enCore Energy Corp. entered into a Separation and General Release Agreement effective July 8, 2026, with former CEO Robert J. Willette, who was terminated without cause on April 20, 2026. Under the agreement, Mr. Willette will receive a cash payment of $1,800,000 (less taxes and attorneys' fees) and a grant of 300,000 fully vested nonqualified stock options with a five-year term for consulting and advisory services. In exchange, he forfeits all other outstanding unvested stock options and restricted stock units. The company operates in the energy industry, focusing on uranium exploration and production.