INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in enCore Energy Corp. of Class Action Lawsuit and Upcoming Deadlines - EU

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$1.35 per share on March 3, 2025 [3].