Energy Fuels Grants CEO Ross Bhappu 14,080 Restricted Stock Units as ASM Bonus

Energy Fuels granted President and CEO Ross R. Bhappu 14,080 restricted stock units on November 3, 2026, as a special transaction bonus for the ASM closing, The future of trading reported. Bhappu also received 11,219 performance-based stock options in the same award.

Bhappu's RSU and Option Terms

The restricted stock units vest 50% on January 27, 2027, with 25% vesting on each subsequent anniversary through 2029. The options vest 50% on November 3, 2027, with the remainder vesting one year later. The options carry an $8.79 exercise price and expire November 2, 2031.

Energy Fuels is a US critical minerals company producing uranium, rare earth oxides and vanadium, according to akta.pro company records. Its leadership includes Bhappu as President and Chief Executive Officer, David C. Frydenlund as Chief Financial Officer and Secretary, Nathan Longencker as Chief Legal Officer, and Daniel Kapostasy as Senior Vice President and Chief Technical Officer. The company was founded in 2017 and is headquartered in Lakewood, USA.

Energy Fuels' VAC and White Mesa Moves

In June 2026, Energy Fuels signed a definitive agreement to acquire 100% of Vacuumschmelze (VAC) from Ara Partners for approximately $1.9 billion in equity value, the same records show. The company also received a conditional $725 million, 20-year senior-secured debt commitment from the U.S. Department of War's Office of Strategic Capital to expand rare earth processing at White Mesa Mill and fund a planned US metals and alloy facility. Energy Fuels is planning a Phase 2 expansion of the White Mesa Mill in Utah to increase rare earth separation capacity to up to 6,000 tpa of neodymium-praseodymium oxide and approximately 288 tpa of dysprosium and 80 tpa of terbium oxide by mid-2029, with $410 million in capital expenditure.

Board Addition and VAC Disclosures

On November 8, 2026, Simply Wall St reported that Energy Fuels appointed Jeffrey Olsen to its Board and Audit Committee, alongside Q3 2026 sales of $29.18 million and a net loss of $52.21 million. Block & Leviton said in October 2026 that it was investigating Energy Fuels for potential securities fraud over its $1.9 billion acquisition of VAC, after disclosures revealed a customer dispute with VAC's Sumter plant, according to Aktien. The company's shares fell nearly 9% to a 52-week low following the disclosure.