Energy Fuels Announces Proposed $550M Private Offering Of Convertible Senior Notes Due 2031

Author: Benzinga Newsdesk | September 29, 2025 04:50pm

Energy Fuels Inc. ("Energy Fuels") (NYSE: UUUU) (TSX:EFR), a leading U.S. producer of uranium, rare earths, and critical minerals, today announced its intent to offer $550 million aggregate principal amount of Convertible Senior Notes due 2031 (the "notes") in a private placement (the "convertible notes offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Energy Fuels also intends to grant the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $82.5 million aggregate principal amount of notes. The convertible notes offering is subject to market and other conditions, and there can be no assurance as to whether or when the convertible notes offering may be completed, or as to the actual size or terms of the convertible notes offering.

The notes will be general senior unsecured obligations of Energy Fuels and will accrue interest payable semiannually in arrears. The notes will be convertible at the option of holders under certain conditions into cash, common shares of Energy Fuels ("common shares") or a combination of cash and common shares, at Energy Fuels' election. The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the convertible notes offering.

Posted In: TSX:EFR UUUU