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enCore Energy Reports Year-End Financial Results, Strengthens Balance Sheet Through Warrant Exercises and Advances Key U.S. Uranium Projects
enCore Energy Reports Year-End Financial Results, Strengthens Balance Sheet Through Warrant Exerc...
About this update from Encore Energy Corp.
[{"type":"text","content":"enCore Energy Reports Year-End Financial Results, Strengthens Balance Sheet Through Warrant Exercises and Advances Key U.S. Uranium Projects\n\n\nenCore Energy Reports Year-End Financial Results, Strengthens Balance Sheet Through Warrant Exercises and Advances Key U.S. Uranium Projects\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\nPR Newswire\n\n\nNASDAQ:EUTSXV:EUwww.encoreuranium.comDALLAS, March 9, 2026 /PRNewswire/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the \"Company\" or \"enCore\"), America's Clean Energy CompanyTM, announced today its financial and operational results for the year ended December 31, 2025.\"Our year end results underscore the strength of enCore's operational performance,\" said Rob Willette, Chief Executive Officer of enCore. \"Production from our South Texas operations continued to trend upward, with improvements in wellfield efficiency driving strong extraction results. With nearly 700,000 pounds extracted in 2025, and total liquidity of $96 million at year end, including marketable securities, our team continues to execute. Combined with our inclusion of the Dewey-Burdock Project in the federal FAST-41 program, we're solidifying enCore's position as a leading domestic uranium producer supporting America's clean energy future.\"Highlights for year ended December 31, 2025 include:Net loss per share $(0.30) versus $(0.34) for the year ended December 31, 2024;Sales (delivery) into contracts of approximately 655,000 pounds of uranium (\"U3O8\") at a price of $65.89 and a weighted average cost of $51.09;U3O8 extraction of 699,807 pounds, an increase of 242% from the year ended December 31, 2024;Closing balance of 132,013 pounds of U3O8 in inventory at a cost of $37.77 per pound;Closing cash and equivalent balance of $52 million with total liquidity of $96 million.February Warrant ExercisesDuring February 2026, holders of previously issued warrants exercised approximately 6.6 million warrants, providing approximately $18.1 million cash to the Company. These proceeds further strengthen enCore's financia...