We received from enCore Energy Corp. and we are glad to publish the following Hosts Corporate Update
“enCore Energy Corp. (NASDAQ:EU | TSXV:EU) (the “Company” or “enCore”), America’s Clean Energy CompanyTM, today announced William M. Sheriff, Executive Chairman, and Robert Willette, A/Chief Executive Officer are hosting a corporate update on Wednesday, August 27th at 1:15PM ET. The corporate update will include an overview of current operations at South Texas, expansion of the Alta Mesa project, and details of the recently closed Convertible Notes offering. Attendees can register for the webcast with this link:
https://app.webinar.net/
About The Convertible Notes
On August 22, 2025, enCore Energy closed a $115 MM USD of senior unsecured convertible notes offering due August 15, 2030.
This unique financing provides the Company with access to long-term capital and maximum balance sheet flexibility going forward. The notes bear a very attractive cash interest rate of 5.50% with flexibility upon investor conversions in future, to pay the principal in cash, common shares, or any combination thereof, at the Company’s election. In addition, the Company also retains the right to redeem the notes ahead of maturity, thereby forcing convertibility if the stock exceeds $4.28 USD for 20 out of 30 trading days from August 21st, 2028 onward.
In addition, the Company also entered into a private Capped-Call arrangement with an international consortium of leading banks to minimize any future dilution attributable to the notes, by raising the effective conversion premium from 127.5% to 175% above the closing price of the Company’s shares immediately preceding the transaction announcement on August 19th, 2025. Simply stated, this means that the Company has successfully diversified their investor base, raising flexible growth capital without dilution to shareholders until the stock price exceeds approximately $4.52 USD per share.
For those who are unable to attend, the webcast recording will be available to watch using the same link.
About enCore Energy Corp.
enCore Energy Corp., America’s Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only United States uranium company with multiple Central Processing Plants in operation. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy.
Following upon enCore’s demonstrated success in South Texas, future projects in enCore’s planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The Company holds other assets including non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments.”
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