Latest news with #enCoreEnergy
Globe and Mail
10 hours ago
- Business
- Globe and Mail
enCore Energy Announces Filing of Early Warning Report
DALLAS , June 20, 2025 /CNW/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), America's Clean Energy Company ™, announces that it has disposed of 170,000,000 common shares in the capital of Anfield Energy Inc. (" Anfield") (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT : 0AD) in a private agreement at a price of $0.115 per share for aggregate proceeds of $19,550 ,000 (Canadian dollars). Immediately following the disposition, enCore holds or controls no common shares of Anfield. The disposition represents a 14.73% decrease in enCore's ownership or control over the outstanding common shares of Anfield on an undiluted basis. enCore does not currently hold or control any securities of Anfield . Since enCore's last early warning report dated January 15, 2024 , enCore's holdings have decreased by an approximate 16.02% of the outstanding common shares of Anfield on an undiluted basis. enCore disposed of the shares of Anfield in a private transaction. enCore may, depending on market and other conditions, increase beneficial ownership of the Company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities. The disclosure respecting enCore's shareholdings contained in this news release is made pursuant to National Instrument 62-103 and a report respecting the above disposition will be filed with the applicable securities commissions and will be available for viewing at A copy of the report may also be obtained by contacting Robert Willette , Acting Chief Executive Officer, or at info@ About enCore Energy Corp. enCore Energy Corp., America's Clean Energy Company ™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only United States uranium company with multiple central processing plants in operation. enCore operates the 100% owned and operated Rosita CPP in South Texas and the 70/30 joint venture Alta Mesa CPP with Boss Energy Ltd., with enCore operating as the project manager. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. Following upon enCore's demonstrated success in South Texas , future projects in enCore's planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming . The Company holds other assets including non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Associated Press
10-05-2025
- Business
- Associated Press
EU DEADLINE TUESDAY: ROSEN, A LONGSTANDING LAW FIRM, Encourages enCore Energy Corp. Investors to Secure Counsel Before Important May 13 Deadline in Securities Class Action
New York, New York--(Newsfile Corp. - May 10, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of enCore Energy Corp. (NASDAQ: EU) between March 28, 2024 and March 2, 2025, both dates inclusive (the 'Class Period'), of the important May 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased enCore securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the enCore class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) enCore lacked effective internal controls over financial reporting; (2) enCore could not capitalize certain exploratory and development costs under GAAP; (3) as a result, its net losses had substantially increased; and (4) as a result of the foregoing, defendants' positive statements about enCore's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the enCore class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: or on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] To view the source version of this press release, please visit
Yahoo
07-04-2025
- Business
- Yahoo
enCore Energy Increases Uranium Extraction at Alta Mesa ISR Uranium Central Processing Plant; Appoints Director and Site Management
NASDAQ:EUTSXV:EU DALLAS, April 7, 2025 /PRNewswire/ -- enCore Energy (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), announced today the results of the most successful month at the Alta Mesa In-Situ Recovery Uranium Central Processing Plant ("CPP") since commencing operations in June 2024. Following previously announced improvements to operations (see EU NR dated March 13, 2025) with the goal of expanding uranium extraction, decreasing unnecessary costs and increasing efficiency, the Company captured 50,000 pounds of uranium ("U3O8") in the last 26 days in March 2025. With a healthy treasury including unencumbered cash, inventory and marketable securities of ~$40 million USD, the Company continues to improve Alta Mesa CPP operations and the wellfield development program, which is now on track to meet 2025 contract projections. The Company also announced the appointment of Rob Willette, Acting Chief Executive Officer ("A/CEO"), to the Board of Directors and the promotion of Daniel Calderon to Director of Texas Operations. Mr. Willette will hold the Board seat dedicated to the Chief Executive Officer until such time a permanent appointment is made. William M. Sheriff, Executive Chairman of enCore Energy stated: "The improvements at the Alta Mesa CPP are the result of a true team effort, led on site by an outstanding group of dedicated professionals. Mr. Calderon has taken on a key leadership role, managing day-to-day operations at both the Rosita and Alta Mesa CPP's. We also want to recognize the invaluable contributions of two of our Directors—Dr. Dennis Stover and Mark Pelizza—who bring decades of experience in In-Situ Recovery (ISR) operations. Their ongoing commitment and additional efforts have been instrumental in enhancing site operations and advancing permitting initiatives at the Texas state level." Mr. Sheriff further added: "Mr. Willette has provided immense value to the Company in his role of Chief Legal Officer, and now A/CEO, assisting greatly with the transition to a U.S.-domiciled company. His understanding of the regulatory environment in the U.S. has been of great benefit to our team. I am pleased he has agreed to join the Board to provide continuity at the leadership level." Alta Mesa CPP and Project highlights include: Uranium capture of 50,000 pounds of uranium has been realized at the Alta Mesa CPP between March 6th and March 31st with one day offline due to power failures associated with torrential rain; Average daily capture rate for the last 26 days of March 2025 was in excess of 1,900 pounds of uranium per day; this is the highest rate since the plant returned to operations in June of 2024; In 2025, the Company has, as of this date, delivered 290,000 pounds of uranium under its contracts with utility companies. An additional 365,000 pounds of uranium is expected to be delivered for contracts through 2025. At the current extraction rate, it is expected that the Company will not purchase additional uranium in the market to meet 2025 contractual commitments; The Company accelerated its August 2025 contract delivery requirements to May 2025 due to the improved uranium capture at the Alta Mesa CPP; A total of 21 drill rigs are now in operation at the Alta Mesa Project; 14 drill rigs dedicated to wellfield installation and advancement of Wellfield 7 ("PAA-7"). 4 drill rigs are at Wellfield 8 ("PAA-8") focused on development drilling; 2 drill rigs are focused on Alta Mesa exploration and 1 drill rig is located at Upper Spring Creek; Initial preparatory work commenced at the permitted Wellfield 6 ("PAA-6"), which was in operation in 2013 briefly, prior to operations at Alta Mesa being placed on stand-by due to low uranium prices. The Company looks forward to resuming operations of the fully permitted wellfield in Q4 2025 following necessary refurbishment and repairs. The Company will continue to accelerate wellfield development and intends to source up to 12 additional drill rigs, with the target of at least 30 drill rigs operating at its South Texas projects. This target is expected to provide the Company with the optimal number of drill rigs to accelerate extraction and advance wellfield development at the Alta Mesa Project. Mr. Robert Willette, Director & A/CEOMr. Willette served as the Chief Legal Officer for enCore Energy prior to also being appointed as Acting Chief Executive Officer. As an accomplished general counsel and business executive with 20+ years of experience managing corporate legal functions for public and privately held entities he has worked across a multitude of sectors, including industrial, manufacturing, transportation, oil & gas, and renewables. His broad experience includes corporate law and sophisticated commercial transactions, including securities, capital market transactions, mergers and acquisitions, divestitures, as well as significant experience in manufacturing, real estate, governance, compliance, intellectual property, and international operations and transactions. Prior to joining enCore, Mr. Willette served as ProFrac Holding Company's Chief Legal Officer, Chief Compliance Officer and Corporate Secretary, a multi-billion dollar publicly traded oil and gas services and technology company. Mr. Willette holds a B.S., an M.B.A., and a J.D. from the University of Kansas. Mr. Daniel Calderon, Director of Texas OperationsMr. Calderon serves as the Director of Texas Operation and is responsible for managing the Rosita and Alta Mesa CPP's and Wellfields. He previously served as Manager of South Texas Operations. Prior to joining enCore, Mr. Calderon was employed by Uranium Resources Inc. ("URI") for 14 years in various capacities including Plant Engineer and Operations Manager. He was responsible for operations at the Kingsville, Rosita and Vasquez CPP's and Wellfields. Mr. Calderon holds a BSc In Mechanical Engineering from Texas A&M University Kingsville. About the Alta Mesa Uranium CPP and WellfieldThe Alta Mesa Project hosts a fully licensed and constructed ISR Central Processing Plant and operational wellfield located on 200,000+ acres of private land and mineral rights in and regulated by the state of Texas. Total operating capacity at the Alta Mesa CPP is 1.5 million lbs. uranium per year with additional drying capacity of 0.5 million lbs. The Alta Mesa Project operates under a 70/30 joint venture with Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) that is managed by the Company. The Alta Mesa CPP historically produced nearly 5 million lbs. of uranium between 2005 and 2013 when production was curtailed as a result of low prices. The Alta Mesa Project utilizes well known ISR technology to extract uranium in a non-invasive process using natural groundwater and oxygen. Currently, oxygenated water is being circulated in the wellfield through injection or extraction wells plumbed directly into the primary pipelines feeding the Alta Mesa CPP. Expansion of the wellfield will continue with production to steadily increase from the wellfield as expansion continues through 2025 and beyond. John M. Seeley, Ph.D., P.G., C.P.G., enCore's Manager of Geology and Exploration, and a Qualified Person under NI 43-101 and Regulation S-K subpart 1300 of the Exchange Act of 1933 as amended, has reviewed and approved the technical disclosure in this news release on behalf of the Company. About enCore Energy Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only United States uranium company with multiple Central Processing Plants in operation. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of In-Situ Recovery ("ISR") uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. Following upon enCore's demonstrated success in South Texas, future projects in enCore's planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The Company holds other assets including non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments. Cautionary Note Regarding Forward Looking Statements:Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws that are based on management's current expectations, assumptions, and beliefs. Forward-looking statements can often be identified by such words as "expects", "plans", "believes", "intends", "continue", "potential", "remains", and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", or "will" be taken. Forward-looking statements and information that are not statements of historical fact include, but are not limited to, any information relating to statements regarding future or potential extraction and uranium delivery under existing contracts, and any other statements regarding future expectations, beliefs, goals or prospects, statements regarding the success of current and future ISR operations, including projects in our pipeline, our accelerated wellfield development and uranium extraction plans and expectations that the Company will meet 2025 contractual commitments without purchasing additional uranium in the market should be considered forward looking statements. All such forward-looking statements are not guarantees of future results and forward-looking statements are subject to important risks and uncertainties, many of which are beyond the Company's ability to control or predict, that could cause actual results to differ materially from those expressed in any forward looking statement, including those described in greater detail in our filings with the SEC and on SEDAR+, particularly those described in our Annual Report on Form 10-K, annual information form and MD&A. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with assumptions regarding timing and schedule of the projects, general economic conditions; adverse industry events; future legislative and regulatory developments; the ability of enCore to implement its business strategies; and other risks. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation exploration and development risks, changes in commodity prices, access to skilled personnel, the results of exploration and development activities; extraction risks; uninsured risks; regulatory risks; defects in title; the availability of materials and equipment, timeliness of government approvals and unanticipated environmental impacts on operations; litigation risks; risks posed by the economic and political environments in which the Company operates and intends to operate; increased competition; assumptions regarding market trends and the expected demand and desires for the Company's products and proposed products; adverse market conditions, the failure to satisfy ongoing regulatory requirements and factors relating to forward looking statements listed above. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the various securities commissions which are available online at and Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. View original content to download multimedia: SOURCE enCore Energy Corp. Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
enCore Energy Education Society and Texas A&M University-Kingsville Establish the Dr. Dennis Stover Fellowship; Investing in the Next Generation
NASDAQ:EUTSXV: DALLAS, April 3, 2025 /CNW/ - enCore Energy (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), is proud to announce the establishment of the Dr. Dennis Stover Fellowship at Texas A&M University-Kingsville (TAMUK) through the enCore Energy Education Society. This new fellowship honors Dennis Stover, PhD, a Director of enCore Energy and a pioneering developer of In-Situ Recovery (ISR) uranium extraction technology, a process that remains essential to the nuclear industry today. In recognition of his contributions, the enCore Energy Education Society has partnered with TAMUK's Frank H. Dotterweich College of Engineering and the Wayne H. King Department of Chemical and Natural Gas Engineering to provide financial support for outstanding graduate students pursuing a master's degree in chemical engineering. Dr. Dennis Stover's continuing five-decade career in uranium extraction and nuclear energy has helped shape the industry, advancing safe and sustainable fuel solutions. His professional journey in nuclear engineering began in South Texas, home to the first commercial ISR operation in the United States at the Clay West uranium project in 1975. His work continues to this day as he leads the advancement and improved efficiencies of wellfield development and plant operations at enCore's Alta Mesa Project. While his work has spanned multiple states and countries, South Texas has remained the foundation of his hands-on experience and lasting professional relationships. Dr. Stover has long recognized Texas A&M University–Kingsville as a leading educational force in the uranium industry—not only in South Texas, but across the nation. Its engineering and geologic graduates have made significant contributions to the success of ISR uranium projects, and their impact continues to shape the future of clean energy. Dr. Dennis Stover, Director of enCore Energy, stated: "I am honored that enCore Energy and the enCore Energy Education Society have chosen to support students at Texas A&M University-Kingsville, where so many talented engineers have begun their journeys. Education is the foundation of innovation, and I hope this fellowship will inspire and empower future generations of engineers to advance nuclear technology, just as I was once inspired. Investing in young minds is investing in the future of clean energy, and I am grateful to play a role in that legacy." Dr. James Palmer, Provost and Senior Vice President for Academic Affairs at TAMUK, stated: "Recruiting and retaining outstanding graduate students is essential to the continued growth and success of our Chemical Engineering program. The generosity of Dr. Dennis Stover's friends and family in establishing this endowment will provide exceptional opportunities for our master's students, empowering them to excel in their studies and research. This gift not only honors Dr. Stover's continuing legacy but also reinforces the strength and future of the chemical engineering program for generations to come." The Dr. Dennis Stover Fellowship is a merit-based fellowship designed to support students demonstrating academic excellence, leadership potential, and a commitment to advancing engineering and nuclear technologies. The Dr. Dennis Stover Fellowship is originally funded by an initial $120,000 endowment from the enCore Energy Education Society, which has received financial support from enCore Energy Corp, Boss Energy Ltd and supporting companies and colleagues. About the enCore Energy Education SocietyThe enCore Education Society is a Texas corporation with a 501(3)(c) application pending with the IRS. The Society is focused on providing financial resources for high school, college and university students pursuing an education in trades and professions necessary for the In-Situ Recovery ("ISR") uranium extraction process providing the fuel for nuclear energy. The enCore Energy Education Society and the TAMUK Foundation welcome contributions to support the Dr. Dennis Stover Fellowship. To make a donation directly to the fellowship, visit and designate your gift to the Dr. Dennis Stover Fellowship or contact the enCore Energy Education Society, contact info@ About enCore Energy Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only United States uranium company with multiple Central Processing Plants in operation. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of In-Situ Recovery ("ISR") uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. Following upon enCore's demonstrated success in South Texas, future projects in enCore's planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The Company holds other assets including non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments. Cautionary Note Regarding Forward Looking Statements:Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws that are based on management's current expectations, assumptions, and beliefs. Forward-looking statements can often be identified by such words as "expects", "plans", "believes", "intends", "continue", "potential", "remains", and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", or "will" be taken. Forward-looking statements and information that are not statements of historical fact include, but are not limited to, any information relating to statements regarding future or potential extraction, and any other statements regarding future expectations, beliefs, goals or prospects, statements regarding the success of current and future ISR operations, including projects in our pipeline, our accelerated wellfield development and uranium extraction plans, the ability to complete and expected timing of completion of permitting, the ability and timing of recruiting a new qualified chief executive officer should be considered forward looking statements. All such forward-looking statements are not guarantees of future results and forward-looking statements are subject to important risks and uncertainties, many of which are beyond the Company's ability to control or predict, that could cause actual results to differ materially from those expressed in any forward looking statement, including those described in greater detail in our filings with the SEC and on SEDAR+, particularly those described in our Annual Report on Form 10-K, annual information from and MD&A. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with assumptions regarding timing and schedule of the projects, general economic conditions; adverse industry events; future legislative and regulatory developments; the ability of enCore to implement its business strategies; and other risks. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation exploration and development risks, changes in commodity prices, access to skilled personnel, the results of exploration and development activities; extraction risks; uninsured risks; regulatory risks; defects in title; the availability of materials and equipment, timeliness of government approvals and unanticipated environmental impacts on operations; litigation risks; risks posed by the economic and political environments in which the Company operates and intends to operate; increased competition; assumptions regarding market trends and the expected demand and desires for the Company's products and proposed products; adverse market conditions, the failure to satisfy ongoing regulatory requirements and factors relating to forward looking statements listed above. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the various securities commissions which are available online at and Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. View original content to download multimedia: SOURCE enCore Energy Corp. View original content to download multimedia:
Yahoo
18-03-2025
- Business
- Yahoo
enCore Energy Corp. (CVE:EU) Analysts Just Trimmed Their Revenue Forecasts By 42%
The latest analyst coverage could presage a bad day for enCore Energy Corp. (CVE:EU), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Revenue estimates were cut sharply as analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well. Shares are up 6.7% to CA$2.23 in the past week. It will be interesting to see if this downgrade motivates investors to start selling their holdings. Following this downgrade, enCore Energy's four analysts are forecasting 2025 revenues to be US$57m, approximately in line with the last 12 months. Before the latest update, the analysts were foreseeing US$99m of revenue in 2025. The consensus view seems to have become more pessimistic on enCore Energy, noting the pretty serious reduction to revenue estimates in this update. See our latest analysis for enCore Energy The consensus price target fell 14% to CA$6.06, with the analysts clearly less optimistic about enCore Energy's valuation following this update. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the enCore Energy's past performance and to peers in the same industry. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 1.5% by the end of 2025. This indicates a significant reduction from annual growth of 91% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 2.9% per year. It's pretty clear that enCore Energy's revenues are expected to perform substantially worse than the wider industry. The clear low-light was that analysts slashing their revenue forecasts for enCore Energy this year. They also expect company revenue to perform worse than the wider market. Furthermore, there was a cut to the price target, suggesting that the latest news has led to more pessimism about the intrinsic value of the business. Given the stark change in sentiment, we'd understand if investors became more cautious on enCore Energy after today. Of course, this isn't the full story. We have estimates for enCore Energy from its four analysts out until 2027, and you can see them free on our platform here. Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
