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Verdera Energy Plans Share Buyback Ahead of enCore Distribution

Verdera Energy Plans Share Buyback Ahead of enCore Distribution

Verdera Energy Corp. is initiating a normal course issuer bid to repurchase up to 3.79 million common shares, representing 5% of its outstanding stock. The program, running from September 29, 2026, through September 28, 2027, aims to capitalize on current market valuations while the company prepares for an upcoming dividend distribution.

The company, which trades on the TSXV as V and the OTCQB as VUECF, has retained Haywood Securities Inc. to execute the buybacks on the open market. All shares acquired under the program will be cancelled. Management retains the discretion to suspend or terminate the repurchases at any time based on market conditions, noting that no shares have been bought back by the firm in the previous 12 months.

This capital move precedes a significant corporate milestone involving enCore Energy Corp. On September 30, 2026, enCore will distribute Verdera common shares as a special dividend to its shareholders of record as of September 25. To address questions regarding this distribution and the buyback program, Verdera will host a conference call and webcast on Monday, September 28, 2026, at 11:30 AM ET.

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