1、 enCore Energy Corp.CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31,2018 AND 2017(Expressed in Canadian dollars)INDEPENDENT AUDITORS REPORT To the Shareholders of enCore Energy Corp.Opinion We have audited the accompanying consolidated financial statements of enCore Energy Corp.(th
2、e“Company”),which comprise the consolidated statements of financial position as at December 31,2018 and 2017,and the consolidated statements of loss and comprehensive loss,changes in shareholders equity,and cash flows for the years then ended,and notes to the consolidated financial statements,includ
3、ing a summary of significant accounting policies.In our opinion,these consolidated financial statements present fairly,in all material respects,the financial position of the Company as at December 31,2018 and 2017,and its financial performance and its cash flows for the years then ended in accordanc
4、e with International Financial Reporting Standards(“IFRS”).Basis for Opinion We conducted our audits in accordance with Canadian generally accepted auditing standards.Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Consolidated F
5、inancial Statements section of our report.We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in Canada,and we have fulfilled our other ethical responsibilities in accordance with these requirements.We
6、believe that the audit evidence we have obtained in our audits is sufficient and appropriate to provide a basis for our opinion.Material Uncertainty Related to Going Concern We draw attention to Note 1 of the consolidated financial statements,which indicates that the Company incurred a net loss of$4