ENERGY FUELS INC 8-K

What Happened

• Energy Fuels Inc. (UUUU) announced that Ross R. Bhappu, currently President (appointed Aug 4, 2025), is expected to be named President and Chief Executive Officer and added as a Director effective April 15, 2026.
• Current CEO Mark Chalmers will retire from the CEO role and resign from the Board on April 15, 2026; he will remain a consultant to the company exclusively for two years to support the transition. Mr. Chalmers’ departure is not due to any disagreement with the company.

Key Details

• Effective date: April 15, 2026 for the CEO change and director resignation.
• Ross Bhappu: age 65; over 35 years in mining, Ph.D. in Mineral Economics (Colorado School of Mines); prior roles include nearly 25 years at Resource Capital Funds and CEO of GTN Copper.
• Mark Chalmers: will retire as CEO and resign as director but will serve as an exclusive consultant for two years post‑retirement.
• Employment agreement for Mr. Bhappu dated July 30, 2025 was previously filed with the SEC and is incorporated by reference.

Why It Matters

• Leadership changes can affect strategy execution and investor confidence; this filing signals a planned, orderly succession with experienced internal leadership (Bhappu) and transition support from the outgoing CEO (Chalmers).
• The two‑year consulting arrangement provides continuity as Bhappu assumes CEO duties, reducing operational risk from the management change.