Encore Energy Corp. (NASDAQ:EU | TSXV:EU) has reported its financial and operational results for the year ended December 31, 2025, highlighting significant improvements since the previous period.
The company's net loss per share improved to $(0.30) compared to $(0.34) for the year ended December 31, 2024. Sales (delivery) into contracts saw an increase to approximately 655,000 pounds of uranium (“U3O8”) at a price of $65.89 with a weighted average cost of $51.09. U3O8 extraction also experienced a substantial increase of 242%, reaching 699,807 pounds, compared to the year ended December 31, 2024.
Encore reported a closing balance of 132,013 pounds of U3O8 in inventory at a cost of $37.77 per pound, with a closing cash and equivalent balance of $52 million and total liquidity of $96 million.
In terms of costs, the total cost of pounds of U3O8 sold for the year ended December 31, 2025, amounted to $35,335, at a cost of $53.95 per pound. The purchased (2024) inventory cost $18,516 at $75.57 per pound, while the extracted total cost was $17,179 at $41.90 per pound. Cash costs of extracted pounds related to cost of goods sold were $12,087 at $29.48 per pound, and non-cash costs were $5,092 at $12.42 per pound.
During February 2026, approximately 6.6 million warrants were exercised, providing approximately $18.1 million cash to the company, further strengthening Encore’s financial position. The company intends to utilize the proceeds to support project development initiatives, including infrastructure and wellfield development in South Texas, and continued advancement of permitting and construction planning at its pipeline of projects.
In addition, construction activities associated with the Upper Spring Creek satellite facility in South Texas continue to advance, while at the Dewey Burdock project in South Dakota, permitting activities and development planning are also progressing. Encore expects construction activities to commence at Dewey Burdock within the next 18 months.
Encore's CEO, Rob Willette, commented on the progress made across the company's U.S. uranium projects, highlighting the ongoing support from shareholders and the strengthening of the company's balance sheet. He emphasized the importance of Encore's portfolio of ISR uranium projects in contributing to future U.S. clean energy growth.
Encore Energy Corp. is set to file its annual Form 10-K by March 31, 2026, with the U.S. Securities and Exchange Commission, which will include the company’s consolidated financial statements for the year ended December 31, 2025, and the related notes and financial results.
Encore Energy Corp. is recognized as America’s clean energy company and is committed to providing clean, reliable, and affordable fuel for nuclear energy, utilizing ISR for uranium extraction.
For more information about the company's financial and operational results, please refer to the company’s website or the U.S. Securities and Exchange Commission’s website. Today the company's shares have moved 0.98% to a price of $3.10. For the full picture, make sure to review enCore Energy's 8-K report.
