SEC FORM 3

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

PELIZZA MARK S

(Last)

(First)

(Middle)

101 N. SHORELINE BLVD. SUITE 450

(Street)

CORPUS CHRISTI

78401

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2025

3. Issuer Name and Ticker or Trading Symbol
enCore Energy Corp. [ EU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	38,333	D
Common Stock	443,332	I	By Family Trust

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)	⁽¹⁾	05/20/2025	Common Stock	100,000	$0.43⁽²⁾	D
Stock Option (Right to Buy)	⁽³⁾	02/14/2027	Common Stock	233,333	$2.92⁽⁴⁾	D
Stock Option (Right to Buy)	⁽⁵⁾	05/17/2028	Common Stock	175,000	$1.94⁽⁶⁾	D
Stock Option (Right to Buy)	⁽⁷⁾	06/13/2029	Common Stock	150,000	$3.93⁽⁸⁾	D

Explanation of Responses:

1. On May 20, 2020, the reporting person was granted 100,000 stock options of enCore Energy Corp. (the "Company") pursuant to the Company's Stock Option Plan. The stock options are fully vested and became exercisable in four equal installments beginning on November 20, 2020, which was the six-month anniversary of the date on which the stock options were granted.

2. Represents an exercise price of $0.615 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.4395 reported by the Bank of Canada on January 9, 2025.

3. On February 14, 2022, the reporting person was granted 233,333 stock options of the Company pursuant to the Company's Stock Option Plan. The stock options are fully vested and became exercisable in four equal installments beginning on August 14, 2022, which was the six-month anniversary of the date on which the stock options were granted.

4. Represents an exercise price of $4.200 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.4395 reported by the Bank of Canada on January 9, 2025.

5. On May 17, 2023, the reporting person was granted 175,000 stock options of the Company pursuant to the Company's Stock Option Plan. The stock options vested and became exercisable one-fourth on November 17, 2023, one-fourth on May 17, 2024 and one-fourth on November 17, 2024 and will vest and become exercisable one-fourth on May 17, 2025.

6. Represents an exercise price of $2.790 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.4395 reported by the Bank of Canada on January 9, 2025.

7. On June 13, 2024, the reporting person was granted 150,000 stock options of the Company pursuant to the Company's Stock Option Plan. The stock options vested and became exercisable one-fourth on December 13, 2024, and will vest and become exercisable one-fourth on June 13, 2025, one-fourth on December 13, 2025 and one-fourth on June 13, 2026.

8. Represents an exercise price of $5.650 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.4395 reported by the Bank of Canada on January 9, 2025.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Mark Pelizza	01/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.