enCore Energy Engages North Star Investor Relations and Provides Update on Distribution of Verdera Common Shares to its Shareholders

enCore outlines an IR consulting agreement and a conditional special dividend of 35 million Verdera Energy shares to its shareholders.

Rhea-AI Summary

enCore Energy (EU) has engaged North Star Investor Relations under a consulting agreement effective September 18, 2026, and confirmed details of a planned special dividend of Verdera Energy common shares.

North Star will provide investor relations services for an initial one-year term at a monthly cash retainer of CAD $10,000, with renewal and 30-day termination rights, subject to TSXV approval for the provision of services. enCore plans to distribute 35,000,000 Verdera Energy common shares as a special dividend on September 30, 2026, to shareholders of record on September 25, 2026. Shareholders are expected to receive approximately 0.18 Verdera share per enCore share, subject to adjustment and to required approvals and filings with Nasdaq Capital Market and TSX Venture Exchange.

Positive

• 35,000,000 Verdera shares to be distributed as a special dividend
• Shareholders to receive about 0.18 Verdera share per enCore share, subject to adjustment
• IR support formalized with one-year North Star agreement at CAD $10,000/month

Negative

• Verdera share distribution subject to required Nasdaq and TSXV approvals
• Per-share Verdera distribution ratio subject to adjustment on the record date

Key Figures

Monthly cash retainer: CAD $10,000 Initial agreement term: one year Distribution shares: 35,000,000 common shares +4 more

Monthly cash retainer

CAD $10,000

North Star consulting agreement

Initial agreement term

one year

North Star consulting agreement

Distribution shares

35,000,000 common shares

Verdera special dividend

Record date

September 25, 2026

Shareholders eligible for the distribution

Distribution date

September 30, 2026

Verdera special dividend

Distribution ratio

approximately 0.18 Distribution Share

For each common share of enCore, subject to adjustment

Termination notice

30 days

Either party may terminate the consulting agreement

Historical Context

1 past event · Latest: Sep 15

1 event

1. Sep 15

   Verdera distribution update

   24h Move

   -0.0%

   Same Verdera share distribution update set September 25 record and September 30 payment dates

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

special dividend, pro rata, arm's length, in-situ recovery

4 terms

special dividend financial

"35,000,000 common shares of Verdera Energy Corp. ... as a special dividend"

A special dividend is a one-time payment made by a company to its shareholders, usually when it has accumulated excess profits or cash. It is like a bonus or a reward for investors, often signaling that the company has extra funds available. This type of dividend matters because it can indicate a company's financial health or a significant change in its cash situation.

View in glossary

pro rata financial

"The pro rata distribution of the Distribution Shares will result"

Pro rata means dividing or distributing something proportionally based on a specific factor, such as ownership or contribution. For example, if an investor owns 10% of a company, they would receive 10% of any dividends or benefits allocated. This approach ensures everyone gets their fair share relative to their stake or input, helping investors understand how benefits, costs, or responsibilities are fairly shared.

arm's length regulatory

"North Star and its principals are at arm's length to the Company"

A transaction done at arm's length is one where the buyer and seller act independently and each looks out for their own best interest, so the price and terms reflect what the open market would demand. Investors care because such deals are less likely to be influenced by hidden favors or related-party conflicts, making valuations and financial statements more reliable—think buying from a stranger rather than negotiating with a close friend.

in-situ recovery technical

"enCore exclusively uses ISR for uranium extraction, a minimally invasive"

In-situ recovery is a mining method that extracts a valuable material by dissolving it underground and pumping the solution to the surface instead of digging or blasting rock. For investors, it matters because this approach often lowers upfront construction costs, shortens development time and reduces visible land disturbance, but it also brings regulatory, environmental and groundwater risks that can affect project timelines, operating costs and valuation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS, Sept. 21, 2026 /PRNewswire/ -- enCore Energy Corp. (NASDAQ, TSXV: EU) (the "Company" or "enCore"), America's Clean Energy Company™, announced today that the Company has engaged North Star Investor Relations Inc. ("North Star") to provide investor relations consulting services pursuant to a consulting agreement effective September 18, 2026 (the "Consulting Agreement"). North Star will support the Company's investor relations activities, including shareholder outreach, capital markets intelligence, media communications, and the coordination of press releases. 

Under the Consulting Agreement, the Company will pay North Star a monthly cash retainer of CAD $10,000 for an initial term of one year. The Consulting Agreement may be renewed at the end of the initial term, to be mutually agreed upon between the Company and North Star, and it may be terminated by either party upon 30 days' prior written notice. North Star is owned by Graham Farrell and has an office at 130 King St. W #1900, Toronto, ON M5X 2A2 and can be reached at graham@northstarir.ca. North Star and its principals are at arm's length to the Company and, to the knowledge of the Company, held no securities of the Company at the time the Consulting Agreement was executed.

The provision of services by North Star under the Consulting Agreement is subject to TSXV approval.

Distribution of Verdera Common Shares

As previously disclosed on September 15, 2026, the Company set a record date for its distribution of 35,000,000 common shares of Verdera Energy Corp. (the "Distribution Shares") as a special dividend on September 30, 2026, to shareholders of record on September 25, 2026.  The pro rata distribution of the Distribution Shares will result in the Company's shareholders receiving approximately 0.18 of a Distribution Share for each common share of the Company, subject to adjustment on the record date.

The distribution is subject to the completion of all necessary filings with, and receipt of all approvals from, the Nasdaq Capital Market LLC and the TSX Venture Exchange.

About enCore Energy Corp.

enCore Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable uranium to fuel the rapidly expanding U.S. nuclear energy needs. enCore's team is led by industry experts with extensive knowledge and experience in all aspects of uranium ISR operations and the nuclear fuel cycle. enCore exclusively uses ISR for uranium extraction, a minimally invasive, eco-friendly, and economically competitive mineral extraction technology co-developed by enCore's leadership.

Building on enCore's demonstrated and continuing success in South Texas, future projects in enCore's planned project pipeline include the expansion of Alta Mesa to include the Alta Mesa East property, the Dewey Burdock project in South Dakota, and the Gas Hills project in Wyoming. The Company holds other assets, including non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impacts from corporate projects.

For further information please contact:
William M. Sheriff
Executive Chair
972.333.2214
info@encoreuranium.com
www.encoreuranium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward Looking Statements:

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by such words as "anticipates," "will," "may," "expects," "plans," "believes," "intends," "estimates," "projects," "continue," "potential," and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may," "could," or "will" be taken.

Forward-looking statements and information that are not statements of historical fact include, but are not limited to, any statements regarding future expectations, beliefs, goals or prospects and statements regarding the timing and completion of a distribution of the Distribution Shares to shareholders of the Company and should be considered forward-looking statements. All such forward-looking statements are not guarantees of future results and forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the Company's ability to control or predict, that could cause actual results to differ materially from those expressed in any forward-looking statement.

A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including factors relating to forward-looking statements listed above which include risks as disclosed in the Company's filings on SEDAR+ and with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, management discussion and analysis and annual information form. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the respective securities commissions which are available online at www.sec.gov and www.sedarplus.ca.

Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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SOURCE enCore Energy Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When are shareholders eligible to receive the Verdera Energy special dividend?

Shareholders of enCore Energy on the record date of September 25, 2026 are eligible to receive the special dividend of Verdera Energy common shares, which is scheduled for distribution on September 30, 2026, subject to the stated conditions and approvals.

What is the structure and key terms of enCore’s agreement with North Star Investor Relations?

The consulting agreement with North Star Investor Relations is effective September 18, 2026, has an initial term of one year, and includes a monthly cash retainer of CAD $10,000. It may be renewed by mutual agreement and may be terminated by either party with 30 days’ prior written notice, and the provision of services is subject to TSXV approval.

Does North Star or its principals hold any enCore Energy securities?

North Star and its principals are at arm’s length to enCore Energy and, to the knowledge of the company, held no securities of enCore at the time the consulting agreement was executed.