enCore Energy Corp. (NASDAQ: EU)

This lawsuit is for anyone who acquired securities in enCore Energy Corp. (NASDAQ: EU) from March 28, 2024 through March 2, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had in place sufficient financial controls but then by significantly understating losses.

On March 3, 2025, enCore announced its fiscal 2024 financial results in a press release, reporting a net loss of $61.3 million compared to a $25.6 million net loss for fiscal 2023. The Company revealed that its Chief Executive Officer is “no longer serving” in the role “or as a member of the Board.” Additionally, the Company revealed that it had identified material weaknesses in its internal controls over financial reporting. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in enCore Energy Corp. (NASDAQ: EU) from March 28, 2024 through March 2, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.