enCore Energy Sets September Dividend of Verdera Shares

The board of directors established September 25, 2026, as the record date for the transaction, with the distribution scheduled for September 30. Shareholders will receive a pro-rata portion of the 35 million shares, calculated based on their holdings as of the record date. While the distribution is moving forward, some of the issued shares will remain subject to contractual transfer restrictions lasting until November 20, 2026, and February 20, 2027.

This move concludes a corporate restructuring process that began in March 2025, when enCore acquired 50 million non-voting preferred shares of Verdera. The current dividend represents the conversion of 35 million of those preferred shares into tradable common stock. The final execution of the plan remains contingent upon receiving formal approvals from the Nasdaq Capital Market and the TSX Venture Exchange.