Batch file getting "The system cannot find the path specified"

I have been working on helping to resolve a batch file error per the title. It is attempting to run an .exe and output a file to a UNC, but keeps failing to find path specified.

"C:\program files\gnupg\gpg.exe" --recipient "TU_MFT_PRD_2025" --output "\\servername\folder\data\folder\crfolder\TU\logs\ps.edtin.bmtg.php" --encrypt "\\serverfolder\data\folder\cb\TU\trnu.fil" pause

I did not write this, and do not have much experience to find a solution. Is there anything that could be missing in the code to address the issue?