enCore Energy Corp. (TSX.V:UE) and Tigris Uranium US Corp. entered into a definitive agreement to acquire non-core uranium assets from Energy Fuels Inc. (TSX:EFR) for CAD 0.94 million in cash and stock on November 20, 2015. The consideration includes the payment of $0.18 million (CAD 0.24 million) in cash at closing to Energy Fuels along with the issuance of 14.25 million of enCore Energy's Class A common shares. A final payment of $0.15 million (CAD 0.2 million) is due in 6 months. At closing, Energy Fuels will own 19.9% of the issued and outstanding shares of enCore and hold a seat on enCore's Board of Directors. enCore will assume all liabilities on the properties, including all debts, obligations and environmental claims. Completion of the transaction is subject to among other conditions, approval of the TSX Venture Exchange. The currency conversions were done through www.oanda.com as on November 24, 2015.

enCore Energy Corp. (TSX.V:UE) and Tigris Uranium US Corp. completed the acquisition of non-core uranium assets from Energy Fuels Inc. (TSX:EFR) on January 6, 2016.