Sec Form 4 Filing - White John Howell III @ ENERGY FUELS INC - 2019-01-22

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 White John Howell III 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 _____ Officer (give title below) X __ Other (specify below) VP Technical Services (Last) (First) (Middle) C/O ENERGY FUELS INC., 225 UNION BLVD., SUITE 600 3. Date of Earliest Transaction (MM/DD/YY) 01/22/2019 (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 01/22/2019 A 26,100 A $ 2.92 98,785 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 Stock Appreciation Rights ("SARs") $ 2.92 01/22/2019 A 30,485 01/22/2020 01/22/2024 Common Shares 30,485 $ 0 30,485 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other White John Howell III C/O ENERGY FUELS INC. 225 UNION BLVD., SUITE 600 LAKEWOOD, CO80228 VP Technical Services Signatures John H. White 01/24/2019 Signature of Reporting Person Date

Explanation of Responses:

Remarks: 1. Reflects grant of 26,100 restricted stock units which vest as follows: 50% on 1/27/2020; 25% on 1/27/2021; and 25% on 1/27/2022.2. Reflects grant of 30,485 stock appreciation rights ("SARs") which vest as follows: one third automatically upon the volume weighted average price ("VWAP") of the Issuer's common shares on the NYSE American equaling or exceeding US$5.00 for any continuous 90-day period; an additional one-third automatically upon the VWAP on the Issuer's common shares on the NYSE American equaling or exceeding US$7.00 for any continuous 90-day period; and the final one-third automatically upon the VWAP of the Issuer's common shares on the NYSE American equaling or exceeding US$10.00 for any continuous 90-day period.3. Notwithstanding any vesting of any SARs, no SARs may be exercised until January 22, 2020, being the date that is one year after the date of grant.

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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