ENERGY FUELS INC (UUUU): debt financing — Energy Fuels prices $700M convertible notes at 0.75% due 2031; net proceeds ~$674.6M for rare earth projects

ENERGY FUELS INC

Issued $700M aggregate principal of 0.75% Convertible Senior Notes due Nov 1, 2031.
Initial conversion price ~$20.34 per share, a 32.5% premium over Sept 30, 2025 closing price of UUUU.
Net proceeds of ~$674.6M after discounts, fees, and ~$53.55M for capped call transactions.
Funds to be used for Phase 2 rare earth separations expansion at White Mesa Mill and Donald heavy mineral sands project in Australia.
Capped call transactions entered to reduce dilution upon conversion, with cap price of $30.70 per share.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ENERGY FUELS INC incurred convertible notes of $700.0 million aggregate principal amount with Goldman Sachs & Co. LLC., as representative of the several initial purchasers at 0.75% per year maturing November 1, 2031.

Instrument: convertible notes
Principal: $700.0 million aggregate principal amount
Counterparty: Goldman Sachs & Co. LLC., as representative of the several initial purchasers
Rate: 0.75% per year
Maturity: November 1, 2031
Event: incurrence

Exact text from the filing

additional $100.0 million aggregate principal amount of notes, which the Purchasers exercised in full on October 1, 2025. The closing occurred on October 3, 2025, and a total of $700.0 million aggregate principal amount of notes were issued. Net proceeds of the offering will be approximately $674.6 million, after deducting the Purchasers' discounts and commissions and

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Source: SEC EDGAR

accession 0001062993-25-015938

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