XML 77 R19.htm IDEA: XBRL DOCUMENT v3.22.0.1
CAPITAL STOCK
 12 Months Ended
Dec. 31, 2021
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 issuable 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 2021, 2020, and 2019 are:
a)On February 20, 2020, the Company completed a bought deal public offering of 11,300,000 Common Shares at a price of $1.47 per share. The Company received net proceeds, after commissions and fees, of $15.14 million.
b)In the year ended December 31, 2021, the Company issued 16,627,512 Common Shares under the Company’s ATM offering for net proceeds of $106.21 million. In the year ended December 31, 2020, the Company issued 21,361,784 Common Shares under the Company’s ATM offering for net proceeds of $37.25 million. In the year ended December 31, 2019, the Company issued 8,043,365 Common Shares under the Company’s ATM for net proceeds of $19.68 million.

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 Cdn$.
Month IssuedExpiry DateExercise Price
$		Warrants
Outstanding		Fair value at
December 31, 2021
September 2016 (1)
September 20, 20212.45 — $— 

(1)The warrants issued in September 2016 are classified as Level 1 under the fair value hierarchy (Note 19). Each warrant was exercisable until September 20, 2021 and entitled 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 un-exercised.
On September 20, 2021, 149,807 warrants issued in September 2016 expired un-exercised.