EnCore to host corporate update Aug. 27

Executive Summary

• EnCore Energy Corp. announced a corporate update webcast scheduled for Aug. 27, 2025, covering operations, project expansion, and details of its recently closed $115 million senior unsecured convertible note offering.
• The convertible notes carry a 5.50% cash interest rate, mature on Aug. 15, 2030, and include conversion flexibility, early redemption provisions, and a capped‑call arrangement that raises the effective conversion premium to 175% above the pre‑announcement share price.
• The financing provides long‑term capital with minimal dilution until the stock trades above approximately $4.52 per share.

Key Details

• Convertible Note Offering: Closed on Aug. 22, 2025 for $115 million (U.S.) senior unsecured convertible notes due Aug. 15, 2030.
• Interest Rate: Fixed cash interest of 5.50% per annum.
• Conversion Flexibility: At company election, principal may be repaid in cash, common shares, or a combination thereof.
• Early Redemption Trigger: Company may redeem notes ahead of maturity, forcing conversion if the stock price exceeds $4.28 for 20 out of 30 trading days from Aug. 21, 2028 onward.
• Capped‑Call Arrangement: Private agreement with an international consortium of banks raises the effective conversion premium from 127.5% to 175% above the closing share price on Aug. 19, 2025.
• Dilution Threshold: No dilution to shareholders until the stock price exceeds approximately $4.52 per share.
• Webcast Details: Corporate update webcast scheduled for Wednesday, Aug. 27, 2025 at 1:15 p.m. ET; recording will be available afterward.

Notable Quotes

(No direct quotes provided in the release.)