Energy Fuels (UUUU) Launches $300 Million ATM Share Offering Program

Energy Fuels Inc. (NYSE:UUUU) is one of the top 10 nuclear energy stocks to invest in for the next decade. The company announced on June 13 that it had entered into a new equity distribution agreement. The agreement enables Energy Fuels to issue and sell common shares through an “at the market” (ATM) program—shares with an aggregate offering price of up to $300 million.

A drilling rig in the middle of an industrial mining site, surrounded by rugged terrain.

According to the statement, the agreement’s sales agents include BMO Capital Markets Corp., Canaccord Genuity LLC, Cantor Fitzgerald & Co., B. Riley Securities Inc., and H.C. Wainwright & Co., LLC. This new agreement replaces a previous offering from March 22, 2024. The company stated further that it has discretion over the use of net proceeds from the share sales. It noted, “there may be circumstances where, for sound business reasons, a reallocation of the net proceeds is necessary”. The agreement provides Energy Fuels with a mechanism to raise capital flexibly through the sale of shares.

Energy Fuels Inc. (NYSE:UUUU) is an American mining company focused on producing uranium, rare earth elements, and vanadium. It operates facilities like the White Mesa Mill in Utah, which is the only conventional uranium mill currently operating in the U.S.

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