Verdera Energy F-1 resale registration takes effect for enCore special-dividend share distribution

• Verdera Energy’s Form F-1 resale registration statement was declared effective, clearing a path for enCore to distribute common shares to its shareholders via a special dividend.
• enCore agreed, subject to conditions, to convert 35,000,000 non-voting preferred shares into common shares for the distribution.
• The shares to be distributed are common shares issuable on conversion of 50,000,000 non-voting preferred shares that enCore received under a March 17, 2025 share purchase agreement.
• The distribution remains subject to required filings and approvals from Nasdaq and the TSX Venture Exchange.

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