EU

EX-99.1

2 d78166dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

NEWS RELEASE

NASDAQ: EU

TSXV: EU

May 14, 2026

www.encoreuranium.com

enCore Energy Reports Q1 2026 Financial Results

DALLAS, May 14, 2026 – enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the “Company” or “enCore”), America’s Clean Energy CompanyTM, announced today its financial and operational results for the first quarter ended March 31, 2026.

William M. Sheriff, Executive Chairman of enCore Energy, stated, “enCore’s first quarter results reflect year-over-year improvements in uranium extraction with only a slight increase in our cost per pound.

“Looking ahead, our new CEO, Richard Little, and I are excited by the company’s prospects for the remainder of 2026 and beyond as the results of our decisive action plan take full effect:

•

Cut costs across the organization

•

Increase and accelerate shareholder communication

•

Focus on and continue to push for more timely permit approvals

•

Actively evaluate potential industry consolidation opportunities.”

Sheriff continued: “Our early execution is already showing improvement as our overall liquidity as of May 8, 2026, stood at $84.7 million, including cash, 23.8 million shares of Ur-Energy, plus other marketable securities, excluding Verdera Energy shares.”

Highlights for the first quarter of 2026 include:

•

Net income per share $0.03 for the first quarter of 2026, versus $(0.13) per share loss for the same period ended March 31, 2025. The improvement in net income per share is driven by improved operations and the impact of the sale of the New Mexico assets to Verdera, as described in the Form 10-Q;

•

Delivery of 270,000 pounds of U3O8 into sales contracts at an average price of $67.78 per pound in Q1 2026, compared to 290,000 pounds of U3O8 in Q1 2025 at an average price of $62.89 per pound;

•

Q1 2026 weighted average cost of delivered U3O8 was $68.02 per pound compared to a weighted average cost of $62.97 per pound in the 2025 period;

•

U3O8 extraction of 90,000 pounds during the period ended March 31, 2026, an increase of approximately 22% from 73,711 pounds during the period ended March 31, 2025;

•

Q1 2026 extraction costs of $46.43 per pound compared to $45.62 in the 2025 period;

1

•

Closing U3O8 inventory balance was 153,956 pounds at a weighted average cost of $64.52 per pound; and

•

Closing cash and equivalent balance of $41.6 million with total liquidity of $84.7 million, including marketable securities other than Verdera Energy shares on March 31, 2026.

Total Costs of U3O8 Sold

As of March 31, 2026

As of March 31, 2025

Pounds U3O8

Cost ($000s)

Cost/Pounds

Pounds U3O8

Cost ($000s)

Cost/Pounds

Total Cost of Pounds

270,000

$ 18,365

$ 68.02

290,000

$ 18,262

$ 62.97

Purchased

(1 )

180,000

$ 14,187

$ 78.82

216,289

$ 14,900

$ 68.89

Extracted total

90,000

$ 4,178

$ 46.43

73,711

$ 3,362

$ 45.62

Extracted:

Cash costs

(2 )

$ 3,145

$ 34.94

$ 2,304

$ 31.26

Non-Cash costs

(3 )

$ 1,034

$ 11.48

$ 1,058

$ 14.36

(1)

Lower of actual cost or market price as of the end of Q1-2026.

(2)

Cash costs of extracted pounds related to the cost of goods sold are a metric for investors in evaluating the Company’s operations.

(3)

Non-cash costs of extracted pounds related to the cost of goods sold as

an insight into additional expenses that impact overall costs and include depletion and certain sales-related fees.

U3O8 Inventory

As of March 31, 2026

As of March 31, 2025

Pounds U3O8

Cost ($000s)

Cost/Pounds

Pounds U3O8

Cost ($000s)

Cost/Pounds

Total Cost of Inventory

153,956

$ 9,934

$ 64.52

153,058

$ 6,182

$ 40.39

Purchased

(1 )

70,000

$ 5,603

$ 80.04

28,711

$ 1,717

$ 59.80

Extracted total cost

83,956

$ 4,331

$ 51.59

124,347

$ 4,465

$ 35.91

Extracted:

Cash costs

(2 )

$ 3,416

$ 40.68

$ 2,859

$ 22.99

Non-Cash costs

(3 )

$ 916

$ 10.91

$ 1,606

$ 12.91

(1)

Lower of actual cost or market price as of the end of Q1-2026.

(2)

Cash costs of extracted pounds related to the cost of goods sold are a metric for investors in evaluating the Company’s operations.

(3)

Non-cash costs of extracted pounds related to the cost of goods sold as

an insight into additional expenses that impact overall costs and include depletion and certain sales-related fees.

Investor Information

enCore’s interim financial statements, including the accompanying Management’s Discussion and Analysis, are available in the Company’s Quarterly Report on Form 10-Q, which was filed with the U.S. Securities and Exchange Commission (“SEC”) today. It includes the Company’s consolidated financial statements for the three months ended March 31, 2026, and the related notes and financial results. The report can be accessed at www.sec.gov and on enCore’s investor relations page at www.encoreuranium.com.

2

About enCore Energy Corp.

enCore Energy Corp., America’s Clean Energy Company™, is committed to providing clean, reliable, and affordable uranium, pr

8-K

00-0000000 NASDAQ false 0001500881 0001500881 2026-03-09 2026-03-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 9, 2026

enCore Energy Corp. (Exact name of registrant as specified in its charter)

British Columbia

001-41489

N/A

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

One Galleria Tower 13355 Noel Rd, Suite 1700 Dallas, Texas

75240

(Address of principal executive offices)

(Zip Code) Registrant’s telephone number, including area code: (361) 239-2025 Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol

Name of each exchange on which registered:

Common Shares, no par value

EU

The Nasdaq Capital Market LLC TSX Venture Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

The following information is intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition.” This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing. On March 9, 2026, enCore Energy Corp. issued a press release announcing its financial results for the Company’s fourth quarter ended December 31, 2025. The full text of the press release is furnished herewith as Exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

Description

99.1

Press Release of enCore Energy Corp. dated March 9, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ENCORE ENERGY CORP.

By:

/s/ Robert W. Hudson Jr.

Robert W. Hudson Jr.

General Counsel and Secretary

Dated: March 9, 2026

8-K

00-0000000 NASDAQ false 0001500881 0001500881 2025-11-10 2025-11-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 10, 2025

enCore Energy Corp. (Exact name of registrant as specified in its charter)

British Columbia

001-41489

N/A

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

5950 Berkshire Lane, Suite 210, Dallas, TX

75225

(Address of principal executive offices)

(Zip Code) Registrant’s telephone number, including area code: (361) 239-2025 Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol

Name of each exchange on which registered:

Common Shares, no par value

EU

The Nasdaq Capital Market LLC

TSX Venture Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition. The following information is intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition.” This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing. On November 10, 2025, enCore Energy Corp. (the “Company”) issued a press release announcing its financial results for the Company’s third quarter ended September 30, 2025. The full text of the press release is furnished herewith as Exhibit 99.1 to this report. Item 9.01. Financial Statements and Exhibits. (d) Exhibits.

Exhibit

Description

99.1

Press Release of enCore Energy Corp. dated November 10, 2025

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ENCORE ENERGY CORP.

By:

/s/ Robert W. Hudson Jr.

Robert W. Hudson Jr.

General Counsel and Secretary

Dated: November 12, 2025