UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 16, 2020 (June, 11 2020)
ENERGY FUELS INC.
(Exact Name of Registrant as Specified in Charter)
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Ontario |
| 001-36204 |
| 98-1067994 |
(State or Other Jurisdiction of Incorporation) |
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| (I.R.S. Employer Identification No.) |
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225 Union Blvd., Suite 600
Lakewood, Colorado
80228
(Address of Principal Executive Offices, and Zip Code)
(303)974-2140
Registrant's Telephone Number, Including Area Code
N/A
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Shares | UUUU | NYSE American LLC |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | ||
Item 8.01. Other Events.
On June 11, 2020, Energy Fuels Inc. (the "Corporation"), announced that it delivered a notice of redemption to the holders of the Corporation's outstanding floating rate convertible unsecured subordinated debentures due December 31, 2020 (CUSIP 928640) (the "Debentures") announcing its intention to redeem on July 14, 2020 an aggregate principal amount of Cdn$10,430,000 of the Cdn$20,860,000 Debentures outstanding in accordance with the terms of the amended and restated convertible debenture indenture governing the Debentures dated August 4, 2016 among the Corporation, BNY Trust Company of Canada and The Bank of New York Mellon (the "Indenture"). The record date for determining the holders of the Debentures to be redeemed will be July 8, 2020.
The Debentures are redeemable at a payment price of Cdn$1,013.26 for each Cdn$1,000 principal amount of Debentures, being equal to the aggregate of (i) Cdn$1,010.00 and (ii) all accrued and unpaid interest thereon, up to but excluding the date of redemption, July 14, 2020. The Debentures will be redeemed on a pro rata basis to the nearest multiple of Cdn$1,000 in accordance with the principal amount of the Debentures registered in the name of each holder, or in such other manner as deemed equitable, subject to any applicable regulatory approvals.
Following the partial redemption, the remaining aggregate principle amount of the Debentures will remain outstanding and will continue to be subject to the terms of the Indenture and remain listed on the Toronto Stock Exchange.
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.
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| ENERGY FUELS INC. |
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Dated: June 16, 2020 | By: /s/ David C. Frydenlund Chief Financial Officer, General Counsel and Corporate Secretary |
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