Any Warrants not exercised prior to
All capitalized terms used herein that are not otherwise defined shall have the meanings set forth in the Indenture.
The Warrants trade on the NYSE American (the "NYSE") under the symbol UUUU-WT and on the
As of
Further information on the Warrants may be requested from, and further questions may be directed to, the Company at investorinfo@energyfuels.com. Answers to commonly asked questions are as follows:
- How many Warrants were issued pursuant to the Indenture?
4,168,750 Warrants as of the date of the Indenture. - Where do I send my Warrants in order to exercise them?
All required documentation must be sent toAST's Corporate Actions Department per the following instructions:
By Hand, Courier or Registered Mail | By Mail (Except Registered Mail) |
P. O. Box 1036 | |
Suite 1200 | |
M5C 2V6 | M5C 2K4 |
Attention: Corporate Actions | Attention: Corporate Actions |
- What documentation is required in order to exercise my Warrants?
1. Original warrant certificate with the Subscription Form on the back filled out completely; and
2. Payment to theAST Corporate Actions Department .
*Certified cheques should be made payable toAST TRUST COMPANY (CANADA) .
In addition, if the Warrants are held in the name of a corporate/business entity rather than an individual:
3. A corporate resolution from the entity designating an authorized official to sign on its behalf; and
*Must submit an original, dated within the last six (6) months
*Subscription Form must be signed exactly as authorized in the resolution
4. If the entity has a single director, either a medallion stamp affixed to the Subscription Form or a notary stamp at the bottom of the corporate resolution.
- May I wire funds to AST to cover the cost of my exercise rather than by way of a certified cheque?
Yes. Please contact the Company for the relevant wiring instructions. - Where may I direct questions about my Warrants or the status of a previously submitted exercise?
Questions should be directed to AST at 1-800-387-0825 (inNorth America ) or (416) 682-3860 (outsideNorth America ) or by sending an e-mail to inquiries@astfinancial.com. - How long will it take to receive my Common Shares following an exercise of Warrants?
As a part of a warrant holder's exercise process,AST's Corporate Actions Department sends a requisition to theU.S. Warrant Agent to issue the Common Shares, and simultaneously sends the exercise funds toEnergy Fuels as compensation so that the Common Shares are fully paid and non-assessable as of the issuance date. Receipt of such requisition, confirmation of the Company's receipt of funds, and the resulting Common Share issuance typically takes up to 2-3 weeks in total. However, this timeframe is provided for reference only and in no way represents a commitment or obligation ofEnergy Fuels , AST or theU.S. Warrant Agent. - Can I exercise my Warrants electronically?
No, there is no way to do so. - Can I exercise my Warrants directly through
Energy Fuels rather than sending my exercise and payment to AST?
No, all documentation must go through AST and in accordance with the terms of the Indenture. - Is there a process at AST to expedite my exercise?
No, there is no way to do so. Exercises are processed in the order in which they are received, and a significant number of exercises are currently being processed and are expected to come in prior to the Time of Expiry. - Are the Common Shares that result from my exercise of Warrants free-trading?
Yes. - Do the Warrants use an American-style exercise (i.e., can they be exercised at any time at the warrant holder's option)?
Yes, up to the Time of Expiry, except as limited by Article 4.9(b) of the Indenture (setting a Beneficial Ownership Limitation of 4.99%).
The above responses are meant to provide general clarification only. It remains the sole obligation of the warrant holder to ensure that all relevant terms in the Indenture are followed in exercising any Warrants held.
As noted, above, any Warrants not exercised prior to
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