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Legal Notice for enCore Energy Investors

Levi & Korsinsky, LLP is reaching out to investors in enCore Energy Corp., a company traded under NASDAQ symbol EU, to inform them of a significant class action securities lawsuit. This class action seeks to recover losses incurred by shareholders due to an alleged securities fraud that took place between March 28, 2024, and March 2, 2025.

Overview of the Case

The class action is grounded in claims that enCore Energy made multiple false statements and engaged in practices that concealed vital information regarding their financial health and operational standards. The allegations highlight that the company lacked effective internal controls over their financial reporting processes. This raised concerns, especially regarding their inability to capitalize certain exploratory and developmental expenditures under Generally Accepted Accounting Principles (GAAP). Consequently, enCore's net losses resulted in misleading and overly optimistic representations about its business prospects and overall stability.

Key Allegations

The lawsuit outlines four primary allegations against enCore Energy, which are crucial for investors to understand:
1. Ineffective Internal Controls: The defendants purportedly failed to maintain adequate internal controls over financial reporting, which is essential despite enCore Energy's public representations.
2. Improper Financial Reporting: The claim suggests that enCore could not accurately capitalize specific costs, thus presenting a distorted view of the company's financial situation to investors.
3. Increased Net Losses: Due to the above issues, the company's reported net losses were significantly more severe than communicated, impacting investor trust and stock value.
4. Materially Misleading Statements: Positive statements made by the company regarding its operations and future prospects lacked a solid basis, thus misleading investors about the legitimacy of their investments.

What Should Investors Do?

The law firm is urging all affected enCore shareholders who suffered losses during the relevant time frame to act promptly. You have until May 13, 2025, to request that the court appoint you as a lead plaintiff in this class action lawsuit. It's crucial to understand that participating in this lawsuit does not necessitate leading the litigation – even non-lead participants can appeal for restitution based on the circumstances of their investments.

No Cost Participation

It is noteworthy that if you qualify as a class member, you could be entitled to compensation without needing to pay any out-of-pocket costs. The legal fees will be handled on a contingency fee basis; meaning that unless there are gains, you will not be responsible for any payment.

Why Choose Levi & Korsinsky?

Levi & Korsinsky is nationally recognized for its history of securing settlements for affected shareholders. Over 20 years, this law firm has navigated complex securities litigation while building a reputation for effectiveness, recovering hundreds of millions of dollars for their clients. They boast a dedicated team consisting of over 70 professionals who specialize in securities law, positioning them among the top firms to handle such cases effectively. For seven consecutive years, the firm has been recognized in ISS Securities Class Action Services' Top 50 Report, underscoring their significant influence in the realm of securities litigation in the United States.

For more information or to request assistance regarding your rights as an investor, please reach out to Levi & Korsinsky, LLP:

• - Email: info@zlk.com
• - Phone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004

The deadline is approaching, and timely action is essential to protect your investments in enCore Energy Corp.