---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-056175"
form_type: "8-K"
ticker: "EU"
cik: "0001500881"
company_name: "enCore Energy Corp."
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T13:35:15.157404+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# enCore sells New Mexico uranium projects to Verdera for 50M shares, 2% royalties, and $350K cash

## Summary
- enCore to sell subsidiary holding Crownpoint, Hosta Butte, Nose Rock, West Largo, and Ambrosia Lake–Treeline projects.
- Consideration: 50M non-voting preferred shares (~73% of Verdera fully diluted), 2% net proceeds royalty on uranium, 2% NSR on other minerals, plus $350K cash.
- Verdera will seek Canadian stock exchange listing by Dec 10, 2025; 15M shares convert at listing, 35M convert prior to distribution to enCore shareholders.
- If listing not achieved by Jan 31, 2026, enCore has right to repurchase subsidiary for return of shares and cancellation of royalties.
- Transaction expected to close by March 31, 2025; Audit Committee and Board unanimously approved, Fort Capital provided fairness opinion.

## SEC filing metadata
- accession: 0001193125-25-056175
- form_type: 8-K
- ticker: EU
- cik: 0001500881
- company_name: enCore Energy Corp.
- filed_at: 2025-03-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500881/000119312525056175/0001193125-25-056175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500881/000119312525056175/d812682d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-056175
- JSON: https://secwatch.observer/filing/0001193125-25-056175.json
- Plain text: https://secwatch.observer/filing/0001193125-25-056175.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.