Energy Fuels sells remaining $20M enCore note for $22.4M, closing Alta Mesa sale proceeds

ENERGY FUELS INC

Sold $20M convertible note plus $1.5M accrued interest from enCore for $22.4M, less $100K broker commission.
enCore previously paid $40M principal and $1.8M interest, bringing total Alta Mesa consideration to $62.4M.
Company has now received payment in full for the Alta Mesa ISR project sale; no further consideration owed.
Note sale price includes premium over remaining principal plus accrued interest.
Transaction completes partial consideration structure from February 2023 Alta Mesa sale.

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