enCore Energy is trading 10.51% up at $0.99 after confirming plans to distribute 35 million Verdera shares as a special dividend.
- The company announced a September 21 North Star investor-relations agreement.
- Shareholders of record on September 25 are expected to receive approximately 0.18 Verdera shares each, with distribution scheduled for September 30, subject to required approvals.
- The company-specific catalyst appears to be driving the gain, while broader risk-on markets and stronger cryptocurrencies provide additional support.