enCore Energy Announces Change in U.S. Reporting Status, Change in Auditor
enCore Energy (NASDAQ: EU) announces two significant changes effective January 1, 2025: its reporting status with the SEC will change from a foreign filer to a U.S. domestic filer, and the appointment of KPMG LLP as its new auditor. The company will begin filing annual and quarterly reports on Form 10-K and Form 10-Q, starting with the Form 10-K for the financial year ending December 31, 2024. The auditor transition from Davidson & Company LLP was approved by the Board and occurred without any disagreements or reportable events regarding accounting principles, practices, or procedures.
enCore Energy (NASDAQ: EU) annuncia due cambiamenti significativi che entreranno in vigore il 1 gennaio 2025: il suo status di reporting con la SEC passerà da un file estero a un file nazionale statunitense, e la nomina di KPMG LLP come nuovo revisore. L'azienda inizierà a presentare rapporti annuali e trimestrali utilizzando il Modulo 10-K e il Modulo 10-Q, a partire dal Modulo 10-K per l'anno finanziario che termina il 31 dicembre 2024. La transizione dell'auditor da Davidson & Company LLP è stata approvata dal Consiglio e si è svolta senza disaccordi o eventi riportabili riguardanti principi, pratiche o procedure contabili.
enCore Energy (NASDAQ: EU) anuncia dos cambios significativos que entrarán en vigor el 1 de enero de 2025: su estatus de presentación ante la SEC cambiará de un presentador extranjero a un presentador nacional de EE. UU., y la designación de KPMG LLP como su nuevo auditor. La compañía comenzará a presentar informes anuales y trimestrales en el Formulario 10-K y el Formulario 10-Q, comenzando con el Formulario 10-K para el año financiero que finaliza el 31 de diciembre de 2024. La transición del auditor de Davidson & Company LLP fue aprobada por la Junta y se llevó a cabo sin desacuerdos ni eventos reportables con respecto a principios, prácticas o procedimientos contables.
enCore Energy (NASDAQ: EU)는 2025년 1월 1일부터 시행되는 두 가지 중요한 변경 사항을 발표합니다: SEC와의 보고 상태가 해외 제출자에서 미국 국내 제출자로 변경되며, KPMG LLP를 새로운 감사인으로 임명합니다. 회사는 2024년 12월 31일로 끝나는 회계연도에 대한 Form 10-K부터 시작하여 Form 10-K 및 Form 10-Q로 연간 및 분기 보고서를 제출하기 시작합니다. Davidson & Company LLP에서 감사인 전환이 이사회에 의해 승인되었으며, 회계 원칙, 관행 또는 절차에 관한 이견이나 보고 가능한 사건 없이 진행되었습니다.
enCore Energy (NASDAQ: EU) annonce deux changements importants prenant effet le 1er janvier 2025 : son statut de déclaration auprès de la SEC passera d'un déposant étranger à un déposant domestique américain, et la nomination de KPMG LLP en tant que nouvel auditeur. La société commencera à soumettre des rapports annuels et trimestriels sous le formulaire 10-K et le formulaire 10-Q, en commençant par le formulaire 10-K pour l'exercice financier se terminant le 31 décembre 2024. La transition de l'auditeur de Davidson & Company LLP a été approuvée par le Conseil et s'est déroulée sans désaccords ni événements reportables concernant les principes, pratiques ou procédures comptables.
enCore Energy (NASDAQ: EU) gibt zwei wesentliche Änderungen bekannt, die am 1. Januar 2025 wirksam werden: Sein Berichtstatus bei der SEC ändert sich von einem ausländischen Einreicher zu einem inländischen Einreicher in den USA, und die Ernennung von KPMG LLP als neuen Prüfer. Das Unternehmen wird beginnen, jährliche und vierteljährliche Berichte im Formular 10-K und Formular 10-Q einzureichen, beginnend mit dem Formular 10-K für das zum 31. Dezember 2024 endende Geschäftsjahr. Der Übergang des Prüfers von Davidson & Company LLP wurde vom Vorstand genehmigt und verlief ohne Meinungsverschiedenheiten oder berichtspflichtige Ereignisse hinsichtlich der Rechnungslegungsgrundsätze, -praktiken oder -verfahren.
- Transition to U.S. domestic filer status indicates potential for enhanced market presence and accessibility to U.S. investors
- Appointment of KPMG LLP, a Big Four accounting firm, suggests strengthened financial oversight and credibility
- None.
Insights
The transition from foreign to U.S. domestic filer status represents a significant regulatory shift for enCore Energy. This change aligns with the company's strategic positioning in the U.S. uranium market and will require more comprehensive financial reporting under SEC regulations. The appointment of KPMG, a "Big Four" accounting firm, enhances credibility with U.S. investors and indicates preparation for potentially stricter regulatory oversight.
The clean transition from Davidson & Company, with no reportable events or disagreements, suggests strong financial controls and transparency. This regulatory upgrade positions enCore for broader institutional investor access and improved market visibility, particularly important given its role in the U.S. domestic uranium supply chain.
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The Company also announces the appointment of KPMG LLP ("KPMG") as the Company's new auditor. The change in auditor was approved by enCore's Board of Directors and reflects the necessary support for enCore's transition to a
A Notice of Change of Auditors, together with a letter from Davidson & Company LLP as previous auditor, and a letter from KPMG as successor auditor, have been reviewed by the Company's Audit Committee, and will be available under the Company's SEDAR+ profile at www.sedarplus.ca and on the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system at www.sec.gov/edgar. The transition is in accordance with regulatory guidelines and was not prompted by any disagreements between enCore and Davidson on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
There were no reservations in Davidson's audit reports for any financial period for the two most recently completed financial years or for any subsequent period until its resignation date and there are no "reportable events" as such term is defined in National Instrument 51-102 – Continuous Disclosure Obligations between the Company and Davidson.
enCore extends its sincere appreciation to Davidson, a trusted advisor since 2016, for their professional expertise and dedicated support.
About enCore Energy Corp.
enCore Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only
Following upon enCore's demonstrated success in
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements:
Certain information contained in this news release, including: statements regarding future or potential production, and any other statements regarding future expectations, beliefs, goals or prospects; may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities laws and regulations (collectively, "forward-looking statements"). All statements in this news release that are not statements of historical fact (including statements containing the words "expects", "is expected", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken) should be considered forward-looking statements. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the Company's ability to control or predict. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the ability of enCore to implement its business strategies; and other risks. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation exploration and development risks, changes in commodity prices, access to skilled mining personnel, the results of exploration and development activities; production risks; uninsured risks; regulatory risks; defects in title; the availability of materials and equipment, timeliness of government approvals and unanticipated environmental impacts on operations; litigation risks; risks posed by the economic and political environments in which the Company operates and intends to operate; increased competition; assumptions regarding market trends and the expected demand and desires for the Company's products and proposed products; reliance on industry equipment manufacturers, suppliers and others; the failure to adequately protect intellectual property; the failure to adequately manage future growth; adverse market conditions, the failure to satisfy ongoing regulatory requirements and factors relating to forward looking statements listed above which include risks as disclosed in the Company's annual information form filings. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the various securities commissions which are available online at www.sec.gov and www.sedarplus.ca. Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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SOURCE enCore Energy Corp.
FAQ
When will enCore Energy (NASDAQ: EU) change its SEC reporting status to U.S. domestic filer?
Who is enCore Energy's new auditor replacing Davidson & Company LLP?
What SEC forms will enCore Energy (EU) file after becoming a U.S. domestic filer?
