ENERGY FUELS INC (UUUU): M&A transaction — Energy Fuels sells Alta Mesa ISR Project to enCore for $60M cash and $60M convertible note

ENERGY FUELS INC

Consideration: $60M cash plus $60M secured convertible note (8% interest, 2-year maturity).
Note convertible at $2.9103/share, a 20% premium to enCore's 10-day VWAP before closing.
Conversion limited to $10M principal per 30-day period unless block trade.
enCore to replace reclamation bonds, resulting in additional $3.6M cash return to Energy Fuels.
Transaction closed February 14, 2023; subsidiaries held Alta Mesa ISR Project.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ENERGY FUELS INC completed a disposition involving enCore Energy Corp. for $60 million in cash and $60 million in a secured convertible note (closed 2023-02-14).

Action: disposition
Counterparty: enCore Energy Corp.
Consideration: $60 million in cash and $60 million in a secured convertible note
Closing: 2023-02-14

Exact text from the filing

"Purchase Agreement") by and among EFR, encore and enCore Energy US Corp. Under the Purchase Agreement the consideration received by the Company, through EFR, consisted of: (i) $60 million in cash and (ii) $60 million in a secured convertible note (the "Note"), which matures two years from the closing of the Transaction, bearing annual interest of eight percent

View on SEC.gov

30 m&a transactions filed in the last 30 days. Browse all m&a transactions →

ENERGY FUELS INC filing history →

Source: SEC EDGAR

accession 0001062993-23-004159

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.