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Nuclear Fuels Announces Filing and Mailing of Special Meeting Materials in Connection with Proposed Arrangement with Premier American Uranium
Prnewswireยท 2025-07-15 22:19
Core Viewpoint - Nuclear Fuels Inc. is moving forward with a proposed arrangement to be acquired by Premier American Uranium Inc., with shareholders set to receive shares in the acquiring company [1][2]. Company Overview - Nuclear Fuels Inc. is a uranium exploration company focused on advancing early-stage, district-scale in-situ recovery (ISR) uranium projects towards production in the U.S. [5] - The company has consolidated the Kaycee district under single-company control for the first time since the early 1980s and is planning a 2025 drill program following successful drilling in 2023 and 2024 [5]. - The strategic relationship with enCore Energy Corp. provides a pathway to production, with enCore holding an equity interest and the right to back-in to 51% ownership in the Kaycee Project [5]. Arrangement Details - A special meeting of Nuclear Fuels shareholders is scheduled for August 13, 2025, to vote on the Arrangement Resolution, which involves Premier American Uranium acquiring all issued and outstanding common shares of Nuclear Fuels [2][4]. - Each shareholder will receive 0.33 of a common share of Premier American Uranium for each share of Nuclear Fuels held, establishing the Exchange Ratio [2]. Board Recommendation - The Board of Directors of Nuclear Fuels recommends that shareholders vote in favor of the Arrangement Resolution, with further details provided in the management information circular [3]. Meeting Logistics - The meeting will take place at the offices of Morton Law LLP in Vancouver, BC, and only shareholders of record as of July 7, 2025, are eligible to vote [4]. - Meeting materials are available under Nuclear Fuels' profile on SEDAR+ [4].