Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) announced that it intends to file tonight a preliminary prospectus supplement in both Canada and the United States to its Canadian short form base shelf prospectus and its U.S. registration statement on Form F-10, both of which were filed on April 9, 2014, in connection with an overnight marketed public offering of units of the Company, with each Unit comprised of one common share of the Company and one-half of one common share purchase warrant.

As quoted in the press release:

The current intention is to use the net proceeds of the Offering to:  (i) continue to fund wellfield construction at the Company’s Nichols Ranch Project in Wyoming; (ii) continue to finance the previously announced shaft sinking and evaluation at the Company’s high-grade Canyon mine project in Arizona; (iii) fund costs associated with the proposed acquisition of Mesteña Uranium, LLC announced earlier this week; (iv) fund the cash portion of the proposed acquisition of the remaining 40% of the Roca Honda Project announced last week; and (v) use any remaining funds for general corporate needs and working capital requirements.

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