Energy Fuels Inc. completes C$6.66 million private placement offering

Date Closed: 6/13/2013

Value: C$6.66 million

On June 13, 2013, Energy Fuels Inc. (EFI) completed a private placement of 47,380,791 units (the Units). The Units were issued by EFI at a price of $0.14 per Unit for aggregate gross proceeds of $6,663,310 pursuant to an underwriting agreement dated June 13, 2013 with Dundee Securities Ltd. (as lead underwriter), Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation. Each Unit consists of one common share of EFI (Common Share) and one-half of one common share purchase warrant (Warrant). Each whole Warrant entitles the holder thereof to acquire one Common Share at a price of $0.19 at any time until June 15, 2015.

The net proceeds of the offering will be used for future exploration and development expenditures, future potential mineral property acquisitions, and for general corporate purposes.

EFI was represented by BLG with a team consisting of Mark Wheeler and Mark Lau.