enCore Energy Corp. Plans $75 Million Offering for Convertible Senior Notes Due 2030

enCore Energy Corp. Announces $75 Million Convertible Notes Offering

Dallas, Aug. 19, 2025 - enCore Energy Corp. (NASDAQ: EU), recognized as America’s Clean Energy Company™, has announced a proposed offering of $75 million worth of convertible senior notes due in the year 2030. This offering, aimed at qualified institutional buyers, comes in light of the increasing demand for clean energy solutions. The notes will be offered in a private placement per Rule 144A of the Securities Act of 1933, which is amended to support capital raising for companies focusing on sustainable energy solutions.

The convertible senior notes represent a significant step for enCore Energy as it seeks to enhance its operational capacity in the clean energy sector. According to the company’s announcement, these notes will be unsecured obligations that accrue interest payable semi-annually, with a maturity date set for August 15, 2030, unless the notes are repurchased, redeemed, or converted before that date. Holders of these notes will have specific rights to convert them into common shares under certain conditions, providing flexibility to investors who support enCore’s mission.

In connection with this offering, there is an option for the initial purchasers to buy up to an additional $11.25 million in convertible notes within a 13-day time frame. This additional funding would augment the company's financial resources, reinforcing its commitment to expand operations and invest in innovative projects related to nuclear energy and uranium extraction.

The interest rate, initial conversion rate, and other terms related to the convertible notes will be finalized at the pricing of the offering. Furthermore, a portion of the proceeds from this offering will be allocated to capped call transactions aimed at managing potential dilution of the company’s common shares upon conversion of the notes. By engaging in capped call transactions, enCore Energy intends to protect its shareholders from excessive dilution, which is crucial amidst the dynamic landscape of energy investments.

Additionally, the remaining proceeds will be utilized to repay existing debts under its loan agreements and for general corporate purposes. Should the option for additional notes be exercised, enCore plans to direct part of those proceeds towards the capped transactions as well.

As a leading figure in uranium extraction, enCore Energy is committed to environmentally responsible business practices. The company employs In-Situ Recovery (ISR) technology for uranium extraction, a proven method championed by enCore's own team of industry experts. This method not only supports efficient fuel production for nuclear energy but also aligns with the company’s overarching goal of sustainability and community engagement, particularly in areas like South Texas, South Dakota, and Wyoming—where current and future projects are under development.

Investors should note that these convertible notes, along with any common shares issued upon their conversion, will not be registered with the Securities Act, limiting how they can be traded in the market. The offering will only be made to parties that qualify as institutional buyers under existing regulations. This emphasizes the company’s strategic focus on abiding by capital market regulations while still advancing its growth initiatives.

As enCore Energy expands its portfolio and solidifies its position in the market, the upcoming offering of convertible senior notes exemplifies its strategic maneuvering towards innovation in clean energy solutions. By funding new projects, enCore is not only enhancing its operational framework but is also contributing to America’s vision of a sustainable and efficient energy future.

In conclusion, this offering reflects enCore Energy Corporation’s commitment to advance its mission of delivering clean and affordable nuclear fuel while navigating the complexities of capital markets. As the company continues to leverage its expertise in uranium extraction, it remains poised to make a significant impact in the realm of clean energy solutions.

For more details on the subscription and offerings, visit enCore Energy Corp.