ENERGY FUELS INC Insider Trading Activity

Energy Fuels Inc. reported an equity compensation transaction for its EVP & Chief Legal Officer, who filed individually.

Rhea-AI Filing Summary

Energy Fuels Inc. reported an equity compensation transaction for its EVP & Chief Legal Officer, who filed individually. On 12/12/2024, the officer received 11,423 common shares in the form of restricted stock units (RSUs) at a stated price of $0, bringing the total common shares beneficially owned to 642,071 directly.

The RSUs vest over three years: 50% on 1/27/2025, 25% on 1/27/2026, and 25% on 1/27/2027. The officer was also granted an employee stock option covering 13,142 common shares at an exercise price of $7.25, which is described as a 10% premium to a grant price of $6.59. These options vest in two equal installments on 12/12/2025 and 12/12/2026 and expire on 12/11/2029. The form notes that it is being filed late due to an inadvertent administrative error.

Insider Trade Summary

Grant/Award: 24,565 shares

Grant/Award 2 txns

Insider Frydenlund David C.

Role EVP & Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (Right to Buy)	13,142	$0.00	$0.00
Grant/Award	Common Shares	11,423	$0.00	$0.00

Holdings After Transaction: Employee Stock Option (Right to Buy) — 13,142 contracts (Direct); Common Shares — 642,071 shares (Direct)

Footnotes (2)

1. F1. Reflects grant of 11,423 RSUs which vest as follows: 50% on 1/27/2025; 25% on 1/27/2026; and 25% on 1/27/2027.
2. F2. Reflects grant of 13,142 options having a strike price at a 10% premium of the grant price of $6.59, which vest as follows: 50% on 12/12/2025 and 50% on 12/12/2026.

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Accepted by SEC EDGAR 12/01/2025 - 05:46 PM EST Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Frydenlund David C.

(Last) (First) (Middle)

C/O ENERGY FUELS INC.

225 UNION BLVD., SUITE 600

(Street)

LAKEWOOD CO 80228

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENERGY FUELS INC [ UUUU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	12/12/2024		A		11,423(1)	A	$0	642,071	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$7.25	12/12/2024		A		13,142		(2)	12/11/2029	Common Shares	13,142	$0	13,142	D

Explanation of Responses:

1. Reflects grant of 11,423 RSUs which vest as follows: 50% on 1/27/2025; 25% on 1/27/2026; and 25% on 1/27/2027.

2. Reflects grant of 13,142 options having a strike price at a 10% premium of the grant price of $6.59, which vest as follows: 50% on 12/12/2025 and 50% on 12/12/2026.

Remarks:

TOTAL BALANCE IN COLUMN 5 OF TABLE I REFLECTS THE REPORTING PERSON'S TOTAL COMMON SHARE BALANCE AS OF THE DATE OF THIS FORM 4 THIS FORM 4 FORM 4 IS BEING FILED LATE DUE TO AN INADVERTENT ADMINISTRATIVE ERROR

	/s/ David C. Frydenlund	12/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.