Insiders Expand Positions as enCore Amends Uranium Loan Agreement
Following the sales of 170 million common shares of Anfield Energy Inc., the company announced the amendment of the uranium loan agreement with Boss Energy.
An aerial shot of the uranium mines, demonstrating the company's vast mineral resources.
Based in Texas, the American uranium resource company, enCore Energy Corp. (NASDAQ:EU) is engaged in the business of acquiring, exploring, developing, and in-situ recovery (ISR) extraction of uranium properties. The company operates multiple ISR projects across South Texas, Wyoming, and South Dakota. The company serves nuclear power markets as the only U.S. uranium company with central processing plants.
enCore Energy Corp. (NASDAQ:EU) reduced its ownership in Anfield Energy Inc. by 14.73% on June 20, 2025, with the sale of 170 million of the company's common shares. The transaction, valued at C$19.55 million, lowered the company's holdings since January 2024. Following the transaction, the company got its Buy rating reiterated by Canaccord Genuity on June 26, 2025.
Later, on June 27, 2025, the company's subsidiary, alongside Boss Energy Limited, announced its amendment of the Uranium Loan Agreement to push back the repayment date twice. First to July 3, 2025, and then again to December 27, 2025. The agreement currently has $10.4 million outstanding, while the amendment allowed the joint venture to thrive on a $3.6 million cash facility for funding capital contributions.
With a 1.33% increase in insider transactions, the stock is backed up by slightly upturned confidence from the enCore Energy Corp. (NASDAQ:EU)'s top executives.
While we acknowledge the potential of EU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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