Skip to main content

Verdera Energy Clears Key SEC Milestone | Janet Lee-Sheriff

Jimmy Connor Sep 15, 2026 13:52

Summary

Verdera Energy trades on TSX-V under V and OTCQB under VUECF after a February 2026 spin-out from enCore Energy focused on New Mexico uranium.

The company holds four New Mexico projects totaling 88 million pounds of historical resource, with 25 million pounds at Crown Point-Posta Butte already meeting modern 43-101 standards.

enCore Energy will distribute 35 million Verdera shares to its shareholders following SEC effectiveness of the Form F-1, with a record date of September 25, 2026.

Verdera owns what it calls the largest uranium drill database in New Mexico at roughly 200,000 logs, covering over 90% of historical drilling in the state.

A 43-101 at West Largo is targeted for end of 2026, with in-situ recovery (ISR — fluid-based uranium extraction that avoids underground mining) flagged as the preferred development pathway.

Janet Lee-Sheriff's takeaways

  • Top takeaway Janet argues US nuclear independence cannot be achieved without New Mexico uranium, citing the Grants Energy Belt's roughly 300 million pounds historically produced, about 500 million pounds known today, and an additional 500 million pounds estimated by the UPA and the state.
  • She frames in-situ recovery as the technology that finally lets New Mexico re-enter production responsibly after the multi-generational scarring from underground uranium mining combined with smoking.
  • She positions the 200,000-hole database as a long-term shareholder value-creation asset, with potential for joint ventures, spin-outs, and data monetization beyond Verdera's own four projects.
  • Near-term catalysts she flags: a West Largo 43-101 by end of 2026, news flow on Ambrosia Lake (where she says BHP holds the northern part and Verdera the southern part), and an upcoming strategy session on launching a pilot ISR project.
  • Janet is deliberately pursuing a slow, community-led permitting path and points to Grants Energy's 300 million pound ISR resource as evidence the New Mexico uranium thesis is attracting fresh activity from multiple operators.