TSX:EFROil and Gas
Energy Fuels (TSX:EFR) Surges 16.1% After Upsized $600M Convertible Note Offering for Rare Earth Ambitions
Energy Fuels Inc. recently completed a private placement of US$600 million in 0.75% Convertible Senior Notes due 2031, upsizing the offering from US$550 million, with the notes structured as senior unsecured obligations and callable and convertible features for institutional buyers under Rule 144A.
This substantial financing reflects institutional confidence in the company’s rare earth element expansion strategy amid global supply chain pressures and increasing U.S. government action to...