enCore Energy (EU) Registration Filing summary

Company overview and business model

• Incorporated in British Columbia, now classified as a domestic issuer and large accelerated filer in the U.S. as of January 1, 2025.

• Focused on extracting uranium in the U.S. using in-situ recovery technology to supply clean, carbon-free nuclear energy.

• Commenced uranium extraction at Rosita and Alta Mesa projects in South Texas in 2024; remains an exploration stage issuer under S-K 1300.

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

Financial performance and metrics

• As of the prospectus date, 187,104,534 common shares issued and outstanding; no preferred shares outstanding.

• Outstanding options, warrants, and restricted stock units provide potential for further dilution.

• History of negative operating cash flows; may require additional financing to implement business and strategic plans.

Use of proceeds and capital allocation

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