X0202 SCHEDULE 13G/A 0001304857 XXXXXXXX LIVE 6 Common Shares, no par value 03/31/2026 0001500881 enCore Energy Corp. 29259W700 One Galleria Tower, 13355 Noel Road Suite 1700 Dallas TX 75240 Rule 13d-1(c) MMCAP International Inc. SPC E9 0.00 8874682.00 0.00 8874682.00 8874682.00 N 4.5 OO Segregated portfolio company MM Asset Management Inc. A6 0.00 8874682.00 0.00 8874682.00 8874682.00 N 4.5 CO enCore Energy Corp. One Galleria Tower, 13355 Noel Road Suite 1700 Dallas, TX, 75240 This Schedule 13G is filed by the following (the "Reporting Persons"): (1) MMCAP International Inc. SPC (the "Fund"); and (2) MM Asset Management Inc. (the "Adviser"). The Fund is a private investment vehicle. The Fund directly beneficially owns the Common Shares reported in this Statement. The Adviser is the investment manager of the Fund. The Adviser may be deemed to beneficially own the Common Shares directly beneficially owned by the Fund. Each Reporting Person disclaims beneficial ownership with respect to any Common Shares other than the Common Shares directly beneficially owned by such Reporting Person. The principal business office of the Fund is c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman, KY1-1108, Cayman Islands. The principal business office of the Adviser is 161 Bay Street, TD Canada Trust Tower Suite 2240, Toronto, ON M5J 2S1 Canada. For citizenship or place of organization see Item 4 of the cover page of each Reporting Person. Y See Item 9 on the cover page for each Reporting Person, and Item 2, which information is given as of the close of business on the Event Date of March 31, 2026 (and which includes 4,163,436 Common Shares, and an additional 4,711,246 Common Shares underlying notes that are convertible within 60 days). See Item 11 on the cover page for each Reporting Person. The percentages of beneficial ownership contained herein are based on: (x) 194,216,153 Common Shares outstanding as of March 28, 2026 as reported in the Issuer's Form 10-K filed with the SEC on March 31, 2026; and (y) an additional 4,711,246 Common Shares underlying the notes described above. See Item 5 on the cover page for each Reporting Person. See Item 6 on the cover page for each Reporting Person. See Item 7 on the cover page for each Reporting Person. See Item 8 on the cover page for each Reporting Person. N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. MMCAP International Inc. SPC /s/ Ulla Vestergaard 05/15/2026 MM Asset Management Inc. /s/ Hillel Meltz 05/15/2026