enCore Energy (TSE:EU) has released an update.
enCore Energy Corp. has reported a significant increase in its financial position, with total assets rising from $324.6 million at the end of 2023 to $419.2 million by September 2024. The company’s cash reserves saw a substantial boost, climbing from $7.5 million to $46.3 million within the same period. However, enCore Energy also recorded a net loss for the nine months ending September 2024, with expenses exceeding revenues, contributing to an accumulated deficit.
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