enCore Energy Distributes Verdera Shares to Shareholders
enCore Energy Corp. has completed the distribution of 35 million Verdera Energy Corp. shares as a special dividend to its shareholders. The distribution grants shareholders a direct interest in Verdera's uranium assets.
Dallas, TX – October 1, 2026 – enCore Energy Corp. announced the completion of its previously announced distribution of 35 million common shares of Verdera Energy Corp. as a special dividend to enCore shareholders. The distribution occurred on September 30, 2026, for shareholders of record as of September 25, 2026.
The share distribution included 21 million unrestricted Verdera shares, 7 million shares restricted until November 20, 2026, and 7 million shares restricted until February 20, 2027. This action provides enCore shareholders with a direct stake in Verdera's uranium assets located in New Mexico.
"Completing the Verdera distribution delivers on our commitment to put value directly in the hands of enCore shareholders," stated Rich Little, Chief Executive Officer of enCore. "Verdera now has its own shareholder base and a dedicated team to advance its New Mexico assets, while enCore remains focused on our South Texas operations, South Dakota project, and U.S. project pipeline."
enCore Energy, which positions itself as "America's Clean Energy Company," focuses on supplying uranium for the U.S. nuclear energy sector. The company exclusively utilizes the in-situ recovery (ISR) method for uranium extraction, described as a minimally invasive and economically competitive process. Future projects include expansions in Texas, as well as developments in South Dakota and Wyoming.