enCore Energy Corp. completed the distribution of 35,000,000 Verdera Energy Corp. shares to enCore shareholders of record as of September 25, 2026. The distribution was completed on September 30, 2026, and Verdera announced it on October 1, 2026. It comprised 21,000,000 unrestricted shares (0.108 per enCore share), 7,000,000 shares restricted until November 20, 2026 and 7,000,000 shares restricted until February 20, 2027 (0.036 per enCore share each). Fractions were rounded down, and enCore kept 17,554 unrestricted shares and 5,889 shares in each restricted tranche. 

The distribution follows a share purchase agreement dated March 17, 2025. Under it, Verdera acquired an enCore subsidiary holding New Mexico uranium projects in exchange for 50,000,000 non-voting preferred shares, a US$350,000 cash payment and a 2 percent royalty. Verdera, formerly POCML 7 Inc., listed on the TSX Venture Exchange through a qualifying transaction that closed February 20, 2026 (per the F-1/A). The distribution shares were registered with the U.S. Securities and Exchange Commission on Form F-1. 

Verdera is a British Columbia company developing in-situ recovery uranium assets in New Mexico, chiefly the Crownpoint Project.