Investor Alert: Robbins LLP Informs Investors of the EnCore Energy Corp. Class Action Lawsuit

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$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]