William Sheriff, Executive Chairman of enCore, stated: "ISR production has major operating and capital cost advantages as well as significantly less environmental impact compared to conventional mining. The completion of the Arrangement is the second major acquisition by enCore within the past twelve months and represents a continuation of enCore's strategy to create the leading United States ISR uranium producer. The Arrangement consolidates an industry leading pipeline of exploration and development stage in-situ recovery ("ISR") projects, including two production licenses and focused uranium projects in preferred, permittable United States jurisdictions and resources of approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category1ĮnCore's assets include the licensed Rosita & Kingsville production facilities in South Texas, the advanced-stage Dewey Burdock development project in South Dakota, which has been issued its key federal permits, the PEA-stage Gas Hills Project, located in Wyoming, and a dominant portfolio of large high quality ISR projects throughout Wyoming and New Mexico. (" Azarga Uranium") ( TSX:AZZ), (OTCQB:AZZUF), (FRA:P8AA) are pleased to announce the closing of the previously announced plan of arrangement (the "Arrangement") whereby enCore has acquired all of the outstanding shares of Azarga Uranium. ("enCore") (TSXV:EU)(OTCQB:ENCUF) and Azarga Uranium Corp. Top Battery Metals Stocks on the TSX and TSXVĮnCore Energy Corp.All material is copyrighted and is for viewing purposes only. As with all tax and estate planning, please consult your attorney or estate specialist. The information on this site does not constitute legal or tax advice. Please note: individual financial circumstances will vary. Wills and Bequests - Pam Adams - or return toĬharitable Lead Trusts - Phil and Alicia. However, these other assets are reviewed on a case-by-case basis.įor more information about gifts of appreciated assets, pleaseĬontact us so we can respond to your specific needs. While the gift of appreciated assets often involves stock, other marketable assets, such as land, antiques, and homes, can be utilized as potential gifts with the possibility of valuable tax benefits. Also, Richard and Terri receive a greater tax deduction by giving the stock directly and avoiding the capital gain tax. By donating the stock, public broadcasting receives more than it would receive if Richard and Terri first sold the stock and then donated the proceeds after deducting the capital gain taxes. If, instead of selling the stock, they gave the 300 shares to public broadcasting, they would not incur any capital gains and would be able to deduct the current value (300 shares X $36 = $10,800) as a charitable gift. Richard and Terri could sell the stock, pay the tax on the capital gain, and either keep or donate the proceeds. If they sold the stock in the market, they would have a taxable, long-term capital gain on the difference between their cost and what they would receive from the sale ($36 minus $15 = $21 capital gain per share. The current value in today's market is $36 a share. Suppose in this example they have 300 shares of XYZ Corporation that they purchased at $15 a share some years ago. You also receive tax benefits based on the value of the asset(s). The gift of an asset, often common stock or mutual fund shares, is a valuable way to make a contribution to public broadcasting.
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