Encore Energy Stock Price, News & Analysis

enCore Energy Corp. (NASDAQ: EU) has successfully completed an upsized offering of $115 million in 5.50% Convertible Senior Notes due 2030. The offering includes the initial $100 million plus a fully exercised $15 million option. The notes feature an initial conversion rate of 303.9976 common shares per $1,000 principal amount, representing a conversion price of $3.2895 per share - a 27.5% premium over the last trading price.

The company secured net proceeds of $109.8 million, allocating $11.5 million for capped call transactions and $10.6 million to repay existing loan obligations. The remaining funds will be used for general corporate purposes. The convertible notes and related common shares are not registered under the Securities Act and have specific trading restrictions in the U.S. and Canada.

enCore Energy (NASDAQ: EU) has priced an upsized $100 million offering of 5.50% Convertible Senior Notes due 2030, increased from the initially announced $75 million. The notes, priced at a 27.5% premium with an initial conversion price of $3.29 per share, will be offered to qualified institutional buyers under Rule 144A.

The company expects net proceeds of approximately $95.3 million, which could increase to $109.8 million if the initial purchasers exercise their option to purchase additional notes. The funds will be allocated as follows: $10 million for capped call transactions, $10.6 million to repay outstanding loan amounts, with the remainder for general corporate purposes.

The notes include features such as a 5.50% annual interest rate payable semi-annually, conversion rights under certain conditions, and redemption options for enCore after August 21, 2028, if the stock price exceeds 130% of the conversion price.

enCore Energy (NASDAQ: EU) has announced plans to offer $75 million in convertible senior notes due 2030 through a private offering to qualified institutional buyers. The company will grant initial purchasers a 13-day option to buy an additional $11.25 million in notes.

The convertible notes will be senior unsecured obligations with semi-annual interest payments, maturing on August 15, 2030. Holders can convert notes into cash, common shares, or a combination thereof. The company plans to enter into capped call transactions to reduce potential dilution and will use proceeds to repay loan obligations and for general corporate purposes.

enCore Energy (NASDAQ: EU) has announced the acquisition of the 5,900-acre Tacubaya property adjacent to its Alta Mesa Uranium Project. The acquisition is part of a joint venture between enCore Energy (70%) and Boss Energy Ltd. (30%).

The strategic expansion targets uranium mineralization discovered by Chevron in the 1970s, with multiple uranium roll fronts in the Goliad Formation. The company plans an aggressive exploration program starting October 2025, initially deploying two drill rigs for a 200-hole drilling program, with two additional rigs to be added as the program progresses.

The Tacubaya property is expected to provide additional feed and extend operations at the Alta Mesa In-Situ Recovery Uranium Central Processing Plant, with projected continuation of productive roll fronts from multiple wellfields.

enCore Energy (NASDAQ:EU) reported strong Q2 2025 financial results, demonstrating significant operational improvements. The company achieved U3O8 extraction of 203,798 pounds, marking a 79% increase from Q1 2025. During Q2, enCore delivered 60,000 pounds of uranium at $61.07 per pound with a production cost of $42.23.

The company ended Q2 with 244,204 pounds of U3O8 inventory at $39.63 per pound and a cash balance of $26.9 million. Operational efficiency at Alta Mesa improved significantly, with daily production reaching 2,678 pounds in June 2025. The company expanded Wellfield 7 with 75 new wells and plans to increase drill rigs from 24 to 30 in Q3 2025.

enCore Energy (NASDAQ:EU) has announced the promotion of Dain McCoig from Senior Vice President to Chief Operating Officer, following significant operational achievements at the Alta Mesa ISR Uranium Project. Under McCoig's leadership, the company has more than doubled uranium extraction rates since early March 2025.

Key operational highlights include: Q2 2025 uranium extraction of 203,797 lbs, up from 113,816 lbs in Q1; expansion to 25 active drill rigs in South Texas with plans to increase to 30 rigs by August 2025; and installation of 75 new wells in Wellfield 7 during Q2. Monthly extraction rates have shown consistent growth, reaching 80,346 lbs in June 2025.

enCore Energy (NASDAQ: EU) reported exceptional uranium extraction performance at its Alta Mesa In-Situ Recovery Uranium Central Processing Plant. The facility achieved record uranium capture rates exceeding 3,000 pounds per day, with a peak of 3,705 pounds on June 20, 2025.

The company's operational highlights include average daily uranium capture of 2,410 pounds in June 2025, totaling 53,022 pounds for the first 22 days. Wellfield development continues with 24 drill rigs in operation across South Texas, including 14 rigs at Alta Mesa Project Wellfield 7, where 28 new wells were added. The company also acknowledged Texas's recent legislation supporting nuclear energy and streamlining uranium recovery permitting.

enCore Energy Corp. (NASDAQ: EU) has announced the sale of its entire stake in Anfield Energy Inc., disposing of 170,000,000 common shares at CAD $0.115 per share, generating total proceeds of CAD $19.55 million. The transaction was executed through a private agreement and represents a 14.73% reduction in enCore's ownership of Anfield's outstanding shares on an undiluted basis. Following this disposition, enCore no longer holds any securities in Anfield. This sale marks a significant decrease from enCore's previous holdings reported in January 2024, representing a 16.02% reduction in ownership of Anfield's outstanding shares. The company has indicated it may consider future investments in Anfield depending on market conditions and opportunities.

enCore Energy (NASDAQ:EU) has received approval to include the Upper Spring Creek ISR Uranium Project in its existing Radioactive Materials License from TCEQ. The license, valid until 2032, enables the construction of wellfields and a Satellite Ion Exchange Plant that will feed the Rosita ISR Uranium Central Processing Plant. The company has already begun project advancement with drill rigs moving to site, and construction of the Satellite IX Plant concrete pad is planned to start within 30 days. This marks enCore's third permitted facility in Texas, with previous permits granted in under 20 months. The company now holds two RMLs in Texas: one for the Alta Mesa ISR Uranium Project and another amended RML covering Upper Spring Creek's Brown Area, Rosita, and Kingsville Project areas.