enCore closes $115M 5.5% convertible senior notes due 2030; repays $10.6M loan from Boss Energy

enCore Energy Corp.

$115M aggregate principal of 5.50% Convertible Senior Notes due 2030, upsized from $100M with full exercise of $15M option.
Conversion price $3.2895 per share, a 27.5% premium over last sale price of $2.58 on August 19, 2025.
Net proceeds ~$109.8M; used $11.5M for capped call transactions and $10.6M to repay Uranium Loan Agreement with Boss Energy.
Notes mature August 15, 2030; interest at 5.50% semi-annually; redeemable after August 21, 2028 under certain conditions.
Issued in a private placement under Rule 144A; common shares issuable upon conversion are unregistered.

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