11:51 AM EST, 11/25/2024 (MT Newswires) -- enCore Energy (EU.V) said Monday it bought 5.2-million units in Nuclear Fuels ( NFUNF ) at $0.40 apiece for about $2.1 million through a bought-deal private placement.

Following the offering, enCore said it now holds 16.7-million Nuclear Fuels ( NFUNF ) common shares, a 17.1% stake on an undiluted basis and up to 19.9% on a partially diluted basis including underlying warrants that can be exercised. enCore said it acquired the shares as an investment.

enCore shares were last seen down $0.15 to $5.25 on the TSX Venture Exchange while Nuclear Fuels' ( NFUNF ) stock was down $0.005 to $0.44 on the Canadian Securities Exchange.

Price: 5.25, Change: -0.15, Percent Change: -2.78