Exhibit 99.120 

Note: [01 Mar 2017] – The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative.

FORM 13-501F1

CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I, Carrie Mierkey, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.

signed	“Carrie Mierkey”	April 29, 2022
Name:	Carrie Mierkey	Date:
Title:	Chief Financial Officer

Reporting Issuer Name:	enCore Energy Corp.
End date of previous financial year:	December 31, 2021

Type of Reporting Issuer: ☒ Class 1 Reporting Issuer ☐ Class 3B Reporting Issuer

Highest Trading Marketplace: TSX Venture Exchange

Market value of listed or quoted equity securities:

Equity Symbol EU

1st Specified Trading Period (dd/mm/yy) 01/01/21 to 31/03/21

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace		$	1.0500	(i)
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period			187,396,782	(ii)
Market value of class or series	(i) x (ii)	$	196,766,621.1	(A)

2nd Specified Trading Period (dd/mm/yy) 01/04/21 to 30/06/21

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace		$	1.4100	(iii)
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period			188,919,085	(iv)
Market value of class or series	(iii) x (iv)	$	266,375,909.85	(B)

3rd Specified Trading Period (dd/mm/yy) 01/07/21 to 30/09/21

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace		$	1.7000	(v)
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period			200,296,303	(vi)
Market value of class or series	(v) x (vi)	$	340,503,715.1	(C)

4th Specified Trading Period (dd/mm/yy) 01/10/21 to 31/12/21

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace		$	1.6000	(vii)
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period			296,708,079	(viii)
Market value of class or series	(vii) x (viii)	$	474,732,926.4	(D)

5th Specified Trading Period (dd/mm/yy) to

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace		$	(ix)
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period			(x)
Market value of class or series	(ix) x (x)	$	(E)

Average Market Value of Class or Series
(Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above))	$	319,594,793.11	(1)

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:

(Provide details of how value was determined)		$		(2)
Capitalization for the previous financial year	(1) + (2)	$	319,594,793.11
Participation Fee		$	14,000.0000
Late Fee, if applicable		$
Total Fee Payable		$	14,000.0000
(Participation Fee plus Late Fee)