08:28 AM EST, 03/05/2024 (MT Newswires) -- enCore Energy (EU.TO. EU) shares were last seen down 1.1% in premarket Nasdaq trading after the company on Tuesday said it made its first shipment of uranium from the Rosita central processing plant after completing the facility last month.

The company said the shipment is being sent to a conversion facility followed by delivery to an undisclosed utility customer.

enCore also said it reached a fifth commercial uranium supply contract with a utility to for supply of uranium between 2026 and 2032. The company said it has now contracted 50% of its expected uranium production through 2032.

enCore shares were last seen down US$0.041 to US$3.81 in premarket trade. They closed down C$0.20 to C$5.17 Monday on the Toronto Stock Exchange.