• Uranium company enCore Energy (EU) has appointed Paul Goranson to the position of Chief Executive Officer, effective October 1, 2020
  • Paul will replace Dennis Stover, who will transition to the role of Chief Technical Officer
  • He has more than 30 years of experience in the uranium sector, and most recently acted as Chief Operating Officer of Energy Fuels Resources (USA)
  • Paul’s expertise in building, renovating and operating uranium assets is expected to be of particular help in the company’s acquisition of Westwater Resources
  • enCore Energy (EU) is currently up 6.67 per cent and is trading at C$0.48 per share

Uranium company enCore Energy (EU) has appointed Paul Goranson to the position of Chief Executive Officer, effective October 1, 2020.

He will replace the company’s current CEO, Dennis Stover, who will transition to the role of Chief Technical Officer and remain as a Director.

Paul has more than 30 years of mining, processing and regulatory experience within the uranium sector, having most recently acted as Chief Operating Officer of Energy Fuels Resources (USA).

Prior to this, he served as President and Chief Operating Officer of Uranerz, and was the President of Cameco Resources, a wholly owned US subsidiary of Cameco Corporation.

William Sheriff, Executive Chairman of enCore Energy, said Paul is an experienced executive with extensive expertise across the uranium sector.

“Under his leadership, and backed by one of the most experienced teams in the industry, enCore will be well-placed to work towards advancing our goal to become a uranium producer in the United States.

“I also want to thank Dr. Dennis Stover for his years at the helm, we are most fortunate that he will continue to provide enCore and Group 11 with his ISR and other technical expertise in his new position as our Chief Technical Officer,” he added.

With Paul’s particular expertise in building, renovating and operating uranium assets in South Texas, his appointment as CEO is expected to strongly support enCore Energy’s acquisition of Westwater Resources’ US-based assets, which was announced earlier this month.

This includes two licensed production facilities, mineral exploration leases in Texas, and more than 180,000 acres of patented mineral rights in New Mexico.

Commenting on his appointment, Paul said he is excited by the company’s long-term strategy and vision.

“During my previous limited tenure on the company’s Board, I developed a deep regard and respect for the experience and energy of enCore’s management team.

“I believe that with the changes in the supply-demand balance in the uranium markets, along with initiatives being carried forward by the US Government, enCore Energy is well situated to successfully implement its strategy and vision,” he added.

enCore Energy (EU) is currently up 6.67 per cent to C$0.48 per share at 2:26pm EDT.

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