Fusion Fuel Highlights Royal Uranium's 2% NSR on Two Mineral Claims held by the Shea Creek Joint Venture, One of Canada's Largest Undeveloped Uranium Projects in the Athabasca Basin

Core Viewpoint - Fusion Fuel Green PLC is set to acquire a 2.0% Net Smelter Return royalty on two mineral claims as part of a broader transaction with Royal Uranium Inc, which will enhance its portfolio of uranium royalty interests across multiple regions [1][6]. Company Overview - Fusion Fuel Green PLC provides integrated energy engineering, distribution, and green hydrogen solutions, supporting decarbonization across various sectors [8]. - The company is focused on capital-efficient royalty portfolios, particularly in uranium and natural gas deposits, through its acquisition of Royal Uranium [6][9]. Industry Context - The Shea Creek Joint Venture, located in the Western Athabasca Basin, is operated by Orano Canada Inc. and Uranium Energy Corp, benefiting from strong government support and long-term demand driven by France's nuclear energy program [2]. - Global uranium demand is projected to reach 397 million pounds by 2040, a 118% increase from 2025 levels, while supply is expected to grow only 14%, leading to an estimated annual deficit of approximately 197 million pounds [4]. - The Western Athabasca Basin is recognized for its significant undeveloped uranium resources and is attracting investment from major nuclear energy companies, indicating strong expansion potential [2][5]. Royalty and Resource Details - The NSR royalty pertains to mineral claims MC00040006 and MC00040007, which are part of a larger portfolio of 16 uranium royalty interests anticipated to be acquired from Royal Uranium [1][3]. - The mineral resource estimates for the Shea Creek deposits include 67.57 million pounds U₃O₈ indicated and 28.06 million pounds U₃O₈ inferred, highlighting the potential value of the claims [7].