Sarai Luksch - Jan 25, 2022 Form 3 Insider Report for ENERGY FUELS INC (UUUU)

Role: Chief Acct Officer/Controller
Signature: /s/ Sarai Luksch
Stock symbol: UUUU
Transactions as of: Jan 25, 2022
Transactions value $: $0
Form type: 3
Date filed: 2/9/2022, 03:23 PM
Next filing: Jun 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UUUU	Common Shares						21.1K	Jan 25, 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	UUUU	Stock Appreciation Rights ("SARs")							Jan 25, 2022	Common Shares	18.2K	$6.47	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Sarai Luksch was appointed to the role of Chief Accounting Officer and Controller of the Company on January 25, 2022, effective that same date.
F2	Table I reflects three separate grants of restricted stock units ("RSUs") by the issuer in 2020, 2021 and 2022, respectively, each of which vest as to 50% on January 27 one year after the date of grant; 25% on January 27 two years after the date of grant; and 25% on January 27 three years after the date of grant. Full details will be made available to the SEC and Issuer shareholders upon request.
F3	Table II reflects a grant of 18,222 stock appreciation rights ("SARs") by the Issuer on January 25, 2022, which vest as follows: one-third of SARs automatically vest upon the volume weighted average price ("VWAP") of the Issuer's common stock on the NYSE American equaling or exceeding US$12.00 for any continuous 90-calendar-day period; another one-third of SARs automatically vest upon the VWAP of the Issuer's common stock on the NYSE American equaling or exceeding US$14.00 for any continuous 90-calendar-day period; and the final one-third vest upon the VWAP of the Issuer's common stock on the NYSE American equaling or exceeding US$16.00 for any continuous 90-calendar-day period.

Remarks:

Exhibit 24.1 Power of Attorney