ENERGY FUELS INC (UUUU): debt financing — Energy Fuels closes $700M 0.75% convertible notes due 2031; proceeds for rare earth expansion

ENERGY FUELS INC

Issued $700M aggregate principal of 0.75% Convertible Senior Notes due Nov 1, 2031; net proceeds ~$674.6M.
Initial conversion price ~$20.34 per share (32.5% premium to Sept 30, 2025 closing price).
Proceeds to fund ~$53.55M capped call cost and development of Phase 2 rare earth circuit at White Mesa Mill and Donald project in Australia.
Capped call transactions cover initial underlying shares with cap initially at $30.70 per share.
Interest payable semiannually starting May 1, 2026; notes redeemable at Company's option after Nov 6, 2028 if stock price ≥130% of conversion price.

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 0.95

ENERGY FUELS INC incurred convertible notes of $600.0 million aggregate principal amount with Goldman Sachs & Co. LLC at 0.75% per year maturing November 1, 2031.

Instrument: convertible notes
Principal: $600.0 million aggregate principal amount
Counterparty: Goldman Sachs & Co. LLC
Rate: 0.75% per year
Maturity: November 1, 2031
Event: incurrence

Exact text from the filing

On September 30, 2025, Energy Fuels Inc. (the "Company") entered into a purchase agreement (the "Purchase Agreement") with Goldman Sachs & Co. LLC., as representative of the several initial purchasers listed therein (collectively, the "Purchasers"), relating to the issuance and sale of $600.0 million aggregate principal amount of its 0.75% Convertible Senior Notes due 2031 (the "notes").

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENERGY FUELS INC entered into Purchase Agreement with Goldman Sachs & Co. LLC., as representative of the several initial purchasers valued at $600.0 million aggregate principal amount (effective 2025-09-30).

Action: entry
Agreement: notes offering
Counterparty: Goldman Sachs & Co. LLC., as representative of the several initial purchasers
Value: $600.0 million aggregate principal amount
Effective: 2025-09-30

Exact text from the filing

On September 30, 2025, Energy Fuels Inc. (the "Company") entered into a purchase agreement (the "Purchase Agreement") with Goldman Sachs & Co. LLC., as representative of the several initial purchasers listed therein (collectively, the "Purchasers"), relating to the issuance and sale of $600.0 million aggregate principal amount of its 0.75% Convertible Senior Notes due 2031 (the "notes").

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ENERGY FUELS INC filing history →

Source: SEC EDGAR

accession 0001062993-26-000754

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