- Energy Fuels Inc. (EFR) announced the closing of its upsized offering of **0.75% Convertible Senior Notes due 2031** for an aggregate principal amount of **US$700.0 million**, which included the full exercise of the initial purchasers' option to buy an additional **US$100.0 million** in Notes.  **[1258623_20251003TO90522:0]** 
- The Notes have a conversion price of approximately **$20.34 per common share**, representing a **32.5% premium** to the last reported sale price on September 30, 2025.  **[1258623_20251003TO90522:0]** 
- Through the purchase of capped call options for approximately **$53.55 million**, the effective conversion price was increased to **$30.70**, a **100% premium** over the September 30, 2025 share price.  **[1258623_20251003TO90522:0]** 
- This strategic capital raise strengthens Energy Fuels' balance sheet and enhances its ability to accelerate rare earth initiatives, including expansion at its White Mesa Mill and Donald Project in Australia.  **[1258623_20251003TO90522:0]**

Energy Fuels Closes Upsized US$700 Million Convertible Senior Notes Offering

- **Energy Fuels Inc.** priced an **upsized offering** of **$600 million** aggregate principal amount of **0.75% Convertible Senior Notes due 2031**.  **[1258623_20251001TO88079:0]** 
- The offering size was increased from the previously announced **$550.0 million**, and the company granted initial purchasers an option to buy up to an additional **$100 million** aggregate principal amount of notes.  **[1258623_20251001TO88079:0]** 
- Estimated net proceeds of approximately **$578.1 million** (or **$674.6 million** if the option is fully exercised) will be used for capped call transactions, funding development expenditures for projects like the Phase 2 rare earth separations circuit expansion and the Donald heavy mineral sands project, and general corporate needs.  **[1258623_20251001TO88079:0]** 
- The notes are convertible at an initial rate of **49.1672 common shares per $1,000 principal amount** (equivalent to **$20.34 per common share**), representing a **32.5% conversion premium** to the common shares' last reported sale price on September 30, 2025.  **[1258623_20251001TO88079:0]**

Energy Fuels prices upsized convertible senior notes offering

- Energy Fuels Inc. announced its intent to offer **$550 million** aggregate principal amount of **Convertible Senior Notes due 2031** in a private placement, with an option for initial purchasers to buy an additional **$82.5 million**.  **[1258623_20250929TO86151:0]** 
- The notes will be **general senior unsecured obligations** and convertible into cash, common shares, or a combination, at Energy Fuels' election.  **[1258623_20250929TO86151:0]** 
- The net proceeds are expected to fund **capped call transactions**, development expenditures for the Phase 2 rare earth separations circuit expansion at the White Mesa Mill, the Donald heavy mineral sands project in Australia, and general corporate needs.  **[1258623_20250929TO86151:0]** 
- The company plans to enter into **capped call transactions** to reduce potential dilution to common shares upon conversion and/or offset cash payments.  **[1258623_20250929TO86151:0]**

Energy Fuels Announces Proposed Offering of Convertible Senior Notes

- **Energy Fuels** and **Vulcan Elements** have signed a Memorandum of Understanding (MOU) to collaborate on establishing a **resilient domestic supply chain** for rare earth magnets, aiming for independence from China.  **[1258623_20250826TO58301:0]** 
- Under the MOU, **Energy Fuels** will provide initial quantities of high-purity **neodymium-praseodymium (NdPr)** and **dysprosium (Dy)** oxides to **Vulcan** in **Q4 2025** for validation in rare earth magnet production.  **[1258623_20250826TO58301:0]** 
- These oxides will be sourced exclusively from **U.S. mines**, with **Energy Fuels' White Mesa Mill in Utah** being the only operating U.S. facility capable of processing monazite into separated rare earth oxides.  **[1258623_20250826TO58301:0]** 
- **Vulcan Elements** manufactures high-performance rare earth magnets in **Durham, North Carolina**, for various commercial and defense applications.  **[1258623_20250826TO58301:0]**

Eaton Vance Senior Floating-Rate Trust (EFR)