ENERGY FUELS INC 8-K

What Happened

• Energy Fuels Inc. (UUUU) announced on May 11, 2026 that David C. Frydenlund, formerly Executive Vice President and Chief Legal Officer, has transitioned to the role of Executive Vice President, Strategic Acquisitions and Financings and Special Counsel to the CEO. The change is part of a planned succession tied to Mr. Frydenlund’s intended retirement in October 2026.
• Concurrently, Nathan Longenecker, previously Senior Vice President and General Counsel, was appointed the Company’s Chief Legal Officer and Executive Vice President, Global Government Relations. The transition is pursuant to the succession provisions in the parties’ Amended and Restated Employment Agreement dated April 10, 2024 (incorporated by reference to the Company’s April 22, 2024 Form 8‑K).

Key Details

• Effective date of role changes: May 11, 2026.
• Planned retirement of Mr. Frydenlund: October 2026.
• New roles: Frydenlund → EVP, Strategic Acquisitions & Financings and Special Counsel to CEO; Longenecker → Chief Legal Officer and EVP, Global Government Relations.
• Succession provided under the Amended and Restated Employment Agreement dated April 10, 2024 (filed as Exhibit 10.2 on April 22, 2024).

Why It Matters

• The filing signals a planned, orderly leadership transition in the company’s legal and government-relations functions, reducing the risk of unexpected disruption.
• Appointing an internal successor (Longenecker) suggests continuity in legal strategy and regulatory engagement, important for a company operating in regulated resource and uranium markets.
• Frydenlund’s new focus on strategic acquisitions and financings may indicate continued attention to growth transactions and capital strategy through his remaining tenure.