ENERGY FUELS INC (UUUU): Entry into a Material Definitive Agreement

Energy Fuels (TSX: EFR, NYSE: UUUU) has qualified terbium oxide for a major Japanese magnet manufacturer, adding to earlier qualifications. The company amended its $1.9B deal for VAC, adding a purchase price adjustment tied to a customer dispute. Energy Fuels reported $996M in working capital as of June 30. The Department of War's FORTRESS America program aims to bolster supply-chain resilience, though it does not specify materials or companies.

NuScale Power (SMR) fell 7% to $6.04, Energy Fuels (UUUU) dropped 9% to $8.43, and Oklo (OKLO) slid 5% to $30.11 as 10-year Treasury yields rose to 5.26%. The Global X Uranium ETF (URA) declined 4%, outpacing the broader market's 0.8% drop. Rising yields impact long-duration assets like nuclear developers, affecting both valuation and project financing costs.

Energy Fuels (UUUU) dropped 9.7% to a 52-week low of $8.36 after announcing a $500M equity program and amended merger deal. The company filed a prospectus supplement to sell additional common shares under an at-the-market program.

Energy Fuels (UUUU) increased its ATM program capacity by $500M, filing a prospectus supplement. The company has already sold $300M of common shares under the prior supplement.

ENERGY FUELS INC (UUUU) filed an SEC Form 8-K — Other Events. Item 8.01 Other Events. Energy Fuels Inc. (the "Company") has filed a prospectus supplement (the "ATM Prospectus Supplement") to its effective U.S. registration statement on Form S-3 (File No. 333-278193) (the "Registration Statement") in connection with its Controlled Equity Off

The U.S. is investing heavily to reduce reliance on China for critical minerals. The government has backed over 180 projects, including loans and equity stakes, totaling $7.6B in 18 months. MP Materials, Lithium Americas, and Energy Fuels are among the beneficiaries. China still dominates, but market share losses are projected by 2030.