enCore Energy Corp. Common Shares

enCore Energy reported first-half 2026 results showing increased uranium deliveries at higher prices, yet its net loss per share widened to $0.19 from $0.16. The company delivered 485,000 pounds of U3O8 at an average price of $70.10 per pound, up from 350,000 pounds at $62.58 a year earlier, but extraction fell to 131,274 pounds from 317,613 pounds, and the weighted average cost of delivered uranium rose to $75.54 per pound, exceeding the sales price. enCore attributed the wider loss to lower extraction and a fair value adjustment on its Verdera Energy Corp shares. The company is advancing new wellfields, including the Dewey Burdock project in South Dakota, which received a 20-year license renewal, and expects final permits for Alta Mesa Wellfield 3 Extension and Upper Spring Creek in the fourth quarter of 2026. However, Alta Mesa's Wellfield 7 will stop production in the third quarter due to depletion, and hedge fund ownership fell to 10 funds from 13, with short interest at 20.05% of the float.

enCore Energy has entered into a controlled equity offering agreement for an at-the-market equity distribution program allowing the sale of up to $250 million in common shares. The agreement with a syndicate led by Cantor Fitzgerald permits enCore to sell common shares from time to time at prevailing market prices. The company plans to use the proceeds for possible future acquisitions, other strategic growth opportunities, and general corporate purposes. Shares fell 8.1% pre-market Thursday following the announcement.