enCore Energy (EU) Registration filing summary

Company overview and business model

• Incorporated in British Columbia, now a domestic issuer in the U.S. as of January 1, 2025.

• Focused on domestic uranium extraction in the U.S. using in-situ recovery (ISR) technology.

• Commenced uranium extraction at Rosita and Alta Mesa plants in South Texas in 2023.

• Strategy centers on building uranium extraction capacity in Texas, with future projects in South Dakota and Wyoming.

• Aims to be a leading supplier of uranium for clean, carbon-free nuclear energy.

Financial performance and metrics

• As of March 31, 2026, 194,216,153 common shares issued and outstanding; no preferred shares outstanding.

• Outstanding options, restricted stock units, and convertible notes detailed, with significant potential dilution.

Use of proceeds and capital allocation

• Net proceeds intended for general corporate purposes, including M&A, debt repayment/refinancing, and capital expenditures.