William M. Sheriff Retires as Executive Chair; Named Chairman Emeritus and Accepts Appointment as Executive Chair of Verdera Energy Corp.

enCore Energy (NASDAQ: EU, TSXV: EU) announced that founder William M. Sheriff is retiring as Executive Chair and director effective March 2, 2026.

Rhea-AI Summary

enCore Energy (NASDAQ: EU, TSXV: EU) announced that founder William M. Sheriff is retiring as Executive Chair and director effective March 2, 2026.

Mr. Sheriff will remain a Senior Advisor on the Technical Advisory Committee and has accepted appointment as Executive Chair of Verdera Energy (TSXV: V). enCore expects to distribute Verdera common shares to enCore shareholders after Verdera's resale registration statement is effective and will set a record date prior to any distribution. enCore remains Verdera's largest shareholder. enCore and representatives, including Mr. Sheriff, are attending PDAC 2026 March 1–3, with an investor presentation on March 3 at 3:32 p.m. ET.

Positive

• Founder remains large shareholder and retains advisory role
• Verdera share distribution planned to enCore shareholders after registration effectiveness
• enCore retains largest shareholder position in Verdera

Negative

• Executive Chair change at enCore effective March 2, 2026
• Verdera distribution is conditional on registration effectiveness with record date pending

Argus Mar 2 session

-14.07% close to close Open Argus

Details

News Market Reaction – EU

On Mar 2, the day this news came out, EU closed 14.07% below the previous close.

Data tracked by StockTitan Argus for the Mar 2 session.

Market Context

On Mar 2, the day this news came out, the stock closed 14.1% below the previous close. A negative re...

Analysis

On Mar 2, the day this news came out, the stock closed 14.1% below the previous close. A negative reaction despite the founder remaining as Senior Advisor would fit a pattern where governance changes sometimes coincided with pressure, such as the -2.93% move after the December 2025 board refresh. The news comes as enCore progresses the planned distribution of 35,000,000 Verdera shares and maintains an inactive S-3/A shelf filed on Nov 13, 2025, factors that could influence perceptions of future capital and corporate structure.

Key Figures

PDAC 2026 dates: March 1–3, 2026 PDAC presentation time: 3:32 p.m. ET Publication date: March 2, 2026

PDAC 2026 dates

March 1–3, 2026

Dates enCore management attends PDAC 2026 convention

PDAC presentation time

3:32 p.m. ET

enCore presentation at PDAC Investor Forum on March 3, 2026

Publication date

March 2, 2026

Date of announcement of Sheriff’s retirement as Executive Chair

Historical Context

5 past events · Latest: Feb 18

5 events

1. Feb 18

   Verdera distribution update

   24h Move

   +1.2%

   Planned distribution of Verdera common shares and spin-out progress update.

2. Dec 01

   Board change & retirement

   24h Move

   -2.9%

   New director appointment and retirement of long-serving board member.

3. Nov 10

   Q3 2025 results

   24h Move

   +4.2%

   ISR uranium extraction growth, deliveries, cash position, and Dewey Burdock progress.

4. Oct 15

   Alta Mesa discovery

   24h Move

   +11.2%

   New uranium mineralized roll fronts identified adjacent to existing wellfields.

5. Oct 01

   VP regulatory appointment

   24h Move

   -0.9%

   New VP for permitting and regulatory affairs and Dewey Burdock fast-track approval.

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

Key Terms

in-situ recovery, resale registration statement, stock dividend

3 terms

in-situ recovery technical

"a leading in-situ recovery uranium producer."

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.

resale registration statement regulatory

"after the effectiveness of Verdera's resale registration statement and will announce"

A resale registration statement is a document filed with regulators that allows existing shareholders to sell their shares to the public. It provides the necessary legal approval and information for these shares to be resold on the market, helping to increase the availability of shares for trading. For investors, it signals that shares held by current owners can be offered for sale, potentially affecting share prices and market liquidity.

stock dividend financial

"for distribution as a stock dividend or similar distribution."

A stock dividend is when a company gives its existing shareholders extra shares instead of cash. It’s like receiving more pieces of the same pie rather than a bigger piece of money, which can increase the number of shares you own but usually doesn’t change the total value of your investment right away. Investors care about it because it can signal the company's growth and affect the stock’s price.

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

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NASDAQ:EU
TSXV:EU
www.encoreuranium.com

DALLAS, March 2, 2026 /PRNewswire/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), America's Clean Energy Company™, announced today the retirement of William M. Sheriff as Executive Chair & Director of the Company. Mr. Sheriff, the founder of enCore, will continue to serve as a Senior Advisor on the Company's Technical Advisory Committee providing continued guidance on matters related to investments, corporate development and finance. Mr. Sheriff has also agreed to serve as the Executive Chair of Verdera Energy Corp. ("Verdera") (TSXV: V).

William M. Sheriff commented "I am honored to have served enCore shareholders for many years as the Executive Chair. enCore has evolved from a start up to what is now a domestic uranium producer in the United States with a strong management team well suited to carry the Company forward. Over many years, I have worked with exceptionally talented colleagues, and it has been my privilege to have presided over the building of enCore from inception to a leading in-situ recovery uranium producer. I remain a large shareholder, committed to the Company's future, and will continue to serve the Company as a Senior Advisor on matters which best fit with my skill set: corporate development, mergers, acquisitions, corporate finance, and investments. I will also continue to work in the interests of enCore shareholders as Executive Chairman of Verdera Energy to help build Verdera into a force in the domestic uranium supply industry."

As previously announced on February 18, 2026, enCore expects to distribute common shares of Verdera to its shareholders after the effectiveness of Verdera's resale registration statement and will announce a record date prior to any such distribution. enCore remains the largest shareholder of Verdera.

Mr. Sheriff, along with representatives from enCore management, are attending PDAC 2026, the World's Premier Mineral Exploration & Mining Convention, from March 1^st to 3^rd, 2026. The Company will be presenting at the PDAC Investor Forum on March 3^rd at 3:32 p.m. ET in room 801A.

About enCore Energy Corp.

enCore Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for domestic nuclear energy. enCore Energy is the only uranium company in the United States with two operational Central Processing Plants, both located in South Texas. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of uranium In-Situ Recovery ("ISR") operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy.

Following upon enCore's demonstrated success in South Texas, future projects in enCore's planned project pipeline include 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 impact from corporate projects.

www.encoreuranium.com 

Cautionary Note Regarding Forward Looking Statements:

Neither 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 release.

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, statements regarding growth of Verdera, the strong pipeline of production visible domestic ISR uranium assets and planned future projects of the Company 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 the availability of materials and equipment, timeliness of government approvals and unanticipated environmental impacts on operations; litigation risks; risks posed by the economic and political environments in which the Company operates and intends to operate; the failure to adequately manage future growth; adverse market conditions; the failure to satisfy ongoing regulatory requirements and 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.

Why did William M. Sheriff retire as Executive Chair of enCore (EU) on March 2, 2026?

He retired to transition responsibilities while remaining engaged as a Senior Advisor and shareholder. According to the company, Mr. Sheriff will advise on corporate development, finance, mergers and investments while stepping down as Executive Chair.

What role will William M. Sheriff hold at Verdera Energy (TSXV: V) after March 2, 2026?

He accepted appointment as Executive Chair of Verdera Energy. According to the company, he will help build Verdera into a domestic uranium supplier and represent enCore interests there.

Will enCore (EU) shareholders receive shares of Verdera and when will that happen?

enCore expects to distribute Verdera common shares to enCore shareholders after Verdera's resale registration is effective. According to the company, a record date will be announced prior to any distribution.

Does enCore remain a major shareholder of Verdera after the planned distribution?

Yes. According to the company, enCore remains the largest shareholder of Verdera even as it plans the share distribution to enCore shareholders.

When and where is enCore presenting at PDAC 2026 and who will attend?

enCore will present at the PDAC Investor Forum on March 3, 2026 at 3:32 p.m. ET, room 801A. According to the company, management and Mr. Sheriff will attend PDAC March 1–3.