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New Deal


Announced

Completed

Boss Energy completed the acquisition of 30% stake in enCore Energy for $70m.

Financials

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Transaction Value£59m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Completed

Friendly

United States

uranium developer

Minority

Single Bidder

Chemicals: Diversified

Private

Synopsis

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Boss Energy, a uranium company, completed the acquisition of 30% stake in enCore Energy, a uranium developer, for $70m. "The completion of the joint venture with Boss Energy comes at a transformational time for enCore and we look forward to their partnership at the Alta Mesa plant. With zero debt, production underway at the Rosita plant and a healthy treasury, we are in a strong position to advance the production pipeline across our portfolio at a more aggressive pace in 2024. We look forward to a year full of opportunity and growth as the only company in the United States with two operating uranium plants, supplying the essential material to fuel domestic nuclear energy," William M. Sheriff, enCore Executive Chairman.

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