#Canada #Vancouver #enCore Energy #Verdera Energy #ISR Uranium

Verdera Energy Completes Share Distribution

On October 1, 2026, Verdera Energy Corp. (TSXV: V) (OTCQB: VUECF) announced the successful completion of its share distribution to shareholders of enCore Energy Corp. (NASDAQ: EU) (TSXV: EU). This significant move followed the previously set record date of September 25, 2026, and the actual distribution occurred on September 30, 2026.

The total distribution comprised 35 million shares of Verdera, with a structure aimed at both unrestricted and restricted shares. Out of these, 21 million shares were unrestricted, equating to 0.108 Verdera shares for each enCore share held. Meanwhile, 7 million shares came with restrictions until November 20, 2026, and another 7 million shares would be restricted until February 20, 2027, both accounting for 0.036 shares each.

Fractional shares from the distribution were rounded down to adhere to the designated terms. Consequently, enCore’s holdings included 17,554 unrestricted shares of Verdera, alongside restricted shares that would become available in the near future.

This strategic distribution not only enhances the relation between the two companies but also allows enCore shareholders to directly benefit from Verdera's endeavors in developing its In-Situ Recovery (ISR) uranium assets located in New Mexico.

Janet Lee-Sheriff, CEO of Verdera, expressed her enthusiasm about this milestone, remarking, “Completing this distribution is an important milestone for Verdera. We are pleased to welcome enCore's shareholders to the Verdera register. With a broader shareholder base and a clear focus on advancing our ISR uranium assets in New Mexico, we look forward to building value for all of our shareholders, including our largest shareholder, enCore Energy, as the United States works to strengthen its domestic uranium supply.”

About Verdera Energy

Verdera Energy Corp. is strategically positioned in the uranium sector, focusing on the development of ISR assets in expansive New Mexico. With approximately 400 square miles of mineral rights and a substantial historical resource of 88 million pounds of known uranium, Verdera operates on the forefront of the clean energy transition. In an era of increasing demand for domestic uranium, the company is rooting for efforts to diminish reliance on foreign sources.

As the U.S. looks towards enhancing its nuclear energy capabilities, New Mexico is emerging as a vital region, supported by Verdera’s commitment to maintaining robust community relations and engaging with local communities to promote sustainability and mutual success.

In conclusion, this distribution is significantly poised to benefit shareholders while augmenting Verdera's growth as a leading player in the ISR uranium market. As the landscape continues to evolve, both Verdera Energy and enCore Energy seem well-positioned to drive advancements in the nuclear energy sector, capitalizing on the strengthening domestic demand for uranium.