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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure    
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table sets forth (i) the total and average total compensation set forth in the Summary Compensation Table (“SCT”) for the former CEO and the other NEOs as a group, respectively; (ii) the total and average total compensation actually paid (“CAP”) for the former CEO and the other NEOs as a group, respectively; (iii) the Company’s cumulative TSR (“Cumulative TSR”) and the cumulative TSR (“Peer Group Cumulative TSR”) of our Item 402(v) peer group (“PVP Peer Group”); and (iv) Net Income, for the previous two years. The Compensation Committee does not use CAP as a basis for making compensation decisions. Further, the Company does not use financial performance measures to link compensation actually paid to the NEOs to Company performance. For this reason, we have omitted disclosure related to a “Company-Selected Measure.”
 
             
  
 
     
 
       
 
       
 
       
 
    
Value of initial fixed $100
investment based on:
       
 
 
Year
(1)
  
Summary
Compensation
Table Total for
PEO
($)
    
Compensation
Actually Paid
to PEO
($)
(2)
    
Average
summary
compensation
table total for
non-PEO

NEOs
($)
(3)
    
Average
compensation
actually paid
to
non-PEO

NEOs
($)
(2)
    
Total
Shareholder
Return
($)
(4)
    
Peer Group
Total
Shareholder
Return
($)
(4)
    
Net
Income
($)
 
2024
     1,080,991        934,975        694,818        625,421        123        132        (67,993
2023
     1,930,208        2,534,761        340,872        531,959        143        142        (25,611
(1)
Mr. Goranson was PEO for 2023 and 2024. Messrs. Sherriff and Luthiger and Dr. Stover were
non-PEO
NEOs since 2023. Mr. Willette and Ms. Wilson were
non-PEO
NEOs for 2024.
(2)
Represents CAP for our PEO and Average CAP for our
non-PEO
NEOs as a group, as determined in accordance with Item 402(v) and does not reflect the compensation ultimately earned or realized by our PEO or
non-PEO
NEOs.
(3)
Reflects the average SCT and CAP “Total Compensation” of each of the
non-PEO
NEOs (determined as set forth below).
(4)
Pursuant to SEC rules, the Total Shareholder Return (“TSR”) figure assumes a fixed investment of $100 on January 20, 2023 (our first trading day on the Nasdaq). The TSR is cumulative total shareholder returns for enCore, and the comparison assumes all dividends have been reinvested (if any). The returns of each company in the peer group have been weighted to reflect their market capitalization. The peer group includes Boss, Centrus Energy Corp., Denison Mines Corp., Energy Fuels, Inc., IsoEnergy, Ltd., Paladin Energy Limited, Peninsula Energy Limited, Uranium Energy Corp. and Ur-Energy Inc.
Reconciliations of SCT Total Compensation to CAP Total Compensation for our PEO and Average SCT Total Compensation to Average CAP Total Compensation for our
non-PEO
NEOs is shown below.
Adjustments to Determine CAP for PEO
 
     
Covered Fiscal Year
(i)
  
2024
($)
   
2023
($)
 
SCT Total for PEO
  
 
1,080,991
 
 
 
1,930,208
 
Equity Adjustments
(ii)
  
 
 
 
 
 
 
 
Subtract fair value (as of grant date) reported in the “Stock Awards” and “Option Awards” columns in the SCT for the covered fiscal year
  
 
(708,875
 
 
(440,828
Add fair value (as of end of year) of equity awards granted during the covered fiscal year that remain unvested as of year end
  
 
391,274
 
 
 
726,774
 
Add fair value (as of vesting date) of equity awards granted during the covered fiscal year that vest during the covered year
  
 
117,213
 
 
 
246,191
 
Add the change in fair value from the prior
year-end
to the covered fiscal
year-end
for equity awards granted in prior fiscal years that remain outstanding and unvested at the end of the covered fiscal year
  
 
(36,843
 
 
90,531
 
Add the change in fair value from the prior
year-end
to vesting date for equity awards granted in prior fiscal years that vested during covered fiscal year
  
 
91,216
 
 
 
(18,115
Total Adjustments
  
 
(146,015
 
 
604,553
 
CAP Total for PEO
  
 
934,975
 
 
 
2,534,761
 
Adjustments to Determine Average CAP for
Non-PEO
Named Executive Officers as a Group
 
     
Covered Fiscal Year
(i)
  
2024
($)
   
2023
($)
 
Average SCT Total for
Non-PEO
NEOs
     694,818       340,872  
Equity Adjustments
(ii)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtract fair value (as of grant date) reported in the “Stock Awards” and “Option Awards” columns in the SCT for the covered fiscal year
     (326,673     (137,759
Add fair value (as of end of year) of equity awards granted during the covered fiscal year that remain unvested as of year end
     169,318       227,117  
Add fair value (as of vesting date) of equity awards granted during the covered fiscal year that vest during the covered year
     52,929       76,935  
Add the change in fair value from the prior
year-end
to the covered fiscal
year-end
for equity awards granted in prior fiscal years that remain outstanding and unvested at the end of the covered fiscal year
     (11,514     29,199  
Add the change in fair value from the prior
year-end
to vesting date for equity awards granted in prior fiscal years that vested during covered fiscal year
     46,542       (4,404
Total Adjustments
     (69,397     191,087  
CAP Total for
Non-PEO
NEOs
     625,421       531,959  
(i)
For all years, (a) there was no pension value attributable to “service cost” or “prior service cost”, (b) no awards granted during a year were also forfeited during the same year, (c) no awards were modified creating any incremental fair value expense and (d) no dividends or earnings were paid on any equity awards.
(ii)
The fair value or incremental fair value of all incentive equity awards is determined in accordance with ASC 718, “Compensation – Stock Compensation,” generally using the same methodology and assumptions the Company uses for financial reporting purposes when determining the grant date fair value of our equity awards reflected in the Summary Compensation Table; provided, in order to properly value option awards using the Black-Scholes model we use for the grant date fair value, we made appropriate adjustments to the grant date assumptions to reflect changes in the model’s inputs as of each measurement date.
 
Named Executive Officers, Footnote
(1)
Mr. Goranson was PEO for 2023 and 2024. Messrs. Sherriff and Luthiger and Dr. Stover were
non-PEO
NEOs since 2023. Mr. Willette and Ms. Wilson were
non-PEO
NEOs for 2024.
 
Peer Group Issuers, Footnote Pursuant to SEC rules, the Total Shareholder Return (“TSR”) figure assumes a fixed investment of $100 on January 20, 2023 (our first trading day on the Nasdaq). The TSR is cumulative total shareholder returns for enCore, and the comparison assumes all dividends have been reinvested (if any). The returns of each company in the peer group have been weighted to reflect their market capitalization. The peer group includes Boss, Centrus Energy Corp., Denison Mines Corp., Energy Fuels, Inc., IsoEnergy, Ltd., Paladin Energy Limited, Peninsula Energy Limited, Uranium Energy Corp. and Ur-Energy Inc.  
PEO Total Compensation Amount $ 1,080,991 $ 1,930,208
PEO Actually Paid Compensation Amount $ 934,975 2,534,761
Adjustment To PEO Compensation, Footnote
Adjustments to Determine CAP for PEO
 
     
Covered Fiscal Year
(i)
  
2024
($)
   
2023
($)
 
SCT Total for PEO
  
 
1,080,991
 
 
 
1,930,208
 
Equity Adjustments
(ii)
  
 
 
 
 
 
 
 
Subtract fair value (as of grant date) reported in the “Stock Awards” and “Option Awards” columns in the SCT for the covered fiscal year
  
 
(708,875
 
 
(440,828
Add fair value (as of end of year) of equity awards granted during the covered fiscal year that remain unvested as of year end
  
 
391,274
 
 
 
726,774
 
Add fair value (as of vesting date) of equity awards granted during the covered fiscal year that vest during the covered year
  
 
117,213
 
 
 
246,191
 
Add the change in fair value from the prior
year-end
to the covered fiscal
year-end
for equity awards granted in prior fiscal years that remain outstanding and unvested at the end of the covered fiscal year
  
 
(36,843
 
 
90,531
 
Add the change in fair value from the prior
year-end
to vesting date for equity awards granted in prior fiscal years that vested during covered fiscal year
  
 
91,216
 
 
 
(18,115
Total Adjustments
  
 
(146,015
 
 
604,553
 
CAP Total for PEO
  
 
934,975
 
 
 
2,534,761
 
 
Non-PEO NEO Average Total Compensation Amount $ 694,818 340,872
Non-PEO NEO Average Compensation Actually Paid Amount $ 625,421 531,959
Adjustment to Non-PEO NEO Compensation Footnote
Adjustments to Determine Average CAP for
Non-PEO
Named Executive Officers as a Group
 
     
Covered Fiscal Year
(i)
  
2024
($)
   
2023
($)
 
Average SCT Total for
Non-PEO
NEOs
     694,818       340,872  
Equity Adjustments
(ii)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtract fair value (as of grant date) reported in the “Stock Awards” and “Option Awards” columns in the SCT for the covered fiscal year
     (326,673     (137,759
Add fair value (as of end of year) of equity awards granted during the covered fiscal year that remain unvested as of year end
     169,318       227,117  
Add fair value (as of vesting date) of equity awards granted during the covered fiscal year that vest during the covered year
     52,929       76,935  
Add the change in fair value from the prior
year-end
to the covered fiscal
year-end
for equity awards granted in prior fiscal years that remain outstanding and unvested at the end of the covered fiscal year
     (11,514     29,199  
Add the change in fair value from the prior
year-end
to vesting date for equity awards granted in prior fiscal years that vested during covered fiscal year
     46,542       (4,404
Total Adjustments
     (69,397     191,087  
CAP Total for
Non-PEO
NEOs
     625,421       531,959  
(i)
For all years, (a) there was no pension value attributable to “service cost” or “prior service cost”, (b) no awards granted during a year were also forfeited during the same year, (c) no awards were modified creating any incremental fair value expense and (d) no dividends or earnings were paid on any equity awards.
(ii)
The fair value or incremental fair value of all incentive equity awards is determined in accordance with ASC 718, “Compensation – Stock Compensation,” generally using the same methodology and assumptions the Company uses for financial reporting purposes when determining the grant date fair value of our equity awards reflected in the Summary Compensation Table; provided, in order to properly value option awards using the Black-Scholes model we use for the grant date fair value, we made appropriate adjustments to the grant date assumptions to reflect changes in the model’s inputs as of each measurement date.
 
Compensation Actually Paid vs. Total Shareholder Return
Relationship between CAP, the Company’s Cumulative TSR and its Peer Group’s Cumulative TSR
The following graphic depicts the relationship of the CAP received by our PEO and other NEOs in 2023 and 2024 to the Company’s cumulative TSR and its Peer Group’s cumulative TSR.
 
LOGO
 
 
Compensation Actually Paid vs. Net Income
Relationship between CAP and Company Net Income over FY 2023 to 2024
The following graphic depicts the relationship of the CAP received by our PEO and other NEOs in 2023 and 2024 to the Company’s Net Income.
 
LOGO
 
Total Shareholder Return Vs Peer Group
Relationship between CAP, the Company’s Cumulative TSR and its Peer Group’s Cumulative TSR
The following graphic depicts the relationship of the CAP received by our PEO and other NEOs in 2023 and 2024 to the Company’s cumulative TSR and its Peer Group’s cumulative TSR.
 
LOGO
 
 
Total Shareholder Return Amount $ 123 143
Peer Group Total Shareholder Return Amount 132 142
Net Income (Loss) $ (67,993) (25,611)
PEO Name Mr. Goranson  
PEO | Equity Awards Adjustments    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ (146,015) 604,553
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (708,875) (440,828)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 391,274 726,774
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (36,843) 90,531
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 117,213 246,191
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 91,216 (18,115)
Non-PEO NEO | Equity Awards Adjustments    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (69,397) 191,087
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (326,673) (137,759)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 169,318 227,117
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (11,514) 29,199
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 52,929 76,935
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ 46,542 $ (4,404)