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enCore Energy Reports Third Quarter 2026 Financial and Operating Results

EU
  • enCore Energy Corp. reported third-quarter 2026 revenue of $16.7 million, an 88% increase year-over-year, driven by 200,000 pounds of U₃O₈ deliveries & an average realized price of $83.46 per pound.
  • The Company recorded a net loss of $33.9 million for the third quarter, or $0.17 per share, compared to a $4.8 million loss in the same period in 2025.
  • Cost of sales for the third quarter rose to $17.4 million from $5.0 million in 2025, primarily due to a higher proportion of purchased uranium which had a weighted average cost of $87.22 per pound.
  • Nine-month revenue increased to $50.7 million with 685,000 pounds of uranium delivered, while nine-month net loss expanded to $70.0 million.
  • Liquidity as of September 30, 2026, included $5.1 million in unrestricted cash, $33.6 million in marketable securities, & $6.4 million in inventory.
  • Operational updates indicate the Alta Mesa wellfield 3 Extension & first phase of Upper Spring Creek are complete & awaiting final approvals, with extraction expected before year-end 2026.
  • The Company executed a workforce reduction of approximately 20% in July 2026 & reduced rig activity to align spending with permitting timelines.
  • Key federal permits were secured at Dewey Burdock, including EPA Class III & V underground injection control permits & BLM Plan of Operations approval.
  • During the quarter, enCore distributed shares of Verdera Energy Corp. valued at $8.4 million, resulting in a $17.2 million realized loss.
  • Interim financial statements for the nine months ended September 30, 2026, are available on the SEC website, SEDAR+, & the Company's investor page.
Company
enCore Energy Corp.
Keywords
enCore Energy Corp.