PLEASE CLICK HERE TO JOIN CASE AND PROVIDE CONTACT INFORMATION NEW YORK, March 20, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces the filing of a class action lawsuit against enCore Energy Corp. (NASDAQ: EU). This lawsuit, filed in the United States District Court for the Southern District of Texas, represents all individuals and entities who bought or acquired enCore securities between March 28, 2024, and March 2, 2025. The complaint alleges that enCore made misleading stateme ...

NEW YORK, March 20, 2025 /PRNewswire/ -- 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=137099&from=4CLASS PERIOD: March 28, 2024 to ...

Core Viewpoint - A class action lawsuit has been filed against enCore Energy Corp. for alleged misleading statements and lack of effective internal controls during the Class Period from March 28, 2024, to March 2, 2025, with a lead plaintiff deadline of May 13, 2025 [1][4]. Group 1: Lawsuit Details - The lawsuit claims that enCore Energy Corp. made false and misleading statements regarding its financial reporting and internal controls, leading to increased net losses and materially misleading statements about its business prospects [4]. - Investors who purchased enCore securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2]. Group 2: Legal Representation - The 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 recovering significant amounts for investors [3]. - Investors interested in joining the class action can do so by submitting a form or contacting the firm directly, with the option to serve as lead plaintiff by the specified deadline [2][5]. Group 3: Class Certification Status - It is noted that no class has been certified yet, meaning investors are not represented by counsel unless they retain one, and they can choose to remain absent from the class [6].

Core Viewpoint - A class action lawsuit has been filed against enCore Energy Corp. regarding allegations of securities fraud and unlawful business practices [2]. Financial Performance - enCore reported a net loss of $61.3 million for fiscal 2024, which is more than double the net loss of $25.6 million from the previous fiscal year [3]. - The company attributed its financial results to the inability to capitalize certain exploratory and development costs under U.S. GAAP, which would have been capitalized under IFRS [3]. Internal Controls and Management Changes - enCore identified a "material weakness" in its internal controls over financial reporting, primarily due to an ineffective control environment affecting risk assessment and monitoring activities [3]. - The company's Chief Executive Officer is no longer serving in that role or as a member of the Board [3]. Stock Market Reaction - Following the announcement of the financial results and management changes, enCore's stock price fell by $1.17 per share, or 46.4%, closing at $1.35 per share on March 3, 2025 [3].

Core Points - A class action has been filed against enCore Energy Corp. for allegedly misleading investors regarding its business prospects during the period from March 28, 2024, to March 2, 2025 [1][2] - The complaint highlights that enCore failed to disclose significant issues, including ineffective internal controls over financial reporting and the inability to capitalize certain exploratory and development costs under GAAP, leading to increased net losses [2][3] - On March 3, 2025, enCore reported a net loss of $61.3 million for fiscal 2024, more than double the previous year's loss of $25.6 million, attributing this to accounting standards discrepancies and identified material weaknesses in internal controls [3] Company Developments - Following the financial results announcement, enCore appointed a new acting CEO, replacing Paul Goranson, which contributed to a significant stock price drop of $1.17, or 46.4%, closing at $1.35 per share on March 3, 2025 [3] - Shareholders interested in participating in the class action must file their papers by May 13, 2025, to serve as lead plaintiff, representing other class members in the litigation [4] Legal Context - Robbins LLP, a firm specializing in shareholder rights litigation, is leading the class action, emphasizing that representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [5]

Core Viewpoint - A class action lawsuit has been initiated against enCore Energy Corp. for alleged violations of federal securities laws, particularly concerning misleading statements about its financial performance during fiscal year 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to shareholders who purchased enCore's securities between March 28, 2024, and March 2, 2025, and are encouraged to contact the law firm before May 13, 2025 [1]. - The complaint alleges that enCore made misleading statements regarding its weak performance in fiscal year 2024, citing a material weakness in internal controls over financial reporting [2]. - The company attributed this weakness to an ineffective control environment, which led to poor risk assessment and monitoring activities [2]. Group 2: Law Firm Background - DJS Law Group specializes in enhancing investor returns through securities class actions and corporate governance litigation, representing large hedge funds and alternative asset managers [3]. - The firm emphasizes the importance of litigation claims as valuable assets that require focused and results-driven advocacy [3].

NEW YORK, March 17, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of enCore Energy Corp ("enCore" or the "Company") (NASDAQ: EU). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether enCore and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On March 3, 2025, enCore a ...

ATLANTA, March 17, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against enCore Energy Corp. (“enCore” or the “Company”) (NASDAQ: EU). The lawsuit alleges that Defendants made false and/or misleading statements, as well as failed to disclose material facts regarding enCore’s business, operations, and prospects, including allegations that: (1) enCore lacked effective internal controls over financial reporting; (2) enCore could not capitalize certain exploratory and development co ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Significant Losses In enCore To Contact Him Directly To Discuss Their OptionsIf you suffered significant losses in enCore stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information]NEW YORK, March 13, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading nat ...

Core Viewpoint - enCore Energy Corp. has successfully started its second Ion Exchange Circuit at the Alta Mesa In-Situ Recovery Uranium Central Processing Plant, doubling the total flow capacity from 2,500 GPM to 5,000 GPM, which is crucial for increasing uranium capture rates [1][4]. Group 1: Expansion and Capacity - The second IX Circuit and additional injection and extraction wells in Wellfield 7 utilize approximately 75% of the current processing capacity [2]. - The Alta Mesa CPP now operates two of its three fully licensed IX Circuits, with a total flow capacity of 5,000 GPM [4][6]. - A third IX Circuit is planned for recommissioning in 2026, which will increase processing capacity to 7,500 GPM, achieving 100% IX capacity [13]. Group 2: Uranium Capture Efficiency - The wellfield decline curve at Alta Mesa shows a steep recovery, achieving approximately 80% uranium capture in just over 4 months, compared to 12 to 15 months for other Wyoming ISR operations [4]. - The company has added 43 injection wells and 36 recovery wells to Wellfield 7, contributing to a flow rate of 1,450 GPM [4]. - An aggressive drilling and well completion schedule is necessary to maintain high uranium capture rates, with 17 drill rigs currently focused on increasing extraction at Alta Mesa [4]. Group 3: Future Developments - Work is underway to return Wellfield 6 to operation within the next 6 months, which has a remaining resource of 370,000 lbs. of uranium [4]. - The company plans to expand its drilling program, with additional rigs expected to come online in the coming months [4]. - Construction and installation of the wellfield at the Upper Spring Creek Project will commence once final permits are received, anticipated before year-end [4]. Group 4: Company Overview - enCore Energy Corp. is the only U.S. uranium company with multiple Central Processing Plants in operation, committed to providing clean and reliable nuclear fuel [8]. - The Alta Mesa Project operates under a 70/30 joint venture with Boss Energy Limited and has a total operating capacity of 1.5 million lbs. U3O8 per year [5]. - The company utilizes well-known ISR technology for uranium extraction, which is a non-invasive process [6].