XML 83 R18.htm IDEA: XBRL DOCUMENT v3.25.0.1
BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Income (Loss) Per Common Share BASIC AND DILUTED NET INCOME (LOSS) PER COMMON SHARE
The following is a reconciliation of weighted average common shares outstanding:
Years Ended December 31,
202420232022
Issued shares at beginning of period162,659,155 157,682,531 156,262,199 
Effect of shares issued for:
Stock options exercised47,737 105,819 155,509 
Settlement of vesting of restricted stock units235,884 290,390 335,546 
Settlement of exercises of stock appreciation rights86,341 120,291 2,679 
Consulting services— 42,202 16,064 
ATM program691,638 865,806 571,253 
Acquisition of intangible assets121,107 — — 
Joint venture interests185,821 — — 
Acquisition of Base Resources7,936,638 — — 
Weighted average common shares outstanding171,964,321 159,107,039 157,343,250 
Basic and diluted income (loss) per common share
The calculation of basic and diluted income (loss) per share after adjustment for the effects of all potential dilutive common shares, calculated as follows:
 Years Ended December 31,
 202420232022
Net income (loss) attributable to Energy Fuels Inc.$(47,765)$99,862 $(59,849)
Basic weighted average common shares outstanding171,964,321 159,107,039 157,343,250 
Dilutive impact of stock options and restricted stock units— 1,047,001 — 
Diluted weighted average common shares outstanding171,964,321 160,154,040 157,343,250 
Basic net income (loss) per common share$(0.28)$0.63 $(0.38)
Diluted net income (loss) per common share$(0.28)$0.62 $(0.38)

For the years ended December 31, 2024, 2023 and 2022, a weighted average of 1.96 million, 0.11 million and 0.06 million, respectively, stock options and RSUs have been excluded from the calculation of diluted net income (loss) per common share as their effect would have been anti-dilutive. In addition, the Company excluded stock appreciation rights (“SARs”) of 1.02 million, 1.85 million, and 2.45 million for the years ended December 31, 2024, 2023 and 2022, respectively as they are contingently issuable based on specified market prices of the Company’s Common Shares, which were not achieved as of the end of each period. Additionally, for the year ended December 31, 2024, a weighted average of 0.19 million Common Shares contingently issuable upon achieving the initial production milestone as part of the Company's acquisition of RadTran that have been excluded from the calculation of diluted net income (loss) per common share as their effect would have been anti-dilutive. See Note 3 – Transactions for more information.