Business
Energy Fuels Announces Closing of Upsized US$700.0 Million Convertible Senior Notes Offering and Full Exercise of Initial Purchasers' Option to Purchase Additional Notes
Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company") today announced the closing of its previously announced upsized offering of 0.75% Convertible Senior Notes due 2031 (the "Notes") for an aggregate principal amount of US$700.0 million (the "offering"), including the exercise in full by the initial purchasers of their option to purchase an additional US$100.0 million of Notes.
About this update from Energy Fuels Inc.
[{"type":"text","content":"DENVER, Oct. 3, 2025 /CNW/ - Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company") today announced the closing of its previously announced upsized offering of 0.75% Convertible Senior Notes due 2031 (the "Notes") for an aggregate principal amount of US$700.0 million (the "offering"), including the exercise in full by the initial purchasers of their option to purchase an additional US$100.0 million of Notes.","length":482,"tagName":"p"},{"type":"image","alt":"Energy Fuels Inc., a US-based uranium and rare earth elements producer. (CNW Group/Energy Fuels Inc.)","displaySize":"","headline":null,"caption":"Energy Fuels Inc., a US-based uranium and rare earth elements producer. (CNW Group/Energy Fuels Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":91,"url":"https://media.zenfs.com/en/cnwgroup.com/100b91f07de27ce542dbb52bbab19445"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/I.BBT8wNZf4WavyDvMeE0Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE2MDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/100b91f07de27ce542dbb52bbab19445","width":400,"height":91}},"href":"https://mma.prnewswire.com/media/2788953/Energy_Fuels_Inc__Energy_Fuels_Announces_Closing_of_Upsized_US_7.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Goldman Sachs & Co. LLC acted as sole book-running manager for the offering. Cantor acted as a lead manager and capped call coordinator for the offering. Morgan Stanley acted as a lead manager for the offering. BMO Capital Markets and Canaccord Genuity acted as co-managers for the offering.","length":301,"tagName":"p"},{"type":"text","content":"Energy Fuels' CEO, Mark Chalmers, commented "We are pleased to announce the completion of a significant financing milestone, as we capitalized on the robust market environment. We believe the convertible notes, with an attractive annual coupon of 0.75%, compare favorably to traditional debt financing. In addition, we purchased capped call options, which offset dilution for conversions at maturity until our share price has potentially doubled from the reference price of $15.35 per share.","length":510,"tagName":"p"},{"type":"text","content":"This strategic capital raise strengthens our balance sheet and enhances our ability...