White Mesa Mill

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.