Energy Fuels agrees to acquire VAC for $1.9 billion
The deal includes $718 million cash and 65.85 million shares, creating a fully integrated mine-to-magnet rare earth platform.
See the latest news and media coverage for Energy Fuels. We track all announcements, press releases, and industry mentions in real time, all in one place.
Critical minerals mining and processing company
energyfuels.comLast updated
In short: Energy Fuels expanded its rare earth and uranium operations, notably securing a $725 million loan commitment from the U.S. Department of Defense.
The deal includes $718 million cash and 65.85 million shares, creating a fully integrated mine-to-magnet rare earth platform.
The loan will accelerate rare earths and critical materials production expansion at White Mesa Mill and planned metals facility.
The company expects to produce 1.6 million pounds of U3O8 by June 30, within its 2026 guidance range of 1.5 to 2.5 million pounds.
The company produced terbium oxide at pilot scale and plans to acquire Australian Strategic Materials.
The news: The all-scrip acquisition of Australian Strategic Materials by Energy Fuels faces a further delay, after the Nasdaq-listed suitor separately announced an agreement to...
Energy Fuels said on Tuesday it would acquire German magnet manufacturer Vacuumschmelze GmbH for about $1.9 billion in cash and stock, creating a rare earths-to-magnets...
The funds, provided through the agency's Office of Strategic Capital, are expected to support the two companies' scale-up of their domestic rare-earth mineral processing in...
The Defense Department's Office of Strategic Capital (OSC) has agreed to loan $725 million to Energy Fuels, Inc. , to help the company expand its...
Track Energy Fuels and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Browse news for competitors to Energy Fuels and other trending companies.