enCore Energy Engages North Star Investor Relations and Provides Update on Distribution of Verdera Common Shares to its Shareholders

enCore announces a Verdera share dividend and a $10,000/month IR contract.

What the company is saying

enCore Energy Corp. (TSXV:EU) has entered into a consulting agreement with North Star Investor Relations Inc. to enhance its investor relations activities. The agreement is effective September 18, 2026, with North Star providing services such as shareholder outreach, capital markets intelligence, media communications, and press release coordination. enCore will pay North Star a monthly cash retainer of CAD $10,000 for an initial one-year term, with renewal possible by mutual agreement and termination allowed with 30 days' written notice. North Star is at arm's length to enCore, owned by Graham Farrell, and held no enCore securities at the time of signing. The contract is subject to TSXV approval. Separately, enCore confirms the upcoming distribution of 35,000,000 common shares of Verdera Energy Corp. as a special dividend, with a record date of September 25, 2026, and payment on September 30, 2026. Shareholders will receive approximately 0.18 Verdera share per enCore share, subject to adjustment, pending regulatory approvals from Nasdaq and TSXV.

What the data suggests

The IR contract commits enCore to a CAD $10,000 monthly outlay for one year, totaling CAD $120,000 if the full term is served. The contract is standard, with clear terms on renewal and termination, and is contingent on TSXV approval. North Star and its principals have no disclosed equity interest in enCore, reducing potential conflicts of interest. The special dividend will distribute 35,000,000 Verdera Energy Corp. shares, granting enCore shareholders approximately 0.18 Verdera share per enCore share held as of the September 25, 2026 record date. The distribution is subject to regulatory approvals and may be adjusted on the record date. No information is provided on the market value of the Verdera shares, the impact on enCore’s retained ownership in Verdera, or the strategic rationale for the spin-out. No operational or financial performance metrics for enCore or Verdera are disclosed in this announcement.

Analysis

The announcement is factual and procedural, covering a standard investor relations consulting agreement and the mechanics of a special dividend distribution. All key terms—such as the IR retainer, contract duration, and dividend record/payment dates—are clearly disclosed. Forward-looking statements are limited to regulatory approvals and the mechanics of the share distribution, which are routine for such actions. There is no promotional or exaggerated language, and no claims are made about future financial performance or operational breakthroughs. The only capital outlay is a modest IR retainer, which is not material in the context of a listed company. The dividend distribution is subject to regulatory approval, but this is standard and not presented as a certainty or as a transformative event. Overall, the tone and content are proportionate to the facts disclosed.

Risk flags

• ●The Verdera share distribution is contingent on regulatory approvals from both the Nasdaq Capital Market LLC and the TSX Venture Exchange. Any delay or failure to secure these approvals could postpone or cancel the dividend, directly impacting shareholder expectations.
• ●The announcement does not disclose the market value of the 35,000,000 Verdera shares to be distributed, leaving investors unable to assess the economic significance of the special dividend or its impact on enCore’s balance sheet.
• ●The consulting agreement with North Star Investor Relations Inc. is subject to TSXV approval. If approval is not granted, enCore may need to seek alternative IR support or renegotiate terms, potentially affecting its investor communications strategy.

Bottom line

enCore Energy Corp. is implementing a routine investor relations contract at a cost of CAD $10,000 per month for a year, with standard terms and regulatory approval required. The more material action is the imminent special dividend of 35,000,000 Verdera Energy Corp. shares, with a record date of September 25, 2026, and payment on September 30, 2026, offering shareholders approximately 0.18 Verdera share per enCore share. The absence of any disclosed value for the Verdera shares or context on the retained stake means investors cannot quantify the benefit or strategic impact of the distribution. Both the IR contract and the dividend are subject to regulatory approvals, introducing short-term execution risk. The announcement is factual and procedural, with no promotional language or unsupported claims. The key next step is confirmation of regulatory approvals and completion of the Verdera share distribution.

Announcement summary

(TSXV:EU) enCore Energy Corp. announced that it has engaged North Star Investor Relations Inc. to provide investor relations consulting services under a consulting agreement effective September 18, 2026. North Star will support enCore's investor relations activities, including shareholder outreach, capital markets intelligence, media communications, and coordination of press releases. Under the agreement, enCore will pay North Star a monthly cash retainer of CAD $10,000 for an initial term of one year. The consulting agreement may be renewed at the end of the initial term by mutual agreement and may be terminated by either party with 30 days' prior written notice. North Star is owned by Graham Farrell and, to the knowledge of enCore, held no securities of enCore at the time the agreement was executed. North Star and its principals are at arm's length to enCore. The provision of services by North Star is subject to TSXV approval. enCore also confirmed, as previously disclosed on September 15, 2026, that it has set a record date for the distribution of 35,000,000 common shares of Verdera Energy Corp. as a special dividend on September 30, 2026, to shareholders of record on September 25, 2026. The pro rata distribution will result in enCore shareholders receiving approximately 0.18 of a Verdera Distribution Share for each enCore common share, subject to adjustment on the record date. The distribution is subject to completion of all necessary filings and receipt of all approvals from the Nasdaq Capital Market LLC and the TSX Venture Exchange.

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