enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), a uranium producer and America’s Clean Energy Company, announced today the appointment of Ms. Stacy Nieuwoudt as a Director of the Board for enCore Energy Corp. Ms. Nieuwoudt will also serve on the Audit Committee and the Compensation Committee.
Ms. Stacy Nieuwoudt, Director
Ms. Nieuwoudt brings more than 20 years of energy and industrial sectors experience to the enCore Board and is recognized for her in-depth understanding of energy industry valuations and opportunities. She has experience working with Boards and senior executives providing financial expertise, evaluating and analyzing financial transactions and strategic initiatives and capitalizing on changing market dynamics to align corporate incentives with shareholder interests. Ms. Nieuwoudt also serves as a Director of the NASDAQ-listed company, ProFrac Holdings Corp., holding the position of Chair of the Compensation Committee and a member of the Audit Committee. Previously, she served as a Director of the NYSE-listed Independence Contract Drilling Inc. and chaired the Audit and Nominating & Governance committees plus served on the Compensation Committee. Ms. Nieuwoudt was previously a Senior Energy and Industrials Analyst at Aptigon Capital, a Citadel Company. Prior to that, Ms. Nieuwoudt served as an Energy Equities Analyst at Surveyor Capital, also a Citadel Company. Ms. Nieuwoudt holds a B.A. from Rice University.
The Company also announced Mr. Richard Cherry has resigned as a Director of the Company. Mr. Cherry will remain a Technical Advisor to the Company.
William M. Sheriff, Executive Chairman added: “On behalf of the Board of Directors I want to extend a warm welcome to Ms. Stacy Nieuwoudt, our newest Board member. As we look to maximize our opportunities with the ever-increasing momentum for nuclear energy, her expertise in the financial markets strengthens enCore. I also want to thank Richard Cherry for his years of service to the Company and look forward to his continued marketing expertise as a member of the enCore Advisory Committee.”
In accordance with the appointment, Ms. Nieuwoudt has been granted 225,000 stock options at an exercise price of $ 5.61 CDN. The stock options vest over a 24-month period, with 25% of the Options vesting six months following the grant date, and an additional 25% vesting every six months thereafter.
About enCore Energy Corp.
enCore Energy Corp., America’s Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only United States uranium producer with multiple production facilities in operation. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of In-Situ Recovery (“ISR”) uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy.
Following upon enCore’s demonstrated production success in South Texas, future projects in the production pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The Company holds other assets including significant New Mexico resources, non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments. www.encoreuranium.com
