Strategic Initiatives

Energy Fuels Inc. priced a $600 million private placement of 0.75% Convertible Senior Notes due 2031, upsized from $550 million due to strong investor interest. Net proceeds will fund rare earth separation expansion at the White Mesa Mill, development of the Donald rare earth project in Australia, and general corporate purposes. The notes are convertible into cash, shares, or a combination thereof, with an initial conversion price of $20.34 per share. The company also entered into capped call transactions to mitigate potential dilution.

Draganfly Inc. announced the partial exercise of the over-allotment option from its recent US$3.6 million public offering. Maxim Group LLC purchased an additional 100,000 common shares at US$2.09 per share, generating US$209,000. Proceeds will fund operations, growth initiatives, product development, and potential strategic acquisitions. The offering was executed under a prior shelf registration, with securities sold exclusively in the U.S.

Hydreight Technologies reported strong Q1 2025 results, with a 34% year-over-year revenue increase to $6.53 million. GAAP revenue reached $4.54 million, and gross margin and adjusted EBITDA improved. The company achieved net profitability, ending the quarter with $6.04 million in cash. New nurse signups and pharmacy orders grew significantly. Driven by its strategic initiatives, Hydreight is focused on expansion and profitability within the digital health sector.