Workflow
U.S. uranium sector consolidation
icon
Search documents
Premier American Uranium Completes Acquisition of Nuclear Fuels
Prnewswireยท 2025-09-16 12:00
Core Viewpoint - Premier American Uranium Inc. has successfully completed the acquisition of Nuclear Fuels Inc., making it a wholly owned subsidiary, which enhances its exploration portfolio in the U.S. uranium sector [1][2][3]. Acquisition Details - The arrangement involved Premier American Uranium acquiring 100% of the outstanding common shares of Nuclear Fuels, with shareholders receiving 0.33 of a PUR share for each NF share held, totaling 32,521,748 PUR shares issued [2][4]. - The NF shares are expected to be delisted from the Canadian Securities Exchange on September 16, 2025, and Nuclear Fuels will apply to cease being a reporting issuer [4][6]. Strategic Implications - The acquisition strengthens Premier American Uranium's position in the Powder River uranium district, joining major landholders like Cameco Corporation and Energy Fuels Inc. [3][10]. - The company aims to consolidate, explore, and develop uranium projects across the U.S., focusing on enhancing domestic energy security and transitioning to clean energy [10][11]. Management Changes - Following the acquisition, the board of directors of Premier American Uranium has expanded to seven members, incorporating individuals from Nuclear Fuels, while the senior management team remains unchanged [5][6]. Financial Advisory - Haywood Securities Inc. served as the financial advisor for the arrangement, receiving 138,942 PUR shares as part of their compensation [9].