enCore Energy Corp. said it expects to distribute common shares of Verdera Energy Corp. to enCore shareholders after Verdera’s resale registration statement is declared effective by the U.S. SEC, and that it will announce a record date before any distribution. Under a March 17, 2025 share purchase agreement, enCore received 50,000,000 non-voting preferred shares of Verdera, and under an April 4, 2025 side letter enCore agreed—subject to conditions including the effectiveness of Verdera’s resale registration statement—to convert 35,000,000 of those shares into Verdera common shares for distribution. The company noted Verdera expects to file the resale registration statement promptly and that it would become effective following the SEC’s standard review and comment process.

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