04:29 PM EDT, 05/12/2025 (MT Newswires) -- enCore Energy (EU.V) on Monday afternoon reported a wider first-quarter loss, mostly driven by higher exploration and wellfield installation costs, and an over $9-million mark-to-market loss on marketable securities due to weak market conditions.

The company lost US$0.13 per share in the period, compared with a loss of US$0.04 per share a year ago. FactSet expected a loss of US$0.02 per share.

The company also said it extracted and processed 130,015 pounds of uranium at a cost of US$36.11 per pound. It delivered 290,000 pounds under sales contracts at an average price of $62.89 per pound.

The company ended the quarter with US$29.7 million in cash and US$35.7 million in working capital.

enCore shares closed up $0.04 to $2.40 on the TSX Venture Exchange.