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CAPITAL STOCK
 12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Capital Stock
CAPITAL STOCK
Authorized capital stock
The Company is authorized to issue an unlimited number of Common Shares without par value, unlimited Preferred Shares issuable in series, and unlimited Series A Preferred Shares. The Series A Preferred Shares are non-redeemable, non-callable, non-voting and with no right to dividends. The Preferred Shares issuable in series will have the rights, privileges, restrictions and conditions assigned to the particular series upon the Board of Directors approving their issuance.
Issued capital stock
The significant transactions relating to capital stock issued during 2019, 2018, and 2017 are:
a)
In the year ended December 31, 2019, the Company issued 8,043,365 Common Shares under the Company’s ATM offering for net proceeds of $19.68 million. In the year ended December 31, 2018, the Company issued 14,283,254 common shares under the Company’s ATM offering for net proceeds of $31.52 million. In the year ended December 31, 2017, the Company issued 7,202,479 common shares under the Company’s ATM for net proceeds of $14.15 million.
b)
On August 14, 2018, the Company issued 1.10 million shares with a value of $3.74 million to acquire a production royalty on its Nichols Ranch, Hank and Doughstick properties.
Share Purchase Warrants
The following table summarizes the Company’s share purchase warrants denominated in U.S. dollars. These warrants are accounted for as derivative liabilities as the functional currency of the entity issuing the warrants, Energy Fuels Inc., is Canadian dollars.
Month Issued
 
Expiry Date
 
Exercise Price
$
 
Warrants
Outstanding
 
Fair value at
December 31, 2019
September 2016 (1)
 
September 20, 2021
 
2.45

 
4,166,030

 
$
2,791


(1)
The warrants issued in September 2016 are classified as Level 1 under the fair value hierarchy (Note 20). Each warrant is exercisable until September 20, 2021 and entitles the holder thereof to acquire one common share upon exercise at an exercise price of $2.45 per common share. These warrants are accounted for as a derivative liability, as the functional currency of the entity issuing the warrant is Cdn$.
On March 14, 2019, 2,328,925 warrants issued in March 2016 expired unexercised.