[8-K] enCore Energy Corp. Reports Material Event

Rhea-AI Filing Summary

enCore Energy Corp. entered into a Confidential Settlement and General Release Agreement with former CEO William Paul Goranson. So long as he does not revoke the agreement within the prescribed period, the company will pay $922,033.62 within 30 days of the agreement’s effective date. This amount includes a settlement payment, attorneys’ fees, and the cost of COBRA continued coverage from April 2025 to October 2025.

The agreement also provides for subsidization of COBRA premiums for up to 17 months beginning in November 2025, ending earlier if Mr. Goranson becomes eligible for a group health plan with another employer or revokes the agreement. Additional terms include mutual non-disparagement, a release of claims by Mr. Goranson, and reaffirmation of his non-solicitation obligations.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 10, 2025

enCore Energy Corp.

(Exact name of registrant as specified in its charter)

British Columbia		001-41489		N/A
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

5950 Berkshire Lane, Suite 210, Dallas, TX		75225
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (361) 239-2025

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:		Trading Symbol(s)		Name of each exchange on which registered:
Common Shares, no par value		EU		The Nasdaq Capital Market LLC TSX Venture Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 10, 2025, enCore Energy Corp. (the “Company”), through its subsidiary, entered into a Confidential Settlement and General Release Agreement (the “Agreement”) with William Paul Goranson, the Company’s former Chief Executive Officer.

Pursuant to the Agreement, so long as Mr. Goranson does not revoke the Agreement within the prescribed time period, the Company will, within 30 days of the effective date of the Agreement, pay an aggregate of $922,033.62 to Mr. Goranson, which includes a settlement payment and attorneys’ fees and the cost of COBRA continued coverage from April 2025 to October 2025. The Agreement also provides for subsidization of the COBRA premium for up to 17 months beginning in November 2025, which obligation will terminate prior to the 17-month period if Mr. Goranson becomes eligible for a group health plan with another employer or revokes the Agreement.

The Agreement additionally contains, among other things, non-disparagement provisions and a release of claims by Mr. Goranson and reaffirms Mr. Goranson’s existing non-solicitation provisions.

The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit		Description
10.1		Confidential Settlement and General Release Agreement, dated October 10, 2025, by and between URI, Inc. and William Paul Goranson.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				ENCORE ENERGY CORP.
				By:		/s/ Robert W. Hudson Jr.
						Robert W. Hudson Jr.
						General Counsel and Secretary
Dated: October 17, 2025

FAQ

What did enCore Energy (EU) disclose in this 8-K?

The company entered into a Confidential Settlement and General Release Agreement with former CEO William Paul Goranson.

How much will enCore Energy pay under the agreement?

The company will pay $922,033.62 within 30 days of the effective date, provided the agreement is not revoked within the prescribed period.

What does the $922,033.62 payment include?

It includes a settlement payment, attorneys’ fees, and the cost of COBRA continued coverage from April 2025 to October 2025.

How long will COBRA premiums be subsidized for the former CEO?

COBRA premiums will be subsidized for up to 17 months beginning in November 2025, ending earlier if he becomes eligible for a group health plan or revokes the agreement.

What other terms are included in the agreement?

The agreement includes non-disparagement provisions, a release of claims by Mr. Goranson, and reaffirmation of his existing non-solicitation obligations.

Who signed the report for enCore Energy?

It was signed by Robert W. Hudson Jr., General Counsel and Secretary.