enCore Energy extends uranium loan repayment to Dec 2025, adds $3.6M cash facility, interest rises to 10%

enCore Energy Corp.

Repayment date for $10.4M outstanding (100k lbs uranium) pushed from June 27 to Dec 27, 2025.
Boss provides $3.6M cash facility (fully drawn) to fund enCore's capital contributions to Alta Mesa JV.
Interest rate increased to 10.0% per annum; 2% commitment fee on average undrawn facility amount monthly.
Upon default, Boss can require transfer of 21% membership interests in JV to achieve 51% control.
New event-of-default triggers include delisting, material asset disposition, change of control, material adverse effect.

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