Here is Why enCore Energy (EU) Gained This Week

The share price of enCore Energy Corp. (NASDAQ:EU) surged by 8.12% between June 26 and July 3, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Here is Why enCore Energy (EU) Gained This Week

An aerial shot of the uranium mines, demonstrating the company’s vast mineral resources.

enCore Energy Corp. (NASDAQ:EU) engages in the acquisition, exploration, and development of uranium resource properties in the United States.

enCore Energy Corp. (NASDAQ:EU) received a massive boost last month after the company revealed record uranium extraction rates at its Alta Mesa In-Situ Recovery Uranium Central Processing Plant since commencing operations in June 2024.

The stock continued to surge this week after it was announced that enCore Energy Corp. (NASDAQ:EU) and Boss Energy had amended their Uranium Loan Agreement. Under the terms of the deal, Boss will extend the repayment date of its existing loan to enCore to December 27, 2025, and will also provide a new additional cash facility of $3.6 million.

enCore Energy Corp. (NASDAQ:EU) has also received support from the increasing price of uranium, which has surged by more than 10% over the last three weeks.

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Disclosure: None.