enCore completes sale of New Mexico uranium assets to Verdera for 50M preferred shares, royalty, and cash

enCore Energy Corp.

Closed sale of NM Energy Canada subsidiary holding Crownpoint, Hosta Butte, Nose Rock, West Largo, Ambrosia Lake-Treeline projects.
Received 50M non-voting preferred shares of Verdera (~73% fully diluted), 2% royalty, and US$350K cash.
Side letter: enCore consents to Verdera going-public with min CAD$20M at CAD$0.80/share.
enCore to distribute 35M shares to its shareholders upon Verdera's request after listing on a Canadian exchange.
Registration rights agreement: Verdera must file resale registration within 75 days of going-public closing.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.