Energy Fuels (UUUU) Falls 7% on $550-Million Notes Issuance

Core Viewpoint - Energy Fuels Inc. is experiencing a decline in stock price due to plans to raise $550 million through the issuance of convertible senior notes, which may lead to share dilution [1]. Group 1: Stock Performance - Energy Fuels extended its losing streak to three consecutive days, falling 7.08% to close at $15.35 per share [1]. - The company is highlighted as one of the top performers in a recent publication, despite its current stock decline [1]. Group 2: Notes Issuance Details - Energy Fuels plans to issue convertible senior notes with a total value of $550 million, which will have a tenor of six years and mature in 2031 [2][3]. - The initial purchasers of the notes have a 13-day option to buy an additional $82.5 million worth of notes starting from the date of the offer [3]. - The notes will accrue interest payable semiannually and can be converted to cash or shares at the company's discretion [3]. Group 3: Use of Proceeds - The proceeds from the notes issuance will be used to fund the expansion of the second phase of the White Mesa Mill, the Donald heavy mineral sands and rare earth project in Australia, and for other general corporate purposes [4].