enCore Energy Corp.

During the three months ended March 31, 2026, 75,234 common shares were issued to a current employee and former director on the exercise of stock options, for gross proceeds of $149. Warrants of 6,510,400 were exercised for an equal number of shares, for gross proceeds of 17,798. Warrants of 3,667,002 were exercised for 276,095 shares as the result of cashless exercises. The common shares were issued pursuant to the exemption from the registration requirements of the Securities Act provided by Rule 903 of Regulation S promulgated under the Securities Act, Section 4(a)(2) of the Securities Act and Section 3(a)(9) of the Securities Act because (i) the issuances were to investors outside the United States, (ii) in a transaction not involving any public offering and/or exchanged by the Company with its existing security holders exclusively where no commission or other remuneration was paid or given directly or indirectly for soliciting such exchange.