Verdera Energy Completes Share Distribution to enCore Energy Shareholders

Verdera Energy Corp. announced on October 1, 2026, the completion of a share distribution to enCore Energy Corp. shareholders. The distribution, finalized on September 30, 2026, involved a total of 35 million Verdera shares. This included 21 million unrestricted shares and 14 million shares subject to trading restrictions until November 20, 2026, and February 20, 2027, respectively.

This distribution grants enCore shareholders a direct stake in Verdera and its portfolio of In-Situ Recovery (ISR) uranium assets located in New Mexico. The company stated that fractional shares were rounded down, with enCore retaining a small number of restricted shares.

Janet Lee-Sheriff, CEO of Verdera Energy, called the completion of the distribution an important milestone. She welcomed enCore's shareholders and emphasized Verdera's focus on advancing its ISR uranium assets in New Mexico, aligning with efforts to strengthen domestic uranium supply in the United States.

Verdera Energy is focused on developing ISR uranium assets in New Mexico, holding significant mineral rights and a substantial resource database. The company aims to meet the demand for clean, domestic uranium amid the U.S. push to reduce reliance on foreign imports, positioning New Mexico as a key district in the nation's nuclear energy sector.