enCore (EU) Amended Form 3: Officer Discloses 120k Option Grants

Rhea-AI Filing Summary

enCore Energy Corp. (EU) disclosure: This amended Form 3, filed by Chief Operating Officer Dain McCoig, reports direct ownership of 3,420 common shares and two option grants of 60,000 shares each. The first option grant (issued 06/26/2023) is fully vested and exercisable with an exercise price of $2.24 (USD equivalent noted). The second grant (06/13/2024) vests in quarterly installments and carries an exercise price of $4.09 (USD equivalent noted). The filing is amended to include holdings previously omitted.

Positive

• Amendment made to disclose previously omitted holdings, improving regulatory compliance
• Clear disclosure of option grant sizes, vesting schedules, and exercise-price conversions to USD

Negative

• Initial omission of certain holdings required a corrective amended filing

Insights

Corporate Governance Expert

TL;DR: Amendment corrects initial omissions and clarifies officer compensation through stock options.

The amended Form 3 documents an executive officer's equity stake and option awards, providing transparency on insider incentives. Reporting the previously omitted holdings improves disclosure integrity. The option schedules show standard multi-year vesting and exercise prices converted from CAD to USD, which is relevant for understanding potential dilution and executive alignment with shareholders.

Securities Analyst

TL;DR: Insider ownership includes modest common shares and two material option grants; amendment is routine but important for accuracy.

Direct common shares total 3,420, while two stock options cover 120,000 shares in aggregate with exercise prices listed in USD equivalents. The first grant is fully exercisable; the second vests over time. This disclosure is informational for cap table and potential future dilution modeling but does not indicate immediate market-moving transactions.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

McCoig Dain A

(Last) (First) (Middle)

5950 BERKSHIRE LANE, SUITE 210

(Street)

DALLAS TX 75225

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/28/2025

3. Issuer Name and Ticker or Trading Symbol
enCore Energy Corp. [ EU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)
08/05/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	3,420	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(1)	06/08/2028	Common Stock	60,000	$2.24(2)	D
Stock Option (Right to Buy)	(3)	06/13/2029	Common Stock	60,000	$4.09(4)	D

Explanation of Responses:

1. On June 26, 2023, the reporting person was granted 60,000 stock options of enCore Energy Corp. (the "Company") pursuant to the Company's Stock Option Plan. The stock options are fully vested and became exercisable in four equal installments beginning on December 26, 2023, which was the six-month anniversary of the date on which the stock options were granted.

2. Represents an exercise price of $3.10 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.3809 reported by the Bank of Canada on August 18, 2025.

3. On June 13, 2024, the reporting person was granted 60,000 stock options of the Company pursuant to the Company's Stock Option Plan. The stock options vested and became exercisable one-fourth on December 13, 2024 and one-fourth on June 13, 2025 and will vest and become exercisable one-fourth on December 13, 2025 and one-fourth on June 13, 2026.

4. Represents an exercise price of $5.65 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.3809 reported by the Bank of Canada on August 18, 2025.

Remarks:

This Form 3 is being amended to report certain holdings by the reporting person that were inadvertently omitted from the original filing.

	/s/ Robert Willette as attorney-in-fact for Dain McCoig	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What holdings does Dain McCoig report in the Form 3/A for enCore Energy (EU)?

The reporting person discloses 3,420 shares of common stock and two option grants of 60,000 shares each (total 120,000 underlying shares).

When were the stock options granted and how do they vest?

One grant was issued 06/26/2023 and is fully vested and exercisable in four equal installments beginning 12/26/2023. The second was issued 06/13/2024 and vests one-fourth on 12/13/2024, one-fourth on 06/13/2025, one-fourth on 12/13/2025, and one-fourth on 06/13/2026.

What are the exercise prices for the options reported on the Form 3/A?

The first option has an exercise price shown as $2.24 (USD equivalent). The second option's exercise price is shown as $4.09 (USD equivalent); both are conversions from CAD values using a Bank of Canada rate noted in the filing.

Why was this Form 3 amended?

The filing states it was amended to report certain holdings that were inadvertently omitted from the original filing.

Who signed the Form 3/A and when?

The form bears a signature by Robert Willette as attorney-in-fact for Dain McCoig dated 08/19/2025.