EU on Nasdaq

enCore Energy Corp.

Canadian miscellaneous metal ores company based in Corpus Christi.

Price unavailable

Last updated Oct 18, 2026.

Overview

Compare with URANIUM ENERGY CORP, Western Uranium & Vanadium Corp. or Yinfu Gold Corp., or pick any stock.

TickerEU on Nasdaq
IndustryMiscellaneous Metal Ores
HeadquartersVancouver, Canada
Incorporated inBritish Columbia, Canada²
Business addressOne Galleria Tower, 13355 Noel Rd, Suite 1700, Dallas, Tx 75240²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.5%Gross margin³

-152.4%Operating margin³

-131.7%Net margin³

-26.0%Revenue growth, 2025³

-24.8%Return on equity³

0.48×Debt to equity³

-$45.0MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueOther costs

Cost of revenue78¢$33.5M
Other costs21¢$9.2M
Income tax1¢$488.0K

Out of $43.2M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴³$43.2M in 2025+917% since 2022

Gross profit⁴³$9.7M in 2025+510% since 2022

Operating income⁵⁴³-$65.8M in 2025+614% since 2021

Net income⁵⁴³-$56.9M in 2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.³

Period ending	2025-12-31	2024-12-31	2023-12-31
Revenue	$43.2M	$58.3M
Cost of sales	$33.5M	$65.5M
Gross profit (loss)	$9.7M	-$7.2M
Mineral property expenditures	$23.3M	$29.8M
General and administrative	$42.6M	$27.1M
Depreciation, amortization and accretion	$5.4M	$3.4M
Other operating costs	$4.2M	$4.8M
Total operating expenses	$75.5M	$65.0M
Operating loss	-$65.8M	-$72.2M
Gain on marketable securities, realized	$9.6M	$248.0K
Loss on marketable securities, unrealized	-$5.7M	-$2.7M
Interest income	$1.7M	$2.5M
Interest expense	-$3.4M	-$1.7M
Other expense	$0	-$17.0K
Total other income (expense)	$2.3M	-$1.7M
Net loss before income taxes	-$63.5M	-$73.9M	$26.1M
Income tax benefit	-$488.0K	-$5.9M	-$500.0K
Net loss	-$63.0M	-$68.0M
Less: Net loss attributable to non-controlling interests	-$6.2M	-$6.6M
Net loss attributable to enCore Energy Corp.	-$56.9M	-$61.4M
Basic (in dollars per share)	-$0.30	-$0.34
Diluted (in dollars per share)	-$0.30	-$0.34
Basic (in shares)	186.9M shares	182.0M shares
Diluted (in shares)	186.9M shares	182.0M shares

Total assets⁵⁸⁴³$430.4M in 2025+170% since 2021

Total liabilities⁵⁸⁴³$172.0M in 2025+1576% since 2021

Shareholders’ equity⁵⁴³$229.2M in 2025+1748% since 2020

Cash⁵⁴³$52.4M in 2025+911% since 2020

Long-term debt³$110.0M in 2025

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.³

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$52.4M	$39.7M
Accounts receivable	$4.9M	$0
Prepaid expenses and other current assets	$3.6M	$2.7M
Marketable securities	$43.6M	$24.0M
Inventory, net	$5.3M	$21.0M
Total current assets	$109.8M	$87.4M
Mineral rights and properties, net	$265.8M	$271.9M	$274.5M
Property, plant and equipment, net	$41.2M	$24.0M
Intangible assets, net	$1.5M	$471.0K
Restricted cash	$8.4M	$7.8M
Marketable securities, non-current	$0	$837.0K
Right of use assets - operating lease	$3.1M	$310.0K
Other long-term assets	$678.0K	$0
Total assets	$430.4M	$392.7M
Note payable - related party	$0	$20.1M
Operating lease liabilities, current	$186.0K	$130.0K
Total current liabilities	$13.7M	$30.1M
Deferred tax liabilities	$26.4M	$27.0M
Asset retirement obligations	$18.9M	$16.9M
Convertible senior notes	$110.0M	$0
Operating lease liabilities, non-current	$3.1M	$202.0K
Total liabilities	$172.0M	$74.2M
Common stock 187,354,424 and 186,114,948 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	$382.8M	$380.3M
Additional paid-in-capital	$56.7M	$59.9M
Accumulated deficit	-$207.7M	-$150.8M
Accumulated other comprehensive loss	-$2.6M	-$3.6M
Total stockholders' equity	$229.2M	$285.7M
Non-controlling interests	$29.1M	$32.8M
Total equity	$258.4M	$318.5M	$262.0M
Total liabilities and stockholders' equity	$430.4M	$392.7M
Common stock, issued (in shares)	187.4M shares	186.1M shares
Common stock, outstanding (in shares)	187.4M shares	186.1M shares

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$52.4M	$39.7M
Accounts receivable	$4.9M	$0
Prepaid expenses and other current assets	$3.6M	$2.7M
Marketable securities	$43.6M	$24.0M
Inventory, net	$5.3M	$21.0M
Total current assets	$109.8M	$87.4M
Mineral rights and properties, net	$265.8M	$271.9M	$274.5M
Property, plant and equipment, net	$41.2M	$24.0M
Intangible assets, net	$1.5M	$471.0K
Restricted cash	$8.4M	$7.8M
Marketable securities, non-current	$0	$837.0K
Right of use assets - operating lease	$3.1M	$310.0K
Other long-term assets	$678.0K	$0
Total assets	$430.4M	$392.7M
Note payable - related party	$0	$20.1M
Operating lease liabilities, current	$186.0K	$130.0K
Total current liabilities	$13.7M	$30.1M
Deferred tax liabilities	$26.4M	$27.0M
Asset retirement obligations	$18.9M	$16.9M
Convertible senior notes	$110.0M	$0
Operating lease liabilities, non-current	$3.1M	$202.0K
Total liabilities	$172.0M	$74.2M
Common stock 187,354,424 and 186,114,948 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	$382.8M	$380.3M
Additional paid-in-capital	$56.7M	$59.9M
Accumulated deficit	-$207.7M	-$150.8M
Accumulated other comprehensive loss	-$2.6M	-$3.6M
Total stockholders' equity	$229.2M	$285.7M
Non-controlling interests	$29.1M	$32.8M
Total equity	$258.4M	$318.5M	$262.0M
Total liabilities and stockholders' equity	$430.4M	$392.7M
Common stock, issued (in shares)	187.4M shares	186.1M shares
Common stock, outstanding (in shares)	187.4M shares	186.1M shares

Cash from operations⁵⁴³-$25.0M in 2025+530% since 2021

Capital spending⁵⁴³$20.0M in 2025+6549% since 2021

Free cash flow⁵⁴³-$45.0M in 2025+954% since 2021

Every line of the cash flow as filed: the last 2 fiscal years, latest first.³

Period ending	2025-12-31	2024-12-31
Net loss	-$63.0M	-$68.0M
Amortization, depreciation and accretion	$5.4M	$3.3M
Amortization of debt issuance costs	$329.0K	$0
Depletion	$4.9M	$1.3M
Stock based compensation	$4.2M	$4.8M
Inventory impairment charge	$155.0K	$6.1M
Asset retirement obligation (gain)/loss	-$946.0K	$5.4M
Exploration costs related to mineral properties	$11.6M	$9.4M
Unrealized loss on marketable securities	$5.7M	$2.7M
Deferred tax liability	-$596.0K	-$6.0M
Realized gain on marketable securities	-$9.6M	-$248.0K
Accounts receivables	-$4.9M	$0
Prepaids and deposits	$8.5M	-$10.0K
Inventories	$11.1M	-$7.6M
Accounts payable and accrued liabilities	$4.5M	$4.1M
Asset retirement obligations	-$132.0K	-$399.0K
Due to related parties	-$2.0M	-$55.0K
Net cash used in operating activities	-$25.0M	-$45.2M
Purchase of property, plant, and equipment	-$20.0M	-$11.3M
Purchase of intangible assets	-$1.0M	$0
Exploration costs related to mineral properties	-$11.6M	-$9.4M
Purchase of marketable securities	-$34.4M	-$9.8M
Proceeds from sale of marketable securities	$20.8M	$548.0K
Net cash used in investing activities	-$46.2M	-$30.0M
Proceeds from issuance of convertible senior notes	$115.0M	$0
Payments of debt issuance costs	-$5.3M	$0
Private placement proceeds	$0	$10.0M
Common stock issuance costs	$0	-$50.0K
"Proceeds from the At -the-Market (""ATM"") sales"	$0	$2.0M
Proceeds from exercise of warrants	$510.0K	$25.5M
Proceeds from exercise of stock options	$1.1M	$1.8M
Proceeds from sale of minority interest	$0	$60.0M
Contributions from non-controlling interest	$5.6M	$8.2M
Payments on note payable - related party	-$20.1M	$0
Payment of capped call premiums	-$12.0M	$0
Net cash provided by financing activities	$84.7M	$107.4M
Net increase in cash, cash equivalents and restricted cash	$13.5M	$32.2M
Foreign exchange difference on cash, cash equivalents and restricted cash	-$185.0K	$56.0K
Cash paid for interest	$2.3M	$0
Property, plant, and equipment additions included in accounts payable and accrued liabilities	$678.0K	$0
Mineral property depletion costs capitalized into inventory during the period	$7.3M	$2.6M
Inventory distributions to non-controlling interest	$6.8M	$1.9M
Inventory received in exchange for note payable	$0	$20.1M
Conversion of promissory note, including equity portion, to shares	$0	$23.1M
Unpaid contributions from NCI	$0	$1.8M
Non-cash mineral property additions	$1.2M	$0

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Leadership

Who has led enCore Energy Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

William M. Sheriff2025–now

Chief financial officer

Chief operating officer

Chief executive officerRichard H. Little Apr 22, 2026 to now⁹
Chief executive officerWilliam Paul Goranson Jan 10, 2025 to Jan 10, 2025¹⁰
Chief executive officerRobert J. Willette Oct 10, 2025 to Apr 22, 2026¹¹
ChairWilliam M. Sheriff Jan 30, 2025 to now¹²
Chief financial officerShona Wilson Jan 10, 2025 to Jan 10, 2025¹³
Chief financial officerKevin L. Kremke Oct 10, 2025 to now¹⁴
Chief operating officerPeter Luthiger Jan 10, 2025 to Jan 10, 2025¹⁵
Chief operating officerDain A. McCoig Aug 5, 2025 to now¹⁶

Board members and other officers (12)

OfficerWilliam M. Sheriff Dec 18, 2025 to now¹⁷
Board memberRichard H. Little Apr 22, 2026 to now⁹
Board memberDennis Stover Jan 10, 2025 to now¹⁸
Board memberMark S. Pelizza Jan 10, 2025 to now¹⁹
Board memberStacy Durbin Nieuwoudt Jan 10, 2025 to Jan 10, 2025²⁰
Board memberWilliam M. Sheriff Jan 10, 2025 to now²¹
Board memberWilliam Paul Goranson Jan 10, 2025 to Jan 10, 2025¹⁰
Board memberSusan Hoxie-Key Jan 13, 2025 to now²²
Board memberNathan Tewalt May 22, 2025 to now²³
Board memberRobert J. Willette Oct 10, 2025 to now¹¹
Board memberWayne W. Heili Dec 3, 2025 to now²⁴
General counselRobert J. Willette Jan 10, 2025 to Jan 10, 2025²⁵

Former names

TIGRIS URANIUM CORP.Nov 30, 2011 to Nov 30, 2011²

Timeline

Apr 22, 2026New chief executive Richard H. Little becomes CEO⁹
Oct 10, 2025New chief executive Robert J. Willette becomes CEO¹¹
Jan 10, 2025New chief executive William Paul Goranson becomes CEO¹⁰
Oct 30, 2009Founded enCore Energy Corp. is founded²⁶

Filings

286 filings to the SEC since October 2021: 5 annual reports, 5 quarterly reports, 38 major events, 79 insider forms, 18 large holders, 1 private raises, 140 other. The latest 20:

Oct 13, 20264 EDGAR
Oct 13, 20264 EDGAR
Oct 13, 20264 EDGAR
Oct 13, 20264 EDGAR
Oct 13, 20264 EDGAR
Oct 13, 20264 EDGAR
Oct 8, 2026144 EDGAR
Oct 5, 20264 EDGAR
Oct 5, 20264 EDGAR
Sep 29, 2026SD EDGAR
Sep 28, 20264 EDGAR
Sep 22, 20264 EDGAR
Sep 21, 20264 EDGAR
Sep 16, 20264 EDGAR
Aug 19, 20264 EDGAR
Aug 19, 20264 EDGAR
Aug 19, 20264 EDGAR
Aug 19, 20264 EDGAR
Aug 19, 20264 EDGAR
Aug 19, 20264 EDGAR

The 286 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 18 such filings since October 2021, the latest 10:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

Dec 6, 2022Raised $17.2 million in a private offering of equity Form D: $38.6 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Van Eck Associates Corp	15,159,056	$19.9M	0.0%	+1,185,057
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	13,264,619	$17.3M	0.0%	+171,703
BlackRock, Inc.	11,366,157	$14.9M	0.0%	+996,049
Vanguard Capital Management LLC	6,100,105	$8.0M	0.0%	New
Azarias Capital Management, L.P.	4,091,894	$5.4M	2.3%	−975,814
Vident Advisory, LLC	3,879,585	$5.1M	0.0%	+366,055
State Street Corp	3,388,063	$4.4M	0.0%	+18,577
Geode Capital Management, LLC	2,811,384	$3.7M	0.0%	+406,937
UBS Group AG	2,665,579	$3.5M	0.0%	+57,749
Morgan Stanley	2,405,474	$3.2M	0.0%	−1,817,732
Defiance ETFs, LLC	2,105,572	$2.9M	0.0%	New
Tidal Investments LLC	2,103,384	$2.8M	0.0%	New
MMCAP International Inc. SPC	1,863,579	$2.4M	0.2%	−2,299,857
Mirabella Financial Services Llp	1,800,000	$2.4M	0.2%	+500,000
Goehring & Rozencwajg Associates, LLC	1,508,483	$2.0M	0.1%	+43,759
Vanguard Portfolio Management LLC	1,300,616	$1.7M	0.0%	+242,418
Northern Trust Corp	1,110,207	$1.5M	0.0%	+127,640
Millennium Management LLC	1,094,149	$1.4M	0.0%	+466,773
Goldman Sachs Group Inc	893,644	$1.2M	0.0%	−513,127
Deutsche Bank Ag\	801,348	$1.0M	0.0%	−83,288
Abbington Investment Group	736,444	$964.7K	0.6%	−21,512
Aqr Capital Management LLC	680,543	$891.5K	0.0%	+268,455
Susquehanna International Group, Llp	672,817	$881.4K	0.0%	+311,911
Picton Mahoney Asset Management	583,355	$759.0K	0.0%	−321,155
Bank of New York Mellon Corp	553,243	$724.7K	0.0%	+41,378

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARenCore Energy Corp. filings on SEC EDGAR
2
SEC EDGARenCore Energy Corp. filings on SEC EDGAR
3
SEC EDGARenCore Energy Corp. 10-K for fiscal 2025
4
SEC EDGARenCore Energy Corp. 10-K for fiscal 2022
5
SEC EDGARenCore Energy Corp. 10-K for fiscal 2021
6
SEC EDGARenCore Energy Corp. 10-Q for fiscal 2026
7
SEC EDGARenCore Energy Corp. 10-Q for fiscal 2026
8
SEC EDGARenCore Energy Corp. 10-K for fiscal 2022
9
SEC EDGARRichard H. Little, Chief executive officer
10
SEC EDGARWilliam Paul Goranson, Chief executive officer
11
SEC EDGARRobert J. Willette, Chief executive officer
12
SEC EDGARWilliam M. Sheriff, Chair
13
SEC EDGARShona Wilson, Chief financial officer
14
SEC EDGARKevin L. Kremke, Chief financial officer
15
SEC EDGARPeter Luthiger, Chief operating officer
16
SEC EDGARDain A. McCoig, Chief operating officer
17
SEC EDGARWilliam M. Sheriff, Officer
18
SEC EDGARDennis Stover, Board member
19
SEC EDGARMark S. Pelizza, Board member
20
SEC EDGARStacy Durbin Nieuwoudt, Board member
21
SEC EDGARWilliam M. Sheriff, Board member
22
SEC EDGARSusan Hoxie-Key, Board member
23
SEC EDGARNathan Tewalt, Board member
24
SEC EDGARWayne W. Heili, Board member
25
SEC EDGARRobert J. Willette, General counsel
26
gleifenCore Energy Corp. is founded