Bruce Hansen
About Bruce D. Hansen
Bruce D. Hansen (age 67) has served on Energy Fuels’ Board since 2007 and is currently an independent director. He is a former CEO/CFO of General Moly Inc., previously CFO of Newmont Mining (1999–2005), and earlier held senior roles at Santa Fe Pacific Gold. He holds an MBA in Finance (University of New Mexico) and a B.S. in Mining Engineering (Colorado School of Mines) and is designated a financial expert on the Audit Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| General Moly Inc. | Chief Executive Officer; Chief Financial Officer; Director | CEO/Director 2007–Nov 2020; CFO May 2017–Nov 2020 | Led through restructuring; filed Chapter 11 on Nov 18, 2020; resigned upon filing; company later emerged and merged to form New Moly LLC |
| Newmont Mining Corporation | CFO; Senior VP Operations Services & Development | CFO 1999–2005; ~10 years at Newmont in increasingly senior roles | Finance and operations leadership at major miner |
| Santa Fe Pacific Gold | Senior management roles | 12 years | Corporate development and finance experience |
External Roles
| Organization | Role | Dates | Notes |
|---|---|---|---|
| New Moly LLC (private) | Director | Current | Private molybdenum development company |
| Headwall Partners LLC | Senior Advisor | Current | Independent investment bank focused on steel, metals & mining |
| ASA Gold and Precious Metals Ltd. | Director | 2014–2024 | Closed-end investment company (prior public directorship) |
Board Governance
- Independence and board composition: Hansen is one of 10 independent directors (of 11 total) as determined April 21, 2025 under NYSE and NI 52-110 standards .
- Committee assignments (current): Audit Committee (financial expert); Governance & Nominating (GN) Committee member. Audit Committee met 7 times in 2024; Chair is Alexander G. Morrison (independent). GN Committee Chair is Benjamin Eshleman III (independent) .
- Committee assignments (prior year): Served on Audit and Compensation Committees for the year covered by the 2024 proxy; Compensation Committee Chair was Robert W. Kirkwood .
- Attendance: Board meetings in 2024—Hansen attended 18 of 18 (100%). Independent directors held in-camera sessions after 14 of 17 meetings; overall 2024 board attendance 97% and committee attendance 96.7% .
- Independent leadership: Chair of the Board and all committee chairs are independent .
Fixed Compensation
| Year | Fees Earned (USD) | Equity (RSUs) Grant Date Fair Value (USD) | Option Awards | Total (USD) |
|---|---|---|---|---|
| 2024 | 52,410 | 95,290 | Nil | 147,700 |
| 2023 | 47,645 | 95,291 | Nil | 142,936 |
Director retainers (2024): Board member $52,410; committee chair (non-Audit) $56,967; Audit Chair $63,803; Board Chair $76,666; no per-meeting fees; travel reimbursed .
Performance Compensation
| Item | Detail |
|---|---|
| Outstanding unvested RSUs (12/31/2024) | 22,644 units; market value $116,164 at $5.13/share |
| RSUs vested (value) during 2024 | $77,879 (based on $5.13 year-end price) |
| Options outstanding | None (Nil) |
| 2024 Director RSU vesting schedule | 50% vested Jan 27, 2025; 25% vests Jan 27, 2026; 25% vests Jan 27, 2027 |
| Performance metrics | Director RSUs are time-based; no revenue/EBITDA/TSR performance metrics disclosed for directors |
| Clawback policy | Company maintains a clawback policy meeting/exceeding legal requirements |
| Change-of-control treatment | Plan provides for full acceleration/settlement of RSUs and immediate exercisability of options/SARs upon change of control (subject to plan terms) |
Other Directorships & Interlocks
| Company | Type | Role | Overlap/Conflict Notes |
|---|---|---|---|
| ASA Gold and Precious Metals Ltd. | Public | Director (2014–2024) | No related-party transactions disclosed with Energy Fuels |
| New Moly LLC | Private | Director (current) | No related-party transactions disclosed with Energy Fuels |
| Headwall Partners LLC | Private (Advisory) | Senior Advisor (current) | No related-party transactions disclosed with Energy Fuels |
Expertise & Qualifications
- Financial expert: Designated financial expert on the Audit Committee; prior CFO roles at Newmont and General Moly .
- Education: MBA (Finance), University of New Mexico; B.S. Mining Engineering, Colorado School of Mines .
- Industry domain: Mining finance/operations track record across gold and base metals; senior corporate development experience .
Equity Ownership
| Metric | Value |
|---|---|
| Common shares beneficially owned (direct) | 272,819 |
| Percent of outstanding shares | 0.13% (of 214,837,845 shares) |
| Common shares acquirable within 60 days | Nil |
| Unvested RSUs (12/31/2024) | 22,644 units |
| Market value of unvested RSUs (12/31/2024) | $116,164 (at $5.13/share) |
| Ownership guideline | Non-employee directors must hold shares ≥ 2x annual retainer; hold 50% of shares from RSU/option exercises until compliant; all directors currently in compliance |
| Hedging policy | Hedging and transactions in publicly traded options are prohibited for insiders (incl. directors) |
Governance Assessment
-
Strengths
- Deep finance and mining operating background; Audit Committee financial expert designation enhances oversight of reporting, controls and risk, including cybersecurity oversight by Audit Committee .
- Strong attendance and engagement: 100% board attendance in 2024; serves on key governance committees (Audit; GN) .
- Independence and alignment: Independent director; subject to and compliant with robust ownership guidelines; hedging prohibited; clawback policy in place .
- Compensation mix favors equity via time-based RSUs (alignment) with modest cash fees; no per-meeting fees that could misalign incentives .
-
Watch items / potential red flags
- Prior Chapter 11 at General Moly while CEO/CFO/director in 2020 (resigned at filing); while not a disqualifier, it is a governance risk marker to contextualize with his subsequent roles .
- Plan-level change-of-control acceleration could be viewed as entrenchment risk if significant unvested equity is outstanding at a transaction; directors’ RSUs accelerate per plan terms .
- No related-party transactions disclosed involving Hansen; the company screens annually via D&O questionnaires and requires approval for any related-party dealings—a mitigating control to monitor .
-
2024–2025 committee rotation
- Hansen moved from Compensation Committee service (2023) to GN Committee in 2025 while remaining on Audit; this maintains his focus on financial oversight and board composition/governance .
Attendance Detail
| Year (Meetings) | Board Meetings Held While a Director | Board Meetings Attended |
|---|---|---|
| 2024 (18 total) | 18 | 18 |
| 2023 (12 total) | 12 | 12 |
Director Compensation Detail (Structure)
| Component (2024) | Amount (USD) |
|---|---|
| Annual retainer – Board member | 52,410 |
| Committee chair (non-Audit) | 56,967 |
| Audit Committee chair | 63,803 |
| Chair of the Board | 76,666 |
| Meeting fees | None (no additional per-meeting fees) |
| RSU vesting | 50% year 1; 25% year 2; 25% year 3 (Jan 27 tranches) |
Related Party / Conflicts Screening
- Policy and screening: Annual D&O questionnaires to identify related persons and transactions; conflicts must be reported and related-party transactions require prior approval; no material adverse interests disclosed for nominees .
Overall, Hansen’s independence, finance expertise, perfect attendance, and meaningful equity ownership support board effectiveness; investors should note the prior bankruptcy at General Moly and remain attentive to plan-level change-of-control accelerations, while current disclosures show no related-party exposures or hedging/pledging concerns based on company policy and ownership tables .