Energy Fuels Inc. Files 8-K

TL;DR

Energy Fuels filed an 8-K on Dec 11 for a Dec 5 event. Details TBD.

AI Summary

Energy Fuels Inc. filed an 8-K on December 11, 2024, reporting an event that occurred on December 5, 2024. The filing is categorized under 'Other Events' and 'Financial Statements and Exhibits'. Specific details regarding the nature of these events or exhibits are not provided in the excerpt.

Why It Matters

This filing indicates a material event or change for Energy Fuels Inc., requiring disclosure to investors and the public.

Risk Assessment

Risk Level: low — The filing is a standard disclosure document and does not inherently indicate financial distress or significant negative events.

Key Numbers

• 001-36204 — SEC File Number (Identifies the company's registration with the SEC.)
• 0001385849 — Central Index Key (Unique identifier for the company in the SEC's EDGAR system.)

Key Players & Entities

• ENERGY FUELS INC. (company) — Registrant
• 0001385849 (company) — Central Index Key
• 001-36204 (company) — SEC File Number
• December 11, 2024 (date) — Filing Date
• December 5, 2024 (date) — Earliest Event Date
• 225 Union Blvd., Suite 600 (address) — Principal Executive Offices
• Lakewood, Colorado (location) — Principal Executive Offices Location
• 80228 (zip_code) — Principal Executive Offices Zip Code
• ( 303 ) 974-2140 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $80 million — o other) on mining products and deliver $80 million after Project Certification in developm
• $30 million — l project funding, including a total of $30 million within 30 days after Project Certificat
• $10 million — ys after Project Certification, another $10 million within 30 days after achieving a positi
• $40 million — ieving a positive FID and an additional $40 million by the fourth year of operations. In ad
• $1 million — he Company has agreed to spend at least $1 million prior to FID in the Atsimo Andrefana Re
• $4 million — n community and social investments, and $4 million annually thereafter, indexed at 2% per

Filing Documents

• form8k.htm (8-K) — 24KB
• 0001062993-24-020434.txt ( ) — 240KB
• efr-20241205.xsd (EX-101.SCH) — 5KB
• efr-20241205_cal.xml (EX-101.CAL) — 1KB
• efr-20241205_def.xml (EX-101.DEF) — 22KB
• efr-20241205_lab.xml (EX-101.LAB) — 46KB
• efr-20241205_pre.xml (EX-101.PRE) — 25KB
• form8k_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. On December 5, 2024, Energy Fuels Inc. (" Energy Fuels " or the " Company ") and the Republic of Madagascar (the " Government of Madagascar ") entered into a Memorandum of Understanding (the " MOU ") setting forth certain key terms applicable to the Company's Toliara titanium, zirconium and rare earth elements (" REE ") project (the " Toliara Project " or " Project ") located in southwestern Madagascar. As previously announced by the Company on November 28, 2024, the Madagascar Council of Ministers, as Chaired by the President of Madagascar, lifted the suspension on the Toliara Project (the " Suspension ") that was originally imposed in November 2019. The lifting of the Suspension allows the Company to continue development of the Project, reestablish community programs and advance activities necessary to achieve a positive final investment decision (" FID "). While the Company is progressing towards an FID, which is expected to be made within approximately 14 months, the Company expects to continue working with the Government of Madagascar to formalize the terms and conditions set out in the MOU through the implementation of a "Stability Mechanism" consisting of one or a combination of the following: (a) submittal of an Investment Agreement to the Parliament of Madagascar (" Parliament ") for approval as law and certification of the Toliara Project (" Project Certification ") under existing law, establishing a special regime for large-scale investments in the Malagasy mining sector (the " LGIM "); (b) promulgation of amendments and revisions to the existing LGIM (the " LGIM Amendment ") in a form that provides for the necessary certainty of financial and legal terms and reasonable financial, operational and legal requirements for large-scale mining projects, then have Project Certification under the amended LGIM, together with an Investment Agreement (if reasonably required) submitted to the Parliament for approval as law; and/or (c) anot

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains certain "forward looking information" and "forward-looking statements" within the meaning of applicable United States and Canadian securities legislation (collectively, "forward-looking statements"), which may include, but are not limited to, statements with respect to: any expectation that the Company will re-commence development activities at the Toliara Project, re-establish the Company's community programs or progress the other activities necessary to achieve a positive FID for the Toliara Project; any expectation that the Company and/or the Government of Madagascar will successfully formalize fiscal and other terms applicable to the Project through an investment agreement, amendments to existing laws or other mechanisms as appropriate and on terms acceptable to both parties; any expectation that REE production will be added to the existing mining permit; any expectation that the financial and legal stability of the Toliara Project will be maintained; any expectation that the Toliara Project will attain Project Certification or that the other conditions to the Company's funding obligations will be satisfied; any expectation that a positive FID will be made for the Toliara Project and the timing of any such positive FID; and any expectation that the Toliara Project will be developed. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "budgets," "scheduled," "estimates," "forecasts," "intends," "anticipates," "does not anticipate," or "believes," or variations of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, herein are considered to be forward-looking statements. Forward-looking state

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENERGY FUELS INC. (Registrant) Dated: December 11, 2024 By: /s/ David C. Frydenlund David C. Frydenlund Executive Vice President, Chief Legal Officer and Corporate Secretary 4

View Full Filing

View this 8-K filing on SEC EDGAR