Form 3/A: enCore director corrects holdings—306,700 shares and vested options

Rhea-AI Filing Summary

Amended Form 3: The reporting person, a director of enCore Energy Corp. (EU), discloses direct ownership of 306,700 shares of common stock and holds 233,333 stock options that are exercisable on 02/14/2027 with an exercise price reported as $3.04 (U.S. dollar equivalent). The amendment corrects previously misstated holdings.

Positive

• Accurate disclosure restored via the amended filing correcting previously misstated holdings
• Options fully vested, clarifying the director's ability to exercise and convert to common shares

Negative

• Prior misstatement of holdings required an amendment, indicating an earlier reporting error

Insights

Financial Analyst

TL;DR: Routine Section 16 filing showing director share ownership and vested options; amendment corrects prior misstatement.

The filing reports direct beneficial ownership of 306,700 common shares and 233,333 exercisable stock options. The options were granted under the company plan and are fully vested, providing potential equity dilution if exercised. The amendment corrects earlier reported holdings, improving disclosure accuracy but not indicating new material corporate events or changes to control.

Corporate Governance Expert

TL;DR: Disclosure is compliance-focused; correction of prior misstatement addresses reporting accuracy but has limited operational impact.

This amended Form 3 clarifies the director's current equity position and option holdings. Accurate Section 16 reporting is important for transparency and insider trading compliance. The correction reduces record-keeping risk, yet the content does not reflect leadership changes, significant transfers, or material corporate actions affecting investors.

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^*

Tewalt Nathan

(Last) (First) (Middle)

5950 BERKSHIRE LANE, SUITE 210

(Street)

DALLAS TX 75225

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/11/2025

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

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

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

5. If Amendment, Date of Original Filed (Month/Day/Year)
05/22/2025

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	306,700	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)	02/14/2027	Common Stock	233,333	$3.04(2)	D

Explanation of Responses:

1. On February 14, 2022, the reporting person was granted 233,333 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 August 14, 2022, which was the six-month anniversary of the date on which the stock options were granted.

2. Represents an exercise price of $4.20 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 correct the number of securities beneficially owned by the reporting person. Certain holdings were inadvertently misstated in the original filing.

	/s/ Robert Willette as attorney-in-fact for Nathan Tewalt	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 did the Form 3/A filed by the enCore Energy (EU) director disclose?

The filing discloses direct ownership of 306,700 common shares and 233,333 stock options exercisable on 02/14/2027 at an exercise price reported as $3.04 (USD equivalent).

Why was the Form 3 amended for enCore Energy Corp. (EU)?

The Form 3 was amended to correct the number of securities beneficially owned that were inadvertently misstated in the original filing.

Are the reported stock options vested and exercisable?

Yes, the filing states the 233,333 stock options are fully vested and exercisable under the company's Stock Option Plan.

Does this Form 3/A indicate any change in control at enCore Energy (EU)?

No. The filing reports personal beneficial ownership and a correction to prior disclosures; it does not indicate a change in control or new material corporate actions.