enCore Energy Enters Definitive Agreement to Sell New Mexico Uranium Assets to Verdera Energy
March 18, 2025
enCore Energy Corp. entered into a share purchase agreement with Verdera Energy Corp. for Verdera to acquire an enCore subsidiary holding Crownpoint, Hosta Butte, Nose Rock, West Largo, and Ambrosia Lake–Treeline uranium projects in New Mexico. The deal consideration includes 50,000,000 non-voting preferred shares of Verdera (about 73% of fully diluted shares), plus royalties and a $350,000 cash payment, with closing anticipated by March 31, 2025.
- Buyers
- Verdera Energy Corp.
- Targets
- enCore subsidiary holding the Crownpoint, Hosta Butte, Nose Rock, West Largo, and Ambrosia Lake–Treeline uranium projects
- Sellers
- enCore Energy Corp.
- Industry
- Energy
- Location
- New Mexico, United States
- Transaction Type
- Divestiture
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