Together with $41.8 million previously paid by enCore, net proceeds from the Note total $64.2 million
Energy Fuels Inc. is pleased to announce that, on November 9, 2023, it sold to MMCAP International Inc. SPC the remaining unpaid balance of $20 million owed under the Secured Convertible Note issued to the Company by
enCore Energy Corp. as partial consideration for enCore's purchase of the Alta Mesa In-Situ Recovery Project , as previously announced on February 15, 2023, for total consideration of $21 million plus $1.5 million in unpaid accrued interest, less a sales commission of $100,000 paid to a third-party broker. As disclosed in the Company's Form 10-Q for the quarter ended September 30, 2023, enCore previously paid $40 million toward the $60 million princ...