enCore Energy Corp.

Additional Updates

On August 17, 2026, the Company will award equity grants under its 2024 Long-Term Incentive Plan (the “Plan”) to certain of its directors and officers. These grants consist of (i) 351,350 restricted stock units (“RSUs”) that vest one (1) year from the grant date; (ii) 409,189 RSUs that vest ratably over three (3) years from the grant date; (iii) 461,757 performance stock units that vest based on the achievement of applicable performance goals at the conclusion of the three-year period ending December 31, 2028; and (iv) 101,351 stock options that vest ratably over three (3) years from the grant date with an exercise price equal to the closing price of the Company’s common shares on the grant date and expiring five (5) years after the grant date, all of which are subject to the terms and conditions of the Plan.