enCore Energy (EU) Proxy Filing summary

Executive summary

• Annual general meeting scheduled for June 11, 2025, to be held virtually, with shareholders of record as of April 17, 2025, eligible to vote.

• Key achievements include expansion of uranium extraction operations, asset rationalization, and the completion of a greenhouse gas emissions and sustainability report.

• The company emphasizes its commitment to high performance, operational execution, and environmental responsibility through in-situ recovery (ISR) technology.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of eight directors, (2) advisory approval of executive compensation (say-on-pay), (3) advisory vote on frequency of future say-on-pay votes, and (4) appointment of KPMG LLP as independent auditor for 2025.

• Board recommends voting FOR all director nominees, FOR the say-on-pay proposal, FOR annual say-on-pay votes, and FOR KPMG as auditor.

• Shareholder proposals for the 2026 annual meeting must be submitted by December 25, 2025.

Board of directors and corporate governance

• Board consists of eight members, five of whom are independent under Nasdaq and Canadian rules.

• Board committees include Audit, Compensation, Governance and Nominating, Investment, Sustainability, and Disclosure Committees.

• Board leadership structure includes an Executive Chairman (not independent) and a Lead Independent Director.

• Directors receive cash fees and stock options; compensation reviewed by an independent consultant, with no significant changes for 2025.

• Board and committee charters, as well as a Code of Business Conduct and Ethics, are in place and reviewed regularly.