Sec Form 4 Filing - DRERA SALEEM @ ENERGY FUELS INC - 2024-08-19

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person DRERA SALEEM 2. Issuer Name and Ticker or Trading Symbol ENERGY FUELS INC [ UUUU] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) X __ Other (specify below) VP Radioisotopes, Radiological/Systems & IP (Last) (First) (Middle) C/O ENERGY FUELS INC., 225 UNION BLVD., SUITE 600 3. Date of Earliest Transaction (MM/DD/YY) 08/19/2024 (Street) LAKEWOOD, CO80228 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 08/19/2024 A 6,811 A $ 0 273,406 ( 1 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Performance-Based Stock Options ("Options") $ 5.09 08/19/2024 A 7,506 ( 2 ) 08/19/2025 08/18/2029 Common Shares 7,506 $ 0 7,506 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DRERA SALEEM C/O ENERGY FUELS INC. 225 UNION BLVD., SUITE 600 LAKEWOOD, CO80228 VP Radioisotopes, Radiological Systems & IP Signatures /s/ Saleem Drera 08/19/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The amount reported in Table I, Section 4 represents 266,595 restricted Common Shares previously granted to Reporting Person by the Issuer in partial consideration for Issuer's acquisition of RadTran, LLC on 08/16/2024, and 6,811 unvested restricted stock units ("RSUs") granted to Reporting Person by the Issuer, effective as of August 19, 2024 and vesting as follows: 50% on 01/27/2025; 25% on 01/27/2026; and 25% on 01/27/2027. ( 2 )The amount reported in Table II, Section 5 represents 7,506 unvested Options granted to Reporting Person by the Issuer with a strike price at a 10% premium of the grant price of $4.65, effective as of August 19, 2024 and vesting as follows: 50% on 08/19/2025; and 50% on 08/19/2026. The grant has a term of five years.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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