---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-26-000754"
form_type: "8-K/A"
ticker: "UUUU"
cik: "0001385849"
company_name: "ENERGY FUELS INC"
filed_at: "2026-02-10T23:59:59+00:00"
generated_at: "2026-05-16T03:33:48.009415+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Energy Fuels closes $700M 0.75% convertible notes due 2031; proceeds for rare earth expansion

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-26-000754
- form_type: 8-K/A
- ticker: UUUU
- cik: 0001385849
- company_name: ENERGY FUELS INC
- filed_at: 2026-02-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385849/000106299326000754/0001062993-26-000754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385849/000106299326000754/form8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-26-000754
- JSON: https://secwatch.observer/filing/0001062993-26-000754.json
- Plain text: https://secwatch.observer/filing/0001062993-26-000754.txt

## Key facts
- Debt Financings
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385849/000106299326000754/0001062993-26-000754-index.htm
- Material Agreements
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385849/000106299326000754/0001062993-26-000754-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.