enCore Energy Corp. Hosts Corporate Update
enCore Energy Corp. Hosts Corporate Update
NASDAQ:EU
TSXV:EU
www.encoreuranium.com
DALLAS
,
Aug. 25, 2025
/CNW/ -
enCore Energy Corp.
(NASDAQ: EU) (TSXV: EU) (the
"Company"
or
"enCore"
), America's Clean Energy Company
TM
, today announced
William M. Sheriff
, Executive
Chairman, and
Robert Willette
, A/Chief Executive Officer are hosting a corporate update on
Wednesday,
August 27
th
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/jeYVQLNX5aN
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.
www.encoreuranium.com
Cautionary Note Regarding Forward Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Any statements contained in this press release that are not based on historical facts, including
statements about the recently completed offering of convertible senior notes due in 2030, third parties
entering into or unwinding derivative transactions with respect to enCore's common shares and/or
purchasing or selling the Company's common shares, and the potential impact of the capped call
transactions and third parties entering into or unwinding derivative transactions with respect to the
Company's common shares and/or purchasing or selling the Company's common shares on dilution to
enCore's shareholders or the offset of any cash payments enCore is required to make in excess of the
principal amount of converted Convertible Notes, the market price of the Company's common shares or
the Convertible Notes or the initial conversion price of the Convertible Notes, constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian
securities laws that are based on management's current expectations, assumptions and beliefs.
Forward-looking statements can often be identified by such words as "will", "expects", "plans",
"believes", "intends", "estimates", "projects", "continue", "potential", and similar expressions or
variations (including negative variations) of such words and phrases, or statements that certain actions,
events or results "may", "could", or "will" be taken. These forward-looking statements are predictions
reflecting the best judgment of senior management and reflect our current expectations regarding the
offering, the expected closing of the offering, the intended use of proceeds, third parties entering into or
unwinding derivative transactions with respect to enCore's common shares and/or purchasing or selling
the Company's common shares, and the potential impact of the capped call transactions and third
parties entering into or unwinding derivative transactions with respect to enCore's common shares
and/or purchasing or selling the Company's common shares on dilution to enCore's shareholders or the
offset of any cash payments enCore is required to make in excess of the principal amount of converted
Convertible Notes, the market price of enCore's common shares or the Convertible Notes or the initial
conversion price of the Convertible Notes. These expectations may or may not be realized. Some of
these expectations may be based on beliefs, assumptions or predictions that may prove to be incorrect.
In addition, our business and operations involve numerous risks and uncertainties, many of which are
beyond our control, which could result in our expectations not being realized or otherwise materially
affect our business, financial condition, results of operations, cash flows and liquidity. Such risks and
uncertainties include, but are not limited to, the risks related to whether enCore will consummate the
offering of the Convertible Notes on the expected terms or at all, the anticipated terms of, and the
effects of entering into, the capped call transactions, third parties entering into or unwinding derivative
transactions with respect to enCore's common shares and/or purchasing or selling enCore's common
shares, market and general conditions, and those described in greater detail in our filings with the
Securities and Exchange Commission, particularly those described in our Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q.
Should one or more of these risks materialize, or should
assumptions underlying the forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated, believed, estimated or
expected. The Company assumes no obligation to update the information in this communication, except
as required by law. Additional information identifying risks and uncertainties is contained in filings by
the Company with the respective securities commissions which are available online at
www.sec.gov
and
www.sedarplus.ca
.
Forward-looking statements are provided for the purpose of providing information about the current
expectations, beliefs and plans of management. Such statements may not be appropriate for other
purposes and readers should not place undue reliance on these forward-looking statements, that speak
only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon
which they are based will occur. Such information, although considered reasonable by management at
the time of preparation, may prove to be incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this news release are expressly qualified by this
cautionary statement.
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SOURCE
enCore Energy Corp.
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http://www.newswire.ca/en/releases/archive/August2025/25/c6092.html
%SEDAR: 00029787E
For further information:
William M. Sheriff, Executive Chairman, 972-333-2214,
CO: enCore Energy Corp.
CNW 17:49e 25-AUG-25