Verdera Energy Corp. (VUECF) announced that enCore Energy completed the distribution of 35,000,000 Verdera shares to enCore shareholders of record as of September 25, 2026; the distribution was completed September 30, 2026. Fractional share entitlements were rounded down. enCore retained 17,554 unrestricted shares, plus 5,889 shares restricted until November 20, 2026, and 5,889 shares restricted until February 20, 2027.
EnCore shareholders now hold a direct interest in Verdera and its New Mexico ISR uranium assets. Verdera says it holds private mineral rights spanning approximately 400 square miles and 88 million pounds of known and historical resources. The company’s stated plans include advancing those assets, with forward-looking information subject to risks including financing, regulatory approvals, uranium prices, and exploration and development activities.
Verdera Energy Corp. has scheduled its annual general meeting for October 19, 2026. Shareholders will consider electing six directors, appointing De Visser Gray LLP as auditor, and ratifying the 2026 Equity Incentive Plan (LTIP); four of the six nominees are identified as independent.
The proposed LTIP would replace the stock option plan and permit options, restricted share units, performance share units and deferred share units. Awards are capped at 10% of issued and outstanding common shares on a rolling, non-diluted basis when granted, and the LTIP remains subject to shareholder ratification.
Verdera reported 75,782,993 common shares and 35,000,000 non-voting Class A Preferred Shares outstanding as of September 8, 2026. The 35,000,000 preferred shares held by enCore are expected to convert into the same number of common shares immediately before the record date enCore sets for a special distribution. The distribution is subject to applicable conditions, and enCore may proceed after the resale registration statement is declared effective by the SEC. As of March 31, 2026, 7,346,000 securities were issuable under outstanding options and rights, and 299,799 securities remained available for future issuance.
Verdera Energy Corp. (VUECF) is registering 35,000,000 common shares for a special share distribution by its major shareholder, enCore Energy Corp., to enCore’s shareholders. The shares will come from the automatic conversion of 35,000,000 Class A Preferred Shares immediately before the September 25, 2026 record date, with payment on or about September 30, 2026. After the Special Distribution, Verdera will have 110,757,993 common shares outstanding. The company will not receive any cash proceeds from either the distribution or the conversion.
Verdera is an exploration-stage uranium company focused on the Crownpoint Project in New Mexico, with no Mineral Reserves under S-K 1300 and no revenue to date. For the year ended March 31, 2026 it recorded a loss of C$11.9 million on total assets of C$36.3 million, including cash of C$24.9 million and minimal liabilities of C$0.4 million. Shares trade on the TSX Venture Exchange under “V” and on the OTCQB under “VUECF”.
Verdera Energy Corp. (VUECF) is registering 35,000,000 common shares for resale via a Special Distribution by its shareholder enCore Energy Corp. to enCore’s shareholders. Immediately before the record date, 35,000,000 Class A Preferred Shares will convert into these Distribution Shares. Verdera will not receive any proceeds from the distribution or the conversion. After the Special Distribution, Verdera expects to have 110,757,993 common shares outstanding. The company is an exploration stage uranium company focused on the Crownpoint Project in New Mexico, which has no Mineral Reserves and is at an early stage. For the year ended March 31, 2026, Verdera reported a net loss of C$11.9 million on total assets of C$36.3 million, including C$24.9 million in cash and C$10.9 million of exploration and evaluation assets. The company qualifies as both an emerging growth company and a foreign private issuer, and highlights significant risks including lack of revenues, dependence on the Crownpoint Project, permitting and community-opposition risks, financing needs and uranium price volatility.
Verdera Energy Corp., a British Columbia uranium exploration company focused on New Mexico’s Grants Uranium District, is registering 35,000,000 common shares for a Special Distribution by its major shareholder enCore Energy Corp. to enCore’s shareholders. Immediately before the record date, 35,000,000 Class A Preferred Shares held by enCore will convert into these Distribution Shares, which, together with 15,000,000 common shares already held, currently represent approximately 20.05% of Verdera’s voting securities. enCore will distribute the 35,000,000 common shares pro rata to its shareholders; Verdera will not receive any cash proceeds from the conversion or distribution. After the Special Distribution, Verdera will have 110,757,993 common shares outstanding. Verdera is an exploration stage uranium company with no Mineral Reserves under S‑K 1300 and reported a loss of C$11.9 million on total assets of C$36.3 million for the year ended March 31, 2026.
Verdera Energy Corp. is registering 35,000,000 common shares for a Special Distribution by shareholder enCore Energy to its own shareholders, who will receive a pro rata allocation once enCore’s Class A Preferred Shares convert into common shares.
The transaction will not provide Verdera with cash proceeds and is expected to leave 110,757,993 common shares outstanding. Verdera is an emerging growth, foreign private issuer focused on exploration-stage, in-situ recovery–amenable uranium projects in New Mexico, led by the Crownpoint Project, which has no Mineral Reserves under S-K 1300.
Recent steps include acquiring New Mexico uranium assets from enCore and completing a C$20,000,000 brokered financing plus up to C$400,000 non-brokered equity, giving the pro forma combined company cash of C$27,091,501 and total assets of C$38,507,049 as of December 31, 2025, alongside continuing losses.
Verdera Energy Corp. registers 35,000,000 common shares to cover a planned special distribution of those shares by selling shareholder enCore Energy Corp. The Distribution Shares will be distributed pro rata to enCore shareholders as of the Distribution Record Date; the Company will receive no proceeds from the Special Distribution.
The filing explains that enCore holds 15,000,000 common shares and 35,000,000 Class A Preferred Shares that will convert into Distribution Shares immediately prior to distribution. Shares outstanding after the Special Distribution are shown as 110,757,993 common shares. The prospectus describes the Company’s business as an Exploration Stage uranium company focused on the Crownpoint Project in New Mexico and discloses pro forma combined cash of $27,091,501 C$ as of December 31, 2025 in the pro forma tables.
Verdera Energy Corp. is registering 35,000,000 common shares for a planned special distribution (the "Special Distribution") by selling shareholder enCore Energy Corp.
The Distribution Shares will be distributed pro rata to enCore shareholders on a Distribution Record Date set by enCore; Verdera will not receive any proceeds from the Special Distribution or from the prior conversion of Class A Preferred Shares. Shares outstanding after the Special Distribution are shown as 110,757,993 common shares.