notes that this is not intended to account for the Company’s total production or revenue for any given year.
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