A securities class action has been filed in the USDC –S.D.TX. against encore Energy Corp. (EU) (“enCore” or the “Company”) on behalf of all persons or entities who purchased or otherwise acquired enCore securities between March 28, 2024, and March 2, 2025 (the “Class Period”).

EnCore engages in the acquisition, exploration, and development of uranium resource properties in the United States.

The Complaint alleges that, throughout the Class Period, the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:

(1) that enCore lacked effective internal controls over financial reporting;

(2) that enCore could not capitalize certain exploratory and development costs under GAAP;

(3) that, as a result, its net losses had substantially increased; and

(4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis, thereby harming investors.

As a result of the Company’s announcement of its fiscal 2024 financial results, enCore’s stock price fell $1.17, or 46.4%, to close at $1.35 per share on March 3, 2025, on unusually heavy trading volume.

If you purchased enCore securities during the Class Period, and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.