Dilution profile // every instrument, one screen, from SEC filings

ENERGY FUELS INC (UUUU)

CIK 1385849 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGHS-3ASR on file 2024-03-22
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
LOWwarrants = 0% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
MEDIUM+58% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
MEDIUM~7.8 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-03-182026-07-31

Latest: 250.0M shares as of Jul 31, 2026 (10-Q).

Cash runway

~8 months of cash left

burning $22.4M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 149,807 underlying shares, as reported Sep 20, 2021 (10-K).

Reported exercise price: $2.45 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $8.9M as of Jun 30, 2021.

Rough fully diluted estimate: 250.1M = 250.0M O/S + 149,807 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Convertible Senior Notes Due 2031$600.0M$20.340.75%~29.5M sh

If every note above converted at its tagged price: ~29.5M new shares on 250.0M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Aug 5, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding250.0MJul 31, 2026
+ Warrants (aggregate, as tagged) (if exercised)149,807Sep 20, 2021
+ Convertible Senior Notes Due 2031 (if fully converted)29.5MMar 31, 2026
Fully diluted estimate279.6M+11.9% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

S-3ASRMar 22, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 3 executed · 0 registered.

EXECUTEDJun 26, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJan 26, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDOct 6, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 13, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDOct 8, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 7, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 25, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDMar 22, 2024Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDJan 3, 2022Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJun 7, 2021Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDApr 9, 2021Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEMar 18, 2021SEC declared a registration effective — selling can beginEFFECT

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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