enCore Energy (EU) Registration Filing summary

Company overview and business model

• Incorporated in British Columbia in 2009, now a domestic issuer and large accelerated filer in the U.S. as of January 1, 2025.

• Focused on extracting domestic uranium in the U.S. using in-situ recovery (ISR) technology for clean, carbon-free nuclear energy.

• Commenced uranium extraction at Rosita and Alta Mesa projects in South Texas in 2024; aims to expand extraction capacity and develop projects in South Dakota and Wyoming.

• Remains classified as an exploration stage issuer, as no proven or probable mineral reserves have been established.

Financial performance and metrics

• As of the prospectus date, 187,139,534 common shares are issued and outstanding; no preferred shares are 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 will be used for general corporate purposes, including mergers and acquisitions, debt repayment or refinancing, and other capital expenditures.