[Form 4] Energy Fuels Inc. Insider Trading Activity

Rhea-AI Filing Summary

Energy Fuels Inc. director Dennis Lyle Higgs reported the sale of 30,000 common shares in mid-August 2025, reducing his direct holding to 276,382 shares. The filings show three sales: 15,000 shares on 08/15/2025 at $9.70 per share, 10,000 shares on 08/18/2025 at $9.62 per share, and 5,000 shares on 08/18/2025 at $10.13 per share. Prices were converted from Canadian-dollar sales using specified exchange rates. The Form 4 is a Section 16 disclosure that records these non-derivative dispositions by a company director; no derivative transactions or other changes were reported.

Positive

• None.

Negative

• Director sold 30,000 common shares, reducing direct holdings from prior levels to 276,382 shares.
• Sales occurred on 08/15/2025 and 08/18/2025 at prices of $9.70, $9.62, and $10.13 per share (amounts shown after CAD-to-USD conversions).

Insights

Corporate Governance Expert

Director completed routine share dispositions totaling 30,000 shares; filing documents the reductions precisely.

The Form 4 indicates direct sales by a director rather than option exercises or transfers. Such disclosures are standard for Section 16 insiders and provide transparency on insider liquidity. The filing lists exact trade dates, share counts, and per-share prices (with FX conversion notes), and shows a remaining direct beneficial ownership of 276,382 shares. There is no additional context in the filing about purpose of sales or any related plans, so materiality is limited to disclosure of insider activity.

Securities Analyst

Insider sold 30,000 shares across two dates at roughly $9.62–$10.13; disclosure is factual with limited market-impact context.

The transaction details are clear: 15,000 shares on 08/15/2025 at $9.70, and two trades on 08/18/2025 (10,000 at $9.62 and 5,000 at $10.13). Prices reflect conversions from Canadian-dollar proceeds using specified exchange rates. The report does not include any derivative positions or a 10b5-1 plan designation, and does not explain use of proceeds. For investors, this is a transparent record of insider selling but the filing alone does not indicate company operational changes or financial impacts.

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^*

HIGGS DENNIS LYLE

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		S		15,000	D	$9.7(1)	291,382	D
Common Shares	08/18/2025		S		10,000	D	$9.62(2)	281,382	D
Common Shares	08/18/2025		S		5,000	D	$10.13(3)	276,382	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

Explanation of Responses:

1. Converted from Canadian sales price of $13.3885 using an exchange rate of 1.3806.

2. Converted from Canadian sales price of $13.28 using an exchange rate of 1.3809.

3. Converted from Canadian sales price of $13.9942 using an exchange rate of $1.3809.

	/s/ Dennis Lyle Higgs	08/19/2025
	** 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.

FAQ

What insider trades did Energy Fuels (UUUU) disclose on this Form 4?

The Form 4 shows director Dennis Lyle Higgs sold a total of 30,000 common shares on 08/15/2025 and 08/18/2025.

How many shares does Dennis Lyle Higgs own after the reported transactions?

Following the reported sales, Mr. Higgs beneficially owns 276,382 common shares directly.

At what prices were the UUUU shares sold according to the filing?

The reported sale prices were $9.70 (08/15/2025), $9.62 (08/18/2025), and $10.13 (08/18/2025); the filing notes these were converted from Canadian-dollar sales.

Did the Form 4 report any derivative transactions or 10b5-1 plan activity?

No derivative securities, option exercises, or an explicit 10b5-1 plan designation are reported in this Form 4.

Who signed the Form 4 for these transactions?

The filing is signed by Dennis Lyle Higgs on 08/19/2025.