ENERGY FUELS INC

As previously reported in a Current Report on Form 8-K dated October 3, 2024 (the "Closing Form 8-K"), EFR Australia Pty Ltd ("EFR"), a wholly owned subsidiary of Energy Fuels Inc. (the "Company" or "Energy Fuels" or "we" or "us" or "our"), completed the acquisition of all of the fully paid ordinary shares (the "Transaction") of Base Resources Limited ("Base Resources") on October 2, 2024 (the "Implementation Date") pursuant to a Scheme Implementation Deed dated April 21, 2024 by and among the Company, EFR and Base Resources (the "Deed").

In a Form 8-K dated October 3, 2024, the Company provided details of the completion of the acquisition of Base Resources required by Item 2.01 of Form 8-K and filed the financial statements and pro forma financial information required by Regulation S-X. Then, in a Form 8-K dated October 8, 2024, the Company provided additional details of the completion of the acquisition of Base Resources required by Items 3.02 and 5.02 of Form 8-K (together with the October 3, 2024 Form 8-K, the “Closing Forms 8-K”). This Form 8-K should be read in conjunction with the Closing Forms 8-K.

The purpose of this Form 8-K is to supplement the Company's material disclosure for its post-Transaction business operations.

**Item 8.01. **Other Events.

The disclosure contained in this Item 8.01 has not previously been filed by the Company. This disclosure is intended to supplement rather than replace the Company's previous disclosures, except to the extent explicitly amended by this Form 8-K. Accordingly, the disclosure in this Item 8.01 should be read in conjunction with the Company's previous disclosure, including the disclosure contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, as amended (the "FY23 Form 10-K"), and the Company's quarterly reports for the quarters ended March 31, 2024 and June 30, 2024.