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BASIC AND DILUTED NET INCOME (LOSS) PER COMMON SHARE
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Basic and Diluted Loss Per Common Share BASIC AND DILUTED NET INCOME (LOSS) PER COMMON SHARE
Basic and diluted net income (loss) per Common Share
The calculation of basic net income (loss) per common share and diluted net income (loss) per common share after adjustment for the effects of all potential dilutive Common Shares is as follows:
 Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
Net loss attributable to Energy Fuels Inc.$(16,736)$(12,060)$(64,845)$(14,839)
Basic weighted average common shares outstanding232,704,550 163,882,537 220,153,228 163,650,699 
Dilutive impact of stock options and restricted stock units— — — — 
Diluted weighted average common shares outstanding232,704,550 163,882,537 220,153,228 163,650,699 
Basic net loss per common share$(0.07)$(0.07)$(0.29)$(0.09)
Diluted net loss per common share$(0.07)$(0.07)$(0.29)$(0.09)
For the three months ended September 30, 2025 and 2024, a weighted average of 4.95 million and 1.71 million, respectively, stock options and restricted stock units (“RSUs”) have been excluded from the calculation of diluted net income per common share, as their effect would have been anti-dilutive. In addition, the Company excluded stock appreciation rights (“SARs”) of 1.02 million and 1.02 million, respectively, for the three months ended September 30, 2025 and 2024, 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 three months ended September 30, 2025, a weighted average of 0.07 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.
For the nine months ended September 30, 2025 and 2024, a weighted average of 4.53 million and 1.61 million, respectively, stock options and RSUs have been excluded from the calculation of diluted net income per common share, as their effect would have been anti-dilutive. In addition, the Company excluded SARs of 1.02 million and 1.02 million, respectively, for the nine
months ended September 30, 2025 and 2024, 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 nine months ended September 30, 2025, a weighted average of 0.07 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.