AI Earnings Predictions for enCore Energy Corp. (EU)

EX-99.1

2 d349999dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

NEWS RELEASE

NASDAQ: EU

TSXV: EU

August 13, 2026

www.encoreuranium.com

enCore Energy Reports Q2 2026 Financial Results

DALLAS, August 13, 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 six months ended June 30, 2026.

Results for the six months ended June 30, 2026 include:

•

Loss per Share: Net loss per share of $0.19 versus $0.16 for the same period 2025. The increased loss was driven primarily by lower extraction and a fair value adjustment of Verdera Energy Corp. shares, as described in the Form 10-Q;

•

Uranium Deliveries: Delivery into contracts of 485,000 pounds of uranium (“U3O8”) at an average sales price of $70.10 per pound, compared to 350,000 pounds of U3O8 at an average sales price of $62.58 per pound in the same period 2025;

•

Operating Margin: Weighted average cost of delivered U3O8 increased to $75.54 per pound including 360,000 purchased pounds, compared to a weighted average cost of $59.42 per pound in the same period 2025;

•

Uranium Extraction: U3O8 extraction of 131,274 pounds, a decrease from 317,613 pounds during the same period 2025;

•

Costs: Higher year to date 2026 extraction costs of $57.36 per pound compared to $42.92 for the same period 2025 due to lower extraction;

•

Inventory: Closing balance of 203,304 pounds of U3O8 in inventory at a weighted average cost of $70.81 per pound;

•

Total liquidity of $88.4 million, including $21.8 million of unrestricted cash, $52.2 million of marketable securities, and $14.4 million of inventory. Adjusted total liquidity as of June 30, 2026 was $73.5 million, which excludes marketable securities of $14.9 million in Verdera Energy Corp.

1

Operational Updates:

•

Alta Mesa Project: Final permitting to begin extraction operations from Wellfield 3 Extension is anticipated in Q4-2026. Costs have been fully expensed, and the Wellfield is ready for immediate operation upon receipt of final permits. Alta Mesa’s Wellfield 7 is scheduled to cease recovery during Q3-2026 due to anticipated depletion as the end of its natural life approaches. Final permits for Wellfield 8 are anticipated by the end of Q1-2027;

•

Alta Mesa East Exploration: Drilling with 3 to 5 rigs continued throughout the quarter and is ongoing. Results to date have met or exceeded expectations and initial permitting is underway. Drilling is projected to continue through the current quarter and into Q4-2026. New drill results will be reported in the coming weeks and months;

•

Rosita Project and Upper Spring Creek Project: Initial start-up extraction from the Upper Spring Creek Wellfield and Satellite IX Plant is anticipated to feed the Rosita Central Processing Plant immediately upon receipt of final permits, which are anticipated in Q4-2026. Costs have been fully expensed in prior periods and the plant is ready for immediate operation upon receipt of final permits;

•

Improved Outlook: The new operation at Upper Spring Creek coupled with the new wellfields at Alta Mesa position enCore for improved extraction and greater operating efficiency as the Company moves into 2027;

•

Dewey Burdock ISR Uranium Project: On June 22, 2026, the Company announced important permitting progress highlighted by the Dewey Burdock ISR Uranium Project receiving a 20-year renewal of the Source Materials License (SUA-1600) effective until June 2046, following the Bureau of Land Management approval to commence infrastructure construction. The Project has now received all necessary federal permits. The Project entered State of South Dakota permitting on June 15, 2026, which is under review by the Department of Agriculture & Natural Resources. Although we anticipate development in 2028, this is subject to receiving permits from the state;

•

Reduction in Expenses: In July 2026, management executed on its plan for reducing costs with a reduction in workforce following a rationalization of staffing needs across the Company. While this reduction was initiated during the second quarter, the significant savings realized from this action will not be realized until the third quarter financials and beyond. The Company remains focused on disciplined execution, strengthening its balance sheet and improving its uranium extraction to meet growing U.S. utility demand.

2

U3O8 Inventory

Inventory Remaining on Hand

As of June 30, 2026

As of June 30, 2025

U3 O8 Inventory

Pounds U3 O8

Cost ($000s)

Cost/Pounds

Pounds U3 O8

Cost ($000s)

Cost/Pounds

Total Cost of Inventory

203,304

$ 14,396

$ 70.81

244,204

$ 9,678

$ 39.63

Purchased (1)

140,000

$ 11,263

$ 80.45

20,000

$ 1,188

$ 59.42

Extracted total cost

63,304

$ 3,133

$ 49.49

224,204

$ 8,490

$ 37.87

Extracted:

Cash costs (2)

$ 2,233

$ 35.27

$ 6,098

$ 27.20

Non-Cash costs (3)

$ 900

$ 14.22

$ 2,392

$ 10.67

(1)

Lower of actual cost

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