Overview
Compare with URANIUM ENERGY CORP, Western Uranium & Vanadium Corp. or Yinfu Gold Corp., or pick any stock.
- TickerEU on Nasdaq2
- IndustryMiscellaneous Metal Ores2
- HeadquartersVancouver, Canada2
- Incorporated inBritish Columbia, Canada3
- Business addressOne Galleria Tower, 13355 Noel Rd, Suite 1700, Dallas, Tx 752403
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI5299007FNX2NVNJM3O592
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address510-580 Hornby Street, V6C 3B6 Vancouver, Canada2
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The Company is an “Exploration Stage Issuer” as defined by S-K 1300, as it has not established proven or probable Mineral Reserves, through the completion of a pre-feasibility or feasibility study for any of our uranium projects as required by the SEC is defined as a Development Stage Issuer. Even though we commenced extraction of uranium at our Rosita Uranium Project and our Alta Mesa Uranium Project, the Company remains classified as an Exploration Stage Issuer and will continue to remain an Exploration Stage Issuer until such time as Proven or Probable Mineral Reserves have been established at one of our uranium projects.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
22.5%Gross margin6
-152.4%Operating margin6
-131.7%Net margin6
-26.0%Revenue growth, 20256
-24.8%Return on equity6
0.48×Debt to equity6
-$45.0MFree cash flow6
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue78¢$33.5M
- Other costs21¢$9.2M
- Income tax1¢$488.0K
Out of $43.2M in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $43.2M | $58.3M | |
| Cost of sales | $33.5M | $65.5M | |
| Gross profit (loss) | $9.7M | -$7.2M | |
| Mineral property expenditures | $23.3M | $29.8M | |
| General and administrative | $42.6M | $27.1M | |
| Depreciation, amortization and accretion | $5.4M | $3.4M | |
| Other operating costs | $4.2M | $4.8M | |
| Total operating expenses | $75.5M | $65.0M | |
| Operating loss | -$65.8M | -$72.2M | |
| Gain on marketable securities, realized | $9.6M | $248.0K | |
| Loss on marketable securities, unrealized | -$5.7M | -$2.7M | |
| Interest income | $1.7M | $2.5M | |
| Interest expense | -$3.4M | -$1.7M | |
| Other expense | $0 | -$17.0K | |
| Total other income (expense) | $2.3M | -$1.7M | |
| Net loss before income taxes | -$63.5M | -$73.9M | $26.1M |
| Income tax benefit | -$488.0K | -$5.9M | -$500.0K |
| Net loss | -$63.0M | -$68.0M | |
| Less: Net loss attributable to non-controlling interests | -$6.2M | -$6.6M | |
| Net loss attributable to enCore Energy Corp. | -$56.9M | -$61.4M | |
| Basic (in dollars per share) | -$0.30 | -$0.34 | |
| Diluted (in dollars per share) | -$0.30 | -$0.34 | |
| Basic (in shares) | 186.9M shares | 182.0M shares | |
| Diluted (in shares) | 186.9M shares | 182.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $52.4M | $39.7M | |
| Accounts receivable | $4.9M | $0 | |
| Prepaid expenses and other current assets | $3.6M | $2.7M | |
| Marketable securities | $43.6M | $24.0M | |
| Inventory, net | $5.3M | $21.0M | |
| Total current assets | $109.8M | $87.4M | |
| Mineral rights and properties, net | $265.8M | $271.9M | $274.5M |
| Property, plant and equipment, net | $41.2M | $24.0M | |
| Intangible assets, net | $1.5M | $471.0K | |
| Restricted cash | $8.4M | $7.8M | |
| Marketable securities, non-current | $0 | $837.0K | |
| Right of use assets - operating lease | $3.1M | $310.0K | |
| Other long-term assets | $678.0K | $0 | |
| Total assets | $430.4M | $392.7M | |
| Note payable - related party | $0 | $20.1M | |
| Operating lease liabilities, current | $186.0K | $130.0K | |
| Total current liabilities | $13.7M | $30.1M | |
| Deferred tax liabilities | $26.4M | $27.0M | |
| Asset retirement obligations | $18.9M | $16.9M | |
| Convertible senior notes | $110.0M | $0 | |
| Operating lease liabilities, non-current | $3.1M | $202.0K | |
| Total liabilities | $172.0M | $74.2M | |
| Common stock 187,354,424 and 186,114,948 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $382.8M | $380.3M | |
| Additional paid-in-capital | $56.7M | $59.9M | |
| Accumulated deficit | -$207.7M | -$150.8M | |
| Accumulated other comprehensive loss | -$2.6M | -$3.6M | |
| Total stockholders' equity | $229.2M | $285.7M | |
| Non-controlling interests | $29.1M | $32.8M | |
| Total equity | $258.4M | $318.5M | $262.0M |
| Total liabilities and stockholders' equity | $430.4M | $392.7M | |
| Common stock, issued (in shares) | 187.4M shares | 186.1M shares | |
| Common stock, outstanding (in shares) | 187.4M shares | 186.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $52.4M | $39.7M | |
| Accounts receivable | $4.9M | $0 | |
| Prepaid expenses and other current assets | $3.6M | $2.7M | |
| Marketable securities | $43.6M | $24.0M | |
| Inventory, net | $5.3M | $21.0M | |
| Total current assets | $109.8M | $87.4M | |
| Mineral rights and properties, net | $265.8M | $271.9M | $274.5M |
| Property, plant and equipment, net | $41.2M | $24.0M | |
| Intangible assets, net | $1.5M | $471.0K | |
| Restricted cash | $8.4M | $7.8M | |
| Marketable securities, non-current | $0 | $837.0K | |
| Right of use assets - operating lease | $3.1M | $310.0K | |
| Other long-term assets | $678.0K | $0 | |
| Total assets | $430.4M | $392.7M | |
| Note payable - related party | $0 | $20.1M | |
| Operating lease liabilities, current | $186.0K | $130.0K | |
| Total current liabilities | $13.7M | $30.1M | |
| Deferred tax liabilities | $26.4M | $27.0M | |
| Asset retirement obligations | $18.9M | $16.9M | |
| Convertible senior notes | $110.0M | $0 | |
| Operating lease liabilities, non-current | $3.1M | $202.0K | |
| Total liabilities | $172.0M | $74.2M | |
| Common stock 187,354,424 and 186,114,948 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $382.8M | $380.3M | |
| Additional paid-in-capital | $56.7M | $59.9M | |
| Accumulated deficit | -$207.7M | -$150.8M | |
| Accumulated other comprehensive loss | -$2.6M | -$3.6M | |
| Total stockholders' equity | $229.2M | $285.7M | |
| Non-controlling interests | $29.1M | $32.8M | |
| Total equity | $258.4M | $318.5M | $262.0M |
| Total liabilities and stockholders' equity | $430.4M | $392.7M | |
| Common stock, issued (in shares) | 187.4M shares | 186.1M shares | |
| Common stock, outstanding (in shares) | 187.4M shares | 186.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$63.0M | -$68.0M |
| Amortization, depreciation and accretion | $5.4M | $3.3M |
| Amortization of debt issuance costs | $329.0K | $0 |
| Depletion | $4.9M | $1.3M |
| Stock based compensation | $4.2M | $4.8M |
| Inventory impairment charge | $155.0K | $6.1M |
| Asset retirement obligation (gain)/loss | -$946.0K | $5.4M |
| Exploration costs related to mineral properties | $11.6M | $9.4M |
| Unrealized loss on marketable securities | $5.7M | $2.7M |
| Deferred tax liability | -$596.0K | -$6.0M |
| Realized gain on marketable securities | -$9.6M | -$248.0K |
| Accounts receivables | -$4.9M | $0 |
| Prepaids and deposits | $8.5M | -$10.0K |
| Inventories | $11.1M | -$7.6M |
| Accounts payable and accrued liabilities | $4.5M | $4.1M |
| Asset retirement obligations | -$132.0K | -$399.0K |
| Due to related parties | -$2.0M | -$55.0K |
| Net cash used in operating activities | -$25.0M | -$45.2M |
| Purchase of property, plant, and equipment | -$20.0M | -$11.3M |
| Purchase of intangible assets | -$1.0M | $0 |
| Exploration costs related to mineral properties | -$11.6M | -$9.4M |
| Purchase of marketable securities | -$34.4M | -$9.8M |
| Proceeds from sale of marketable securities | $20.8M | $548.0K |
| Net cash used in investing activities | -$46.2M | -$30.0M |
| Proceeds from issuance of convertible senior notes | $115.0M | $0 |
| Payments of debt issuance costs | -$5.3M | $0 |
| Private placement proceeds | $0 | $10.0M |
| Common stock issuance costs | $0 | -$50.0K |
| "Proceeds from the At -the-Market (""ATM"") sales" | $0 | $2.0M |
| Proceeds from exercise of warrants | $510.0K | $25.5M |
| Proceeds from exercise of stock options | $1.1M | $1.8M |
| Proceeds from sale of minority interest | $0 | $60.0M |
| Contributions from non-controlling interest | $5.6M | $8.2M |
| Payments on note payable - related party | -$20.1M | $0 |
| Payment of capped call premiums | -$12.0M | $0 |
| Net cash provided by financing activities | $84.7M | $107.4M |
| Net increase in cash, cash equivalents and restricted cash | $13.5M | $32.2M |
| Foreign exchange difference on cash, cash equivalents and restricted cash | -$185.0K | $56.0K |
| Cash paid for interest | $2.3M | $0 |
| Property, plant, and equipment additions included in accounts payable and accrued liabilities | $678.0K | $0 |
| Mineral property depletion costs capitalized into inventory during the period | $7.3M | $2.6M |
| Inventory distributions to non-controlling interest | $6.8M | $1.9M |
| Inventory received in exchange for note payable | $0 | $20.1M |
| Conversion of promissory note, including equity portion, to shares | $0 | $23.1M |
| Unpaid contributions from NCI | $0 | $1.8M |
| Non-cash mineral property additions | $1.2M | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
enCore Energy Corp. sits at the top of its group. 23 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of enCore Energy Corp.
- VAN ECK ASSOCIATES CORP Filed SCHEDULE 13G/A on enCore Energy Corp., latest Aug 14, 2026 (4 filings since Nov 12, 2025)
- Global X Management CO LLC Filed SCHEDULE 13G/A on enCore Energy Corp., latest May 15, 2026 (3 filings since Nov 14, 2024)
- MMCAP International Inc. SPC Filed SCHEDULE 13G/A on enCore Energy Corp., latest May 15, 2026 (9 filings since Nov 29, 2023)
- BlackRock Filed SC 13G on enCore Energy Corp., latest Feb 2, 2024
- enCore Energy Corp. Vancouver, British Columbia, Canada
- UR-ENERGY INC Stake · Casper, Wyoming
- Azarga Resources (HongKong) Ltd. Subsidiary · Hong Kong
- Azarga Resources Canada Ltd. Subsidiary · British Columbia, Canada
- Azarga Resources Ltd Subsidiary · British Virgin Islands
- Azarga Resources USA Company Subsidiary · Colorado, United States
- Azarga Uranium Corp. Subsidiary · Texas, United States
- enCore Alta Mesa, LLC Subsidiary · Texas, United States
- enCore Energy Holdings LLC Subsidiary · Texas, United States
- enCore Energy US Corp. Subsidiary · Texas, United States
- enCore Energy US Holdco LLC Subsidiary · Texas, United States
- enCore Precision Drilling Corp. Subsidiary · Texas, United States
- HRI-Churchrock, Inc. Subsidiary · Texas, United States
- JV Alta Mesa LLC Subsidiary · Texas, United States
- Leoncito Plant, LLC Subsidiary · Texas, United States
- Leoncito Project LLC Subsidiary · Texas, United States
- Leoncito Restoration LLC Subsidiary · Texas, United States
- Metamin Enterprise US Inc. Subsidiary · Texas, United States
- Powertech (USA) Inc. Subsidiary · Texas, United States
- Ucolo Exploration Corp. Subsidiary · Texas, United States
- Uranco, Inc. Subsidiary · Colorado, United States
- URI, Inc. Subsidiary · Texas, United States
- URZ Energy Corp. Subsidiary · Texas, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.
What it owns
What enCore Energy Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $49.0M6 Dec 31, 2025 | $28.3M6 Dec 31, 2024 | +73.1% |
| Accumulated depreciation | $7.8M6 Dec 31, 2025 | $4.3M6 Dec 31, 2024 | +82.5% |
| Property and equipment, net | $41.2M6 Dec 31, 2025 | $24.0M6 Dec 31, 2024 | +71.4% |
| Operating-lease assets (leased space) | $3.1M6 Dec 31, 2025 | $310.0K6 Dec 31, 2024 | +894.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $52.4M6 Dec 31, 2025 | $39.7M6 Dec 31, 2024 | +32.0% |
| Marketable securities, current | $24.0M7 Dec 31, 2024 | $16.9M7 Dec 31, 2023 | +42.4% |
| Equity securities at fair value | $43.6M6 Dec 31, 2025 | $24.0M6 Dec 31, 2024 | +81.3% |
| Long-term investments | $837.0K7 Dec 31, 2024 | $3.0M7 Dec 31, 2023 | −72.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $1.5M6 Dec 31, 2025 | $471.0K6 Dec 31, 2024 | +211.0% |
| Accumulated amortization | $132.0K6 Dec 31, 2025 | $107.0K6 Dec 31, 2024 | +23.4% |
| Finite-lived intangibles, net | $131.0K6 Dec 31, 2025 |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $5.3M6 Dec 31, 2025 | $21.0M6 Dec 31, 2024 | −74.6% |
| Supplies | $112.0K6 Dec 31, 2025 | $71.0K6 Dec 31, 2024 | +57.7% |
Properties, in its own words
Please refer to Item 1. “Business and Properties” of this Annual Report for information concerning our properties.
Item 2 of the 10-K filed Mar 31, 2026.5
Leadership
Who has led enCore Energy Corp., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerRichard H. Little Apr 22, 2026 to now12
- Chief executive officerWilliam Paul Goranson Jan 10, 2025 to Jan 10, 202513
- Chief executive officerRobert J. Willette Oct 10, 2025 to Apr 22, 202614
- ChairWilliam M. Sheriff Jan 30, 2025 to now15
- Chief financial officerShona Wilson Jan 10, 2025 to Jan 10, 202516
- Chief financial officerKevin L. Kremke Oct 10, 2025 to now17
- Chief operating officerPeter Luthiger Jan 10, 2025 to Jan 10, 202518
- Chief operating officerDain A. McCoig Aug 5, 2025 to now19
Board members and other officers (12)
- OfficerWilliam M. Sheriff Dec 18, 2025 to now20
- Board memberRichard H. Little Apr 22, 2026 to now12
- Board memberDennis Stover Jan 10, 2025 to now21
- Board memberMark S. Pelizza Jan 10, 2025 to now22
- Board memberStacy Durbin Nieuwoudt Jan 10, 2025 to Jan 10, 202523
- Board memberWilliam M. Sheriff Jan 10, 2025 to now24
- Board memberWilliam Paul Goranson Jan 10, 2025 to Jan 10, 202513
- Board memberSusan Hoxie-Key Jan 13, 2025 to now25
- Board memberNathan Tewalt May 22, 2025 to now26
- Board memberRobert J. Willette Oct 10, 2025 to now14
- Board memberWayne W. Heili Dec 3, 2025 to now27
- General counselRobert J. Willette Jan 10, 2025 to Jan 10, 202528
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Azarga Resources (HongKong) Ltd. Hong Kong4
- Azarga Resources Canada Ltd. British Columbia4
- Azarga Resources Ltd British Virgin Islands4
- Azarga Resources USA Company Colorado4
- Azarga Uranium Corp. Texas4
- HRI-Churchrock, Inc. Texas4
- JV Alta Mesa LLC Texas4
- Leoncito Plant, LLC Texas4
- Leoncito Project LLC Texas4
- Leoncito Restoration LLC Texas4
- Metamin Enterprise US Inc. Texas4
- Powertech (USA) Inc. Texas4
- URI, Inc. Texas4
- URZ Energy Corp. Texas4
- Ucolo Exploration Corp. Texas4
- Uranco, Inc. Colorado4
- enCore Alta Mesa, LLC Texas4
- enCore Energy Corp. Texas4
- enCore Energy Holdings LLC Texas4
- enCore Energy US Corp. Texas4
- enCore Energy US Holdco LLC Texas4
- enCore Precision Drilling Corp. Texas4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- TIGRIS URANIUM CORP.Nov 30, 2011 to Nov 30, 20113
Timeline
- Aug 13, 20268-K Results of operations30
- Jul 9, 20268-K Executive or director change31
- Jun 16, 20268-K Shareholder vote32
- May 14, 20268-K Results of operations33
- Apr 22, 2026New chief executive Richard H. Little becomes CEO12
- Apr 20, 20268-K Executive or director change; Regulation FD disclosure34
- Mar 9, 20268-K Results of operations35
- Mar 2, 20268-K Executive or director change; Regulation FD disclosure36
- Feb 18, 20268-K Regulation FD disclosure37
- Dec 2, 20258-K Entered a material agreement; Executive or director change; Regulation FD disclosure38
- Nov 12, 20258-K Results of operations39
- Oct 17, 20258-K Executive or director change40
- Oct 10, 2025New chief executive Robert J. Willette becomes CEO14
- Oct 10, 20258-K Other events41
- Jan 10, 2025New chief executive William Paul Goranson becomes CEO13
- Oct 30, 2009Founded enCore Energy Corp. is founded2
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.07) a share, on Nov 10, 2025.42
When it reported results
- Aug 13, 2026Reported quarterly or annual results30
- May 14, 2026Reported quarterly or annual results33
- Mar 9, 2026Reported quarterly or annual results35
- Nov 12, 2025Reported quarterly or annual results39
- Aug 11, 2025Reported quarterly or annual results43
- May 12, 2025Reported quarterly or annual results44
- Mar 3, 2025Reported quarterly or annual results45
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
285 filings to the SEC since October 2021: 5 annual reports, 5 quarterly reports, 38 major events, 79 insider forms, 17 large holders, 1 private raises, 140 other. The latest 20:
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 8, 2026144 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Sep 29, 2026SD EDGAR
- Sep 28, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 21, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
The 285 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
30 open-market trades by officers, directors and large owners since October 2021: 18 buys and 12 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 21, 2026 | Little Richard HChief Executive Officer | Buy | 10,000 | $1.06 | $10.6K | Form 4 |
| Sep 18, 2026 | SHERIFF WILLIAM MExecutive Chairman | Buy | 125,000 | $0.81 | $101.2K | Form 4 |
| Sep 15, 2026 | SHERIFF WILLIAM MExecutive Chairman | Buy | 50,000 | $0.89 | $44.5K | Form 4 |
| Sep 14, 2026 | SHERIFF WILLIAM MExecutive Chairman | Buy | 125,000 | $0.85 | $105.8K | Form 4 |
| Jun 12, 2026 | HEILI WAYNE W.Director | Buy | 35,000 | $1.44 | $50.4K | Form 4 |
| Jun 12, 2026 | PELIZZA MARK SDirector | Buy | 723 | $1.39 | $1.0K | Form 4 |
| Jun 11, 2026 | PELIZZA MARK SDirector | Buy | 99,182 | $1.37 | $135.9K | Form 4 |
| Jun 9, 2026 | Little Richard HChief Executive Officer | Buy | 50,000 | $1.28 | $64.0K | Form 4 |
| May 19, 2026 | SHERIFF WILLIAM MExecutive Chairman | Buy | 25,000 | $1.39 | $34.8K | Form 4 |
| May 18, 2026 | SHERIFF WILLIAM MExecutive Chairman | Buy | 75,000 | $1.48 | $111.2K | Form 4 |
| Feb 9, 2026 | SHERIFF WILLIAM MExecutive Chairman | Sale | 12,000 | $2.80 | $33.6K | Form 4 |
| Feb 6, 2026 | SHERIFF WILLIAM MExecutive Chairman | Sale | 12,000 | $2.72 | $32.6K | Form 4 |
| Jan 7, 2026 | SHERIFF WILLIAM MExecutive Chairman | Sale | 10,000 | $2.81 | $28.1K | Form 4 |
| Jan 2, 2026 | SHERIFF WILLIAM MExecutive Chairman | Sale | 42,500 | $2.70 | $114.8K | Form 4 |
| Dec 30, 2025 | SHERIFF WILLIAM MExecutive Chairman | Sale | 16,500 | $2.42 | $39.9K | Form 4 |
| Dec 16, 2025 | SHERIFF WILLIAM MExecutive Chairman | Sale | 24,000 | $2.37 | $56.9K | Form 4 |
| Nov 26, 2025 | SHERIFF WILLIAM MExecutive Chairman | Sale | 24,000 | $2.65 | $63.6K | Form 4 |
| Oct 14, 2025 | Stover DennisDirector | Sale | 20,000 | $3.54 | $70.8K | Form 4 |
| Oct 7, 2025 | Harris William B.Director | Sale | 80,000 | $3.41 | $272.8K | Form 4 |
| Oct 7, 2025 | Stover DennisDirector | Sale | 20,000 | $3.33 | $66.6K | Form 4 |
All 30 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VAN ECK ASSOCIATES CORPSCHEDULE 13G/A, 4 filings Nov 12, 2025 to Aug 14, 202646
- Global X Management CO LLCSCHEDULE 13G/A, 3 filings Nov 14, 2024 to May 15, 202647
- MMCAP International Inc. SPCSCHEDULE 13G/A, 9 filings Nov 29, 2023 to May 15, 202648
- BlackRockSC 13G, 1 filing Feb 2, 202449
Stakes it holds
enCore Energy Corp. has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).
- UR-ENERGY INCSCHEDULE 13G Dec 18, 202550
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | ROBERT WILLETTEDirector and Former Chief Executive Officer | $391.9K | $3.2M51 | |
| 2025 | WILLIAM M. SHERIFFDirector and Executive Chairman | 67 | $387.8K | $2.9M51 |
| 2025 | DAIN MCCOIGChief Operating Officer | 45 | $291.3K | $2.9M51 |
| 2025 | W. PAUL GORANSONFormer Chief Executive Officer and Director | $79.2K | $792.2K51 | |
| 2024 | W. PAUL GORANSONFormer Chief Executive Officer and Director | $350.0K | $1.1M51 | |
| 2024 | WILLIAM M. SHERIFFDirector and Executive Chairman | 67 | $300.0K | $1.1M51 |
| 2024 | ROBERT WILLETTEDirector and Former Chief Executive Officer | $250.0K | $689.3K51 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Dec 6, 2022Raised $17.2 million in a private offering of equity Form D: $38.6 million offered in all Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Van Eck Associates Corp | 15,159,056 | $19.9M | 0.0% | +1,185,057 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 13,264,619 | $17.3M | 0.0% | +171,703 |
| BlackRock, Inc. | 11,366,157 | $14.9M | 0.0% | +996,049 |
| Vanguard Capital Management LLC | 6,100,105 | $8.0M | 0.0% | New |
| Azarias Capital Management, L.P. | 4,091,894 | $5.4M | 2.3% | −975,814 |
| Vident Advisory, LLC | 3,879,585 | $5.1M | 0.0% | +366,055 |
| State Street Corp | 3,388,063 | $4.4M | 0.0% | +18,577 |
| Geode Capital Management, LLC | 2,811,384 | $3.7M | 0.0% | +406,937 |
| UBS Group AG | 2,665,579 | $3.5M | 0.0% | +57,749 |
| Morgan Stanley | 2,405,474 | $3.2M | 0.0% | −1,817,732 |
| Defiance ETFs, LLC | 2,105,572 | $2.9M | 0.0% | New |
| Tidal Investments LLC | 2,103,384 | $2.8M | 0.0% | New |
| MMCAP International Inc. SPC | 1,863,579 | $2.4M | 0.2% | −2,299,857 |
| Mirabella Financial Services Llp | 1,800,000 | $2.4M | 0.2% | +500,000 |
| Goehring & Rozencwajg Associates, LLC | 1,508,483 | $2.0M | 0.1% | +43,759 |
| Vanguard Portfolio Management LLC | 1,300,616 | $1.7M | 0.0% | +242,418 |
| Northern Trust Corp | 1,110,207 | $1.5M | 0.0% | +127,640 |
| Millennium Management LLC | 1,094,149 | $1.4M | 0.0% | +466,773 |
| Goldman Sachs Group Inc | 893,644 | $1.2M | 0.0% | −513,127 |
| Deutsche Bank Ag\ | 801,348 | $1.0M | 0.0% | −83,288 |
| Abbington Investment Group | 736,444 | $964.7K | 0.6% | −21,512 |
| Aqr Capital Management LLC | 680,543 | $891.5K | 0.0% | +268,455 |
| Susquehanna International Group, Llp | 672,817 | $881.4K | 0.0% | +311,911 |
| Picton Mahoney Asset Management | 583,355 | $759.0K | 0.0% | −321,155 |
| Bank of New York Mellon Corp | 553,243 | $724.7K | 0.0% | +41,378 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How enCore Energy Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARenCore Energy Corp.1
- CIK0001500881
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inBritish Columbia, Canada5
- Fiscal year endsDecember 311
- Industry code (SIC)1090 Miscellaneous Metal Ores1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressOne Galleria Tower, 13355 Noel Rd, Suite 1700, Dallas, TX 752401
- Phone361-239-54491
- Shares outstanding194,280,971 as of Aug 10, 202610
- Public float$523.2M as of Jun 30, 20255
- AuditorKPMG LLP, Houston, Texas, United States PCAOB ID 185; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceNov 30, 20111
- Filings291 in all: 6-K (84), 4 (57), 8-K (38), 3 (17), SCHEDULE 13G/A (11), D (6), 10-Q (5), CORRESP (4)1
All 40 form types
EFFECT (4), F-10/A (4), F-X (4), S-3/A (4), SC 13G (4), UPLOAD (4), 3/A (3), F-10 (3), SD (3), 10-K (2), 144 (2), 4/A (2), 40-F (2), 40FR12B/A (2), ARS (2), CERT (2), DEF 14A (2), DEFA14A (2), FWP (2), S-3 (2), S-8 (2), SCHEDULE 13G (2), 25 (1), 40-F/A (1), 40FR12B (1), 424B5 (1), 8-A12B (1), F-X/A (1), RW (1), SC 13G/A (1), SEC STAFF ACTION (1), SUPPL (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Apr 30, 2026
Latest 8-K (8-K) Aug 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, no par value | EU | Nasdaq |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks enCore Energy Corp. names in Item 1A of its 10-K filed Mar 31, 2026: 66 risks under these headings, as written.5
- Risks related to enCore’s Business and Operations
- We are an exploration stage company with a history of negative operating cash flows and we may never develop or be unable to maintain positive cash flow from our mining activities.
- We may need additional financing in connection with the implementation of our business and strategic plans from time to time.
- We have experienced negative cash flows from operations and may need additional financing in connection with the implementation of our business and strategic plans from time to time.
- Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our business operations to pay our debt.
- Our corporate strategy includes acquisitions of mining assets and businesses. Such acquisitions are subject to risks and we may not realize the anticipated benefits of an acquisition, which could impair our results of operations, financial condition, cash flows and liquidity.
- Our properties do not contain Mineral Reserves under S-K 1300, and some of the Company’s properties, projects and facilities may not be economic at any point in time or at all.
- Mining on properties having no known Mineral Resources or Mineral Reserves is inherently speculative and may not prove to be economic at any point in time or at all.
- We may not realize any or all of the anticipated benefits from the Alta Mesa Project.
- We depend on key personnel, and our success will depend on our continued ability to retain and attract such qualified personnel.
- Certain directors and officers may be subject to conflicts of interest with respect to the Company due to their relationship with other resource companies.
- Fluctuations in the fair value of our marketable equity securities could materially affect our results of operations, financial condition, and cash flows.
The other 55 risks
- Risks related to our Industry
- There are risks associated with the exploration of, development of, and extraction from mineral properties.
- The nature of our use of independent contractors to conduct drilling rig operations presents inherent risks of loss, including weather-related risks, that could adversely affect our results of operations.
- We are subject to the risks and hazards normally encountered by companies in the mineral exploration and extraction industry.
- The Company risks potential for obsolescence, unexpected maintenance costs, dependence on the lessor's financial stability, potential for damage or loss of equipment, and not having full control over asset usage due to lease terms.
- Economic extraction of minerals from uranium deposits may not be commercially viable.
- Estimation of Mineral Resources is subjective and uncertain.
- No assurances can be given that future mineral production estimates will be achieved.
- Our business relies on the use of drilling rigs operated by independent contractors to conduct exploration activities, and as such, their operating expense includes fixed costs that may not decline in proportion to decreases in rig utilization and day rates.
- Shortages of drilling contractors, drilling supplies or other key materials could adversely affect our operations.
- No assurance can be given that estimates of commodity prices used in preliminary economic assessments will actually be realized.
- Projects may not advance or achieve production if key permits are not obtained or retained.
- Native American tribes may be involved in the permitting process, which could cause delays or increased expenses.
- Opposition to mining may disrupt our business activities.
- Permits received are subject to expiration and we may not be able to obtain, maintain or amend rights, authorizations, licenses, permits or consents required for our operations.
- The title to our mineral property interests may be challenged.
- The procurement of mining interests and retaining skilled employees is highly competitive.
- The uranium industry is highly competitive, and we may not be successful in acquiring additional contracts and projects.
- Nuclear energy competes with other sources of energy and is subject to public acceptance of nuclear energy as a means of generating electricity.
- The Company’s operations are sensitive to the market price of uranium, which may be volatile.
- Changing global and regional political and economic conditions could adversely impact our business.
- Hedging activities may not be successful.
- We currently are subject to, and in the future may be subject to, litigation, disputes or regulatory inquiries for a variety of claims, which could adversely affect our results of operations, harm our reputation or otherwise negatively affect our business.
- The uranium industry is subject to numerous stringent laws, regulations and standards, including environmental protection laws and regulations. If any changes occur that would make these laws, regulations and standards more stringent, it may require capital outlays in excess of those anticipated or cause substantial delays, which would have a material adverse effect on our operations.
- Insurance may not be available to cover the gamut of risks associated with mineral exploration, development and mining.
- We rely on contractors and experts in our operations, which could subject the Company to liability that could adversely impact the Company’s operations and financial condition.
- Extraction, capital and operating cost estimates may be inaccurate.
- Increased exposure to foreign exchange rate fluctuations may adversely affect our costs, earnings and value of some of our assets, including our common shares.
- We utilize novel mining methods for extraction at our properties, which may not yield anticipated results.
- We are subject to technical innovation and obsolescence.
- Since there is no liquid public market for uranium, selling uranium may take extended periods of time and suitable purchasers may be difficult to find, which could have a material adverse effect on our financial condition.
- Global demand for uranium is subject to government regulation and policies, including international trade restrictions.
- Possible amendments to the general mining law could make it more difficult or impossible for us to execute our business plan.
- Our operations on U.S. federal lands may be impacted by mineral withdrawals or the designation of national monuments by the U.S. President or government, either of which could have significant impacts on the Company and our operations, as well as by other factors.
- There are risks associated with the Company’s joint venture operations and projects.
- Risks Related to Taxation
- If the Company is characterized as a passive foreign investment company, U.S. Holders may be subject to adverse U.S. federal income tax consequences.
- We are subject to Canadian tax on our worldwide income.
- Dividends, if ever paid, on the common shares are subject to Canadian withholding tax.
- Changes in tax laws may affect us and our shareholders.
- Risks Related to enCore’s common shares
- The issuance of additional common shares may dilute shareholders’ interest in the Company, including pursuant to the conversion of our Convertible Senior Notes, and may affect the trading price of our common shares .
- The capped call transactions related to our Convertible Senior Notes may affect the value of our common shares.
- The market price for common shares cannot be assured and is subject to volatility.
- enCore has never paid dividends and does not currently intend to do so in the foreseeable future. If our share price does not appreciate, our investors could potentially lose on their investment in our common shares.
- Our common shares are listed on Nasdaq, which subjects us to various listing standards, noncompliance of which could result in the delisting of our common shares, which could result in lower trading volumes and liquidity in the United States.
- General Risks
- Global financial conditions and risks could materially impact our ability to raise equity or obtain debt and impact global supply chains, which could adversely impact the Company’s operations and financial condition.
- General inflationary pressures may impact the Company’s costs and affect our results of operations.
- We are dependent on information technology systems, which are subject to certain risks, including cybersecurity risks and data leakage risks associated with implementation and integration.
- prosecution, as well as fines and penalties, litigation, loss of licenses or permits and other collateral consequences and reputational harm.
- The Company is a public issuer in both the United States and Canada. The board of directors (the “Board”) and management must devote time and resources to compliance initiatives, corporate governance practices and securities rules and regulations that impose various requirements on both Canadian and U.S. public companies. These additional costs and management attention could negatively impact our business, financial condition and results of operations.
- We are a “smaller reporting company” under the federal securities laws and will be subject to reduced public company reporting requirements.
- We have identified material weaknesses in our internal controls over financial reporting. If we are unable to remediate these material weaknesses, or if we experience additional material weaknesses in the future or otherwise fail to maintain an effective system of internal controls, we may not be able to accurately or timely report our financial results, in which case our business may be harmed and, investors may lose confidence in the accuracy and completeness of our financial reports, and as a result, the price of our common shares may be adversely affected.
- The SEC’s disclosure requirements for Mineral Reserves and Mineral Resources, as codified in Subpart 1300 of Regulation S-K 1300, create ambiguity for issuers required to comply with both the requirements of S-K 1300 and NI 43-101, and may result in increased compliance costs for the Company.
- U.S. investors may not be able to obtain enforcement of civil liabilities against the Company.
- Changes in accounting rules and other policy or regulatory changes could occur at any time and could impact us in significantly negative ways that we are unable to predict or protect against.
- Our proprietary data, technology and intellectual property may be compromised or lost, which could result in decreased competitive advantage and/or loss to the value of such assets.
- Investors may experience future dilution as a result of additional debt and equity offerings.
Legal proceedings
For a discussion of the legal proceedings of the Company, see Note 10 – Commitments and Contingencies to the consolidated financial statements below..
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARWilliam M. Sheriff, Chair
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- 20SEC EDGARWilliam M. Sheriff, Officer
- 21SEC EDGARDennis Stover, Board member
- 22SEC EDGARMark S. Pelizza, Board member
- 23SEC EDGARStacy Durbin Nieuwoudt, Board member
- 24SEC EDGARWilliam M. Sheriff, Board member
- 25SEC EDGARSusan Hoxie-Key, Board member
- 26SEC EDGARNathan Tewalt, Board member
- 27SEC EDGARWayne W. Heili, Board member
- 28SEC EDGARRobert J. Willette, General counsel
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- 30SEC EDGARResults of operations
- 31SEC EDGARExecutive or director change
- 32SEC EDGARShareholder vote
- 33SEC EDGARResults of operations
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- 35SEC EDGARResults of operations
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- 37SEC EDGARRegulation FD disclosure
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- 39SEC EDGARResults of operations
- 40SEC EDGARExecutive or director change
- 41SEC EDGAROther events
- 42NasdaqNasdaq calendar
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