04:56 PM EDT, 09/29/2025 (MT Newswires) -- Energy Fuels ( UUUU ) said late Monday it plans to issue $550 million of convertible senior notes due 2031 to institutional buyers.

The company will grant initial buyers a 13-day overallotment option to buy up to an additional $82.5 million of the notes, according to a statement.

Net proceeds will be used to cover costs of capped call transactions, finance development spends, and for general corporate purposes, the company said.

Any additional proceeds from the exercise of the overallotment option by the initial buyers will be used to enter more capped call transactions and for general corporate purposes, according to the company.