NASDAQ:EUTSXV:EUwww.encoreuranium.com DALLAS, Aug. 14, 2024 /PRNewswire/ - enCore Energy Corp. (NASDAQ:EU) (TSXV:EU) (the "Company" or "enCore"), a uranium producer, today reports results from the three and six month periods ended June 30, 2024. enCore continued to enjoy rising revenue due to increasing production and sales of U3O8 ("yellowcake") in the first half of 2024.  The Company commissioned the Alta Mesa In-Situ Recovery ("ISR") Central Processing Plant and Wellfield ("Alta Mesa") late in the quarter (June 13, 2024 NR) as its second uranium producing facility in the United States ("US"), making enCore the only company with two uranium facilities in the US currently producing yellowcake.  The Company met its delivery commitments under contracts with the delivery of 410,000 pounds, partially purchased and partially produced, of U3O8 during the six month period.  enCore continued to move its pipeline of projects ahead with permitting activities in south Texas and preparation for a drilling program in Wyoming. Six Month Period Performance Highlights (in USD unless otherwise noted): The Company recorded revenue of $36 million from the sale of yellowcake under sales contracts with nuclear utility customers; Uranium production commencement from two of its three plants in Texas within an eight-month time period making enCore the only company currently producing uranium at more than one facility in the US; Contract deliveries of 410,000 pounds of U3O8 at an average sales price of $87.11 per pound fully meeting the Company's contractual commitments; The Company entered its seventh uranium supply contract, in Q2 2024, with a US nuclear utility to deliver 200,000 pounds of U3O8 per year in 2028 and 2029 using a pricing structure assuring inflation adjusted realized prices above current spot prices presently in the low $80 per pound range; The Company continues uranium supply contract negotiations with US nuclear utilities with flexible inflation adjusted pricing designed to assure the Company of known floor prices and allowing its participation in significant upward pricing. Summary of Select Financial Highlights for the Quarter and Six Months Ended June 30, 2024 and 2023:(in thousands of US dollars) 3 months ended 6 months ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Revenue and other income: 5,320 *       35,714 * Cost of goods sold  8,323 *       36,374 * Gross Profit (3,003) *   (660) *