INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of encore Energy Corp - EU

NEW YORK, March 17, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of enCore Energy Corp ("enCore" or the "Company") (NASDAQ: EU). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether enCore and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On March 3, 2025, enCore announced its 2024 financial results in a press release, reporting a net loss of $61.3 million compared to a $25.6 million net loss for 2023. The Company disclosed that its Chief Executive Officer is "no longer serving" in that role "or as a member of the Board." Additionally, enCore revealed that it had identified material weaknesses in its internal controls over financial reporting. 

On this news, enCore's stock price fell $1.17 per share, or 46.4%, to close at $1.35 per share on March 3, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP