Canaccord commentsEnergy Fuels* (EFR : TSX : $2.21), Net Change: -0.73, % Change: -24.83%, Volume: 889,164 Energy Fuels* (UUUU : US$1.66), Net Change: -0.61, % Change: -26.65%, Volume: 2,974,484 TALK ABOUT A DISCOUNT. U.S. uranium producer Energy Fuels traded down yesterday after the company announced a US$10M bought-deal financing at a significant discount to market. The offering, which was quickly upsized to US$13M following significant demand is being done at US$1.80 per share with a half warrant exercisable at US$2.45. This translates roughly into C$2.03 a share on the TSX and represents a monstrous ~31% discount to market. The company said it plans to plans to list the warrants on both the TSX and the NYSE within 90 days of closing. Energy Fuels said it plans to use the net proceeds to finance the previously announced shaft sinking and evaluation of the company's high-grade Canyon mine project in Arizona. It also plans to use the proceeds to finance wellfield construction at the company's Nichols Ranch project in Wyoming and the permitting of the company's Roca Honda and Jane Dough projects. Energy Fuels' flagship White Mesa mill is the only conventional uranium mill operating in the U.S. today and has a licensed capacity of over eight million pounds of U3O8 per year. The Nichols Ranch processing facility is an in situ recovery (ISR) production centre with a licensed capacity of two million pounds of U3O8 per year.