ENERGY FUELS INC 8K

Energy Fuels Inc. filed a supplementary scheme booklet updating ASM securityholders on its planned acquisition of Australian Strategic Materials, incorporating new information on a large U.S. government financing commitment, a definitive acquisition of VAC, a Goldman Sachs term loan facility, and a revised timetable, while maintaining board and independent expert support for the schemes.

Energy Fuels Inc. filed an Exhibit 99.1 supplementary scheme booklet relating to its previously announced scheme of arrangement under which its wholly owned subsidiary, EFR Critical Materials Pty Ltd, proposes to acquire all fully paid ordinary shares and options of Australian Strategic Materials Limited (ASM). The document updates ASM securityholders on a revised timetable for the scheme meetings and implementation dates, and provides additional disclosure on several major developments at Energy Fuels: a conditional US$725 million financing commitment from the U.S. Office of Strategic Capital to fund rare earth processing and metals/alloys expansion in the U.S., a definitive agreement to acquire 100% of Ara VAC Dutch TopCo, Ara VAC US TopCo and their subsidiaries including Vacuumschmelze GmbH & Co. KG (VAC), and a committed US$250 million senior secured term loan facility from Goldman Sachs Bank USA expected to help finance the VAC transaction. The ASM board continues to unanimously recommend that shareholders and optionholders vote in favour of the schemes (absent a superior proposal and subject to the independent expert’s updated conclusion), and the replacement independent expert’s report again concludes that both the share scheme and option scheme are fair and reasonable and in the best interests of ASM securityholders, while also outlining new risks around Energy Fuels’ expansion strategy, integration of VAC, financing conditions, and potential dilution for Energy Fuels shareholders.

Filing Facts

CIK

1385849

Ticker

-

Form

8K

Source Type

sec

Accession

0001062993-26-003884

Alert Tier

8