Core Insights - enCore Energy Corp. reported its financial and operational results for Q1 2025, highlighting significant activities in uranium extraction and sales [1][8] Financial Performance - Total costs of U3O8 sold in Q1 2025 amounted to $18,262,000 for 290,000 pounds, resulting in a cost per pound of $62.97 [4] - The company extracted and processed 130,015 pounds of U3O8 at a cost of $36.11 per pound [7] - The average price for U3O8 sold was $62.89 per pound, with a total of 290,000 pounds delivered under sales contracts [7] - The company reported a net loss per share of $0.13, an increase from $0.04 per share in Q1 2024, attributed to higher exploration and extraction activities and a mark-to-market loss of over $9 million on marketable securities [7] Inventory and Costs - At the end of Q1 2025, the company had an inventory of 153,058 pounds of U3O8, with a total cost of $6,182,000, resulting in a cost per pound of $40.39 [6] - The cash cost of extracted pounds was $2,304,000, translating to $31.26 per pound, while non-cash costs amounted to $1,058,000, or $14.36 per pound [4] Operational Highlights - The company made a cash repayment of $12.2 million on a uranium loan, leading to a negative operating cash flow of $7.7 million [7] - Cash and equivalents stood at $29.7 million, with working capital of $35.7 million at the end of the quarter [7] Company Overview - enCore Energy Corp. is focused on providing clean, reliable, and affordable fuel for nuclear energy, utilizing In-Situ Recovery (ISR) for uranium extraction [10][11] - The company operates the Rosita Central Processing Plant in South Texas and has a joint venture with Boss Energy Ltd. for the Alta Mesa Project [11]

Core Points - enCore Energy Corp. (NASDAQ: EU) is facing a class action lawsuit due to allegations of issuing materially false and misleading statements during the class period from March 28, 2024, to March 2, 2025 [3][4] - The allegations include a lack of effective internal controls over financial reporting, inability to capitalize certain exploratory and development costs under GAAP, and a substantial increase in net losses as a result [3] - The lawsuit claims that the defendants' positive statements about the company's business and prospects were materially misleading and lacked a reasonable basis [3] Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of May 13, 2025, to seek lead plaintiff status [4] - There is no cost or obligation for shareholders to participate in the case, and they will be enrolled in a portfolio monitoring software for status updates [4] - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders and aims to protect investors' rights against deceit and fraud [5]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased enCore Energy Corp. securities between March 28, 2024, and March 2, 2025, of the May 13, 2025, deadline to serve as lead plaintiff in a class action lawsuit [1][4]. Group 1: Class Action Details - Investors who bought enCore securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by May 13, 2025, to serve as lead plaintiff, representing other class members [2][5]. - The lawsuit alleges that enCore made false and misleading statements regarding its financial reporting and internal controls, leading to increased net losses and misleading positive statements about its business [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements since 2013 [3].

Core Viewpoint - enCore Energy Corp. is facing a class action securities lawsuit due to alleged securities fraud that occurred between March 28, 2024, and March 2, 2025 [1][2] Group 1: Allegations and Impact - The lawsuit claims that enCore Energy lacked effective internal controls over financial reporting [2] - It is alleged that enCore could not capitalize certain exploratory and development costs under GAAP, leading to a substantial increase in net losses [2] - Defendants' positive statements regarding the Company's business, operations, and prospects were materially misleading and lacked a reasonable basis [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until May 13, 2025, to request to be appointed as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]

Core Viewpoint - enCore Energy Corp. is facing a class action lawsuit due to alleged misleading statements and failures in financial reporting, which resulted in significant net losses for the company during the specified class period [3][4]. Group 1: Class Action Details - The class action lawsuit represents investors who purchased enCore securities between March 28, 2024, and March 2, 2025, with a deadline for filing a lead plaintiff motion set for May 13, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Allegations Against enCore Energy - The lawsuit alleges that enCore Energy lacked effective internal controls over financial reporting, which led to an inability to capitalize certain exploratory and development costs according to U.S. GAAP [3]. - enCore Energy reported a net loss of $61.3 million for fiscal 2024, more than double the $25.6 million loss from the previous fiscal year, attributing part of this increase to the inability to capitalize certain costs [4]. - Following the disclosure of these financial results and the identification of a "material weakness" in internal controls, enCore Energy's stock price fell by over 46% [4].

Core Points - A class action securities lawsuit has been filed against enCore Energy Corp. for alleged securities fraud affecting investors between March 28, 2024, and March 2, 2025 [1][2] - The complaint claims that enCore Energy lacked effective internal controls over financial reporting, could not capitalize certain exploratory and development costs under GAAP, and that these issues led to substantially increased net losses [2] - Defendants' positive statements regarding the company's business and prospects were allegedly materially misleading and lacked a reasonable basis [2] Next Steps - Investors who suffered losses during the specified timeframe have until May 13, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]

Core Viewpoint - enCore Energy Corp. is facing a class-action lawsuit for allegedly misleading investors and failing to disclose significant financial vulnerabilities, with a lead plaintiff deadline set for May 13, 2025 [1][2] Group 1: Lawsuit Details - The class period for the lawsuit is from March 28, 2024, to March 2, 2025, and it is formally titled Zhongjian v. enCore Energy Corp. [2] - The lawsuit claims that enCore and its executives violated the Securities Exchange Act of 1934 by making false or incomplete statements regarding the company's financial health [2][3] Group 2: Financial Performance - enCore reported a net loss of $61.3 million for fiscal 2024, which is more than double the $25.6 million loss from the previous year [4] - The company attributed the increased losses to its inability to capitalize certain costs under U.S. GAAP, which would have been permissible under IFRS [4] Group 3: Internal Controls and Leadership Changes - The lawsuit alleges that enCore lacked robust internal controls over financial reporting and identified a "material weakness" in its internal controls, particularly in risk assessment and information flow [3][4] - Following the financial disclosures, enCore experienced a leadership change, with CEO Paul Goranson resigning and Robert Willette appointed as Acting CEO [5] Group 4: Market Reaction - enCore's share price fell by more than 46% after the announcements regarding the financial losses and leadership changes, resulting in significant value loss for investors [6]

NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of enCore Energy Corp. (NASDAQ: EU). Shareholders who purchased shares of EU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/encore-energy-corp-loss-submission-form/?id=147128&from=3 CLASS PERIOD: March 28, 2 ...

Group 1: enCore Energy Corp. (EU) - A shareholder class action lawsuit has been filed against enCore Energy Corp, alleging that the company made materially false and/or misleading statements regarding its internal controls over financial reporting between March 28, 2024, and March 2, 2025 [1] - Investors who purchased enCore shares during this period and suffered significant losses are encouraged to discuss their legal rights [1] Group 2: TFI International Inc. (TFII) - A shareholder class action lawsuit has been filed against TFI International Inc, claiming that the company made materially false and/or misleading statements about the profitability of its largest business segment between April 26, 2024, and February 19, 2025 [2] - Investors who purchased TFI shares during this timeframe and experienced significant losses are encouraged to seek legal advice [2] Group 3: Holzer & Holzer, LLC - Holzer & Holzer, LLC is recognized as an ISS top-rated securities litigation law firm for 2021, 2022, and 2023, focusing on the representation of shareholders and investors in litigation across the nation [3] - The firm has been instrumental in recovering hundreds of millions of dollars for shareholders affected by fraud and corporate misconduct since its establishment in 2000 [3]

NEW YORK, May 6, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in enCore Energy Corp. ("enCore Energy" or the "Company") (NASDAQ: EU) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of enCore Energy investors who were adversely affected by alleged securities fraud between March 28, 2024 and March 2, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/encore-energy-corp-lawsui ...