Energy Fuels Announces Partial Cash Redemption of Floating Rate Convertible Unsecured Subordinated Debentures

LAKEWOOD, Colo., June 11, 2020 /PRNewswire/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”), the largest uranium mining company in the United States, is pleased to announce that it has delivered a notice to the holders of its currently outstanding floating rate convertible unsecured subordinated debentures, due December 31, 2020 (the “Debentures“) that pursuant to the terms of the indenture (the “Indenture“) governing the Debentures, the Company will redeem on July 14, 2020 (the “Redemption Date“) Cdn$10,430,000 principal amount of the Cdn$20,860,000 Debentures outstanding. The Debentures are redeemable for an amount equal to 101% plus accrued and unpaid interest thereon, up to but excluding the Redemption Date. Following the partial redemption, Cdn$10,430,000 aggregate principal amount of the Debentures will remain outstanding and shall continue to be subject to the terms of the Indenture and remain listed on the Toronto Stock Exchange.