ENERGY FUELS INC 8-K

What Happened

• Energy Fuels Inc. announced on March 12, 2026 (March 13, 2026 AWST) that it and Australian Strategic Materials Limited (ASM) executed a Deed of Amendment and Restatement to modify the consideration for ASM shareholders under a court-approved scheme of arrangement (the "Scheme").
• Under the amended terms, at Closing each ASM share will entitle the holder to 0.053 Energy Fuels CHESS Depository Interests (CDIs) by default (or, at the holder’s election, 0.053 Energy Fuels common shares) plus A$0.13 in cash. The previously planned ASM special dividend (up to A$0.13) will be replaced by this A$0.13 cash component. The Deed is filed as Exhibit 10.1 to the 8-K.

Key Details

• Share consideration: 0.053 Energy Fuels CDIs (default) or 0.053 Energy Fuels common shares (holder election) per ASM share.
• Cash consideration: A$0.13 per ASM share, replacing the previously disclosed special dividend.
• Deed executed: March 12, 2026 (March 13, 2026 AWST); original Scheme Implementation Deed dated Jan 20, 2026 (Jan 21, 2026 AWST).
• No other material changes to the original Scheme Implementation Deed were reported.

Why It Matters

• The amendment fixes the mix of share and cash payment ASM shareholders will receive, which affects the number of new Energy Fuels securities to be issued and the cash outlay at Closing.
• The Transaction remains subject to court approval, shareholder approvals, foreign investment and listing permissions (NYSE American, TSX, and ASX for CDIs), and other customary conditions and risks disclosed in the filing — investors should watch updates on approvals and final Closing timing.