Energy Fuels Announces Pricing of US$10.5 Million Underwritten Offering of Common Units

March 9, 2016

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Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) announced that it has entered into an Underwriting Agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation, Haywood Securities Inc. and Roth Capital Partners, LLC, under which the underwriters have agreed to buy on an underwritten basis 4,375,000 units, each Unit consisting of one common share and one half of one common share purchase warrant, at a price of US$2.40 per Unit for gross proceeds of US$10.5 million.

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.

Connect with Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) to receive an Investor Presentation.

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Category: Energy