enCore Energy posts Q3 net loss per share of $0.03 on uranium sales of 130,000 pounds at $68.28 per pound
Reuters
Nov 10
enCore Energy posts Q3 net loss per share of $0.03 on uranium sales of 130,000 pounds at $68.28 per pound
enCore Energy Corp. reported a net loss per share of $0.03 for the third quarter ended September 30, 2025, compared to a net loss per share of $0.09 for the same period in 2024. The company delivered 130,000 pounds of uranium (U3O8) under contract at an average price of $68.3 per pound, with a weighted average cost of $38.4 per pound. U3O8 extraction for the quarter was 227,100 pounds, up 11.4% from the previous quarter, and the closing inventory was 287,100 pounds at a cost of $38.3 per pound. As of September 30, 2025, enCore held $100.3 million in cash and equivalents and $119.7 million in working capital. For the nine months ended September 30, 2025, the company delivered 480,000 pounds of U3O8 at an average price of $64.1 per pound, with a weighted average cost of $53.7 per pound. No U3O8 purchases were made or are forecasted for 2025. The Dewey Burdock Project was included in the federal FAST-41 program during the period.
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