<SEC-DOCUMENT>0001062993-18-003466.txt : 20180816
<SEC-HEADER>0001062993-18-003466.hdr.sgml : 20180816
<ACCEPTANCE-DATETIME>20180816102025
ACCESSION NUMBER:		0001062993-18-003466
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180810
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20180816
DATE AS OF CHANGE:		20180816

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENERGY FUELS INC
		CENTRAL INDEX KEY:			0001385849
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36204
		FILM NUMBER:		181022572

	BUSINESS ADDRESS:	
		STREET 1:		225 UNION BLVD., SUITE 600
		CITY:			LAKEWOOD
		STATE:			CO
		ZIP:			80228
		BUSINESS PHONE:		303-974-2140

	MAIL ADDRESS:	
		STREET 1:		225 UNION BLVD., SUITE 600
		CITY:			LAKEWOOD
		STATE:			CO
		ZIP:			80228
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
   <TITLE>Energy Fuels Inc. - Form 8-K - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES</FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B><BR>Washington, D.C.
20549</P>
<P align=center><B><FONT size=5>FORM 8-K</FONT></B></P>
<P align=center><B>CURRENT REPORT</B></P>
<P align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 </B></P>
<P align=center>Date of Report (Date of earliest event reported): <B><U>August
10, 2018 </U></B></P>
<P align=center><B><U><FONT size=5>ENERGY FUELS INC.</FONT></U></B><BR>(Exact
name of registrant as specified in its charter) </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><center>
      <B><U>Ontario </U></B>
    </center>    </TD>
    <TD align=left width="33%"><center>
      <B><U>001-36204 </U></B>
    </center>    </TD>
    <TD align=left width="33%"><center>
      <B><U>98-1067994 </U></B>
    </center>    </TD></TR>
  <TR vAlign=top>
    <TD align=left><center>
      (State or other jurisdiction of incorporation)
    </center></TD>
    <TD align=left width="33%"><center>
      (Commission File Number)
    </center></TD>
    <TD align=left width="33%"><center>
      (I.R.S. Employer
    </center></TD></TR>
  <TR vAlign=top>
    <TD align=left> <center>
    <p></p>
    </center>    </TD>
    <TD align=left width="33%"> <center>
    <p></p>
    </center>    </TD>
  <TD align=left width="33%"><center>
    Identification No.)
  </center></TD></TR></TABLE>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><center>
      <B>225 Union Blvd., Suite 600 </B>
    </center>    </TD>
    <TD align=left width="33%" > <center>
  <p></p>
  </center>  </TD></TR>
  <TR vAlign=top>
    <TD align=left><center>
      <B><U>Lakewood, Colorado </U></B>
    </center>    </TD>
    <TD align=left width="33%" ><center>
      <B><U>80228 </U></B>
    </center>    </TD></TR>
  <TR vAlign=top>
    <TD align=left><center>
      (Address of principal executive offices)
    </center></TD>
    <TD align=left width="33%" ><center>
      (Zip Code)
    </center></TD></TR></TABLE>
<P align=center><B><U>(303) 974-2140</U></B><BR>(Registrant&#146;s telephone number,
including area code) <BR></P>
<P align=center><B><U>N/A</U></B><BR>(Former name or former address, if changed
since last report) <BR></P>
<P align=justify>Check the appropriate box below if the Form 8-K is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions: </P>
<P align=justify>[&nbsp; &nbsp;] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425) </P>
<P align=justify>[&nbsp; &nbsp;] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a -12) </P>
<P align=justify>[&nbsp; &nbsp;] Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) </P>
<P align=justify>[&nbsp;&nbsp; ] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c)) </P>
<P align=justify>Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b -2
of this chapter). </P>
<P align=left>Emerging growth company<B> </B>[X] </P>
<P align=justify>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. [&nbsp;&nbsp; ] </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=justify><B>Item 3.02 Unregistered Sales of Equity Securities </B></P>
<P align=justify>On August 14, 2018, Energy Fuels Inc. (the &#147;Company&#148;) completed
the transactions contemplated by the Asset Purchase Agreement, dated June 22,
2018, among the Company, Excalibur Industries (&#147;Excalibur&#148;) and EFR Services LLC
(&#147;EFR&#148;). The Company acquired royalties in the Company&#146;s Nichols Ranch <I>in
situ</I> recovery project in Wyoming, as well as royalties on several operating,
standby and advanced-stage <I>in situ</I> recovery projects in Wyoming owned and
operated by Power Resources, Inc., a wholly-owned subsidiary of Cameco
Corporation (collectively, the &#147;Royalties&#148;). </P>
<P align=justify>As consideration for the Royalties, the Company issued to
Excalibur 1,102,840 common shares of the Company, of which 107,221 common shares
are being held in escrow and will be released on February 14, 2019, subject to
adjustments. The common shares were issued pursuant to an exemption from
registration under Section 4(a)(2) of the United States Securities Act of 1933,
as amended and under an exemption under the applicable state securities
laws.</P>
<P align=justify>The Company also paid $22,971.23 in cash to Excalibur, which
was based on the aggregate amount payable to Excalibur and its subsidiaries
pursuant to the Royalties as of August 14, 2018 and based on certain closing
adjustments.</P>
<P align=justify><B>Item 8.01 Other Events. </B></P>
<P align=justify>On August 10, 2018, the Company provided notice to the State of
Wyoming that it intends to repay and retire the entire outstanding principal
balance of its Wyoming Industrial Development Revenue Bond (the &#147;Wyoming Debt&#148;)
within the next 30 to 60 days. The Wyoming Debt, which is secured by the
Company&#146;s Nichols Ranch <I>in situ</I> recovery project, currently has a
principal balance of $8.3 million.</P>
<P align=center>2 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=center><B>SIGNATURES </B></P>
<P align=justify>Pursuant to the requirements of the Securities Exchange Act of
1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%"><B>ENERGY FUELS INC.</B> </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">(Registrant) </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>Dated: August 16, 2018 </TD>
    <TD align=left width="50%">By: <U><I>/s/ </I>David C.
      Frydenlund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </U></TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">David C. Frydenlund </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">Chief Financial Officer, General Counsel </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">and Corporate Secretary </TD></TR></TABLE>
<P align=center>3 </P>
<HR align=center width="100%" color=black noShade SIZE=5>

</BODY>

</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
