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Fusion Fuel Approves Appointment of Uranium Investor James Passin to Board as Company Undertakes Uranium Royalty Strategy
Globenewswire· 2026-03-23 12:00
Core Viewpoint - Fusion Fuel Green PLC has appointed James Passin to its Board of Directors, aiming to enhance its strategic capabilities in uranium investments and its planned acquisition of Royal Uranium Inc. [1][2] Group 1: Appointment of James Passin - James Passin brings over 20 years of uranium-focused investing experience, expected to strengthen Fusion Fuel's strategic capabilities [2][5] - Passin's background includes identifying uranium's long-term investment potential and managing a resource portfolio exceeding $1 billion [5][12] Group 2: Uranium Royalty Strategy - Fusion Fuel is developing a capital-efficient uranium royalty platform to provide shareholders exposure to uranium price appreciation and project advancements without the direct risks of mine operations [3][6] - The strategy aims to benefit from rising uranium prices, exploration success, and future production growth while minimizing exposure to operational risks [8][9] Group 3: Acquisition of Royal Uranium - The planned acquisition of a controlling interest in Royal Uranium is intended to create a diversified uranium royalty portfolio across attractive jurisdictions, including Canada's Athabasca Basin [4][11] - This acquisition is expected to enhance Fusion Fuel's position in the uranium sector by providing access to established industry operators and projects [4][11] Group 4: Market Context - The current uranium market is characterized by strengthening long-term fundamentals due to energy security concerns and the increasing role of nuclear power [10] - Fusion Fuel's royalty model is seen as particularly attractive in this environment, allowing for participation in the sector with a disciplined risk profile [10][12]
Uranium Royalty Corp. Acquires Royalty on Forum Energy Metals Aberdeen Uranium Project in Canada
Prnewswire· 2025-05-27 10:30
Core Viewpoint - Uranium Royalty Corp. has entered into an agreement to acquire a new royalty on the Aberdeen Uranium Project in Nunavut, Canada, operated by Forum Energy Metals Corp. [1] Group 1: Acquisition Details - The acquisition involves a 2.0% gross revenue royalty on the Aberdeen Project, with a buy-back option for Forum to repurchase 0.5% of the royalty for CAD$1,000,000 within six months of a successful pre-feasibility study [5][8] - The total cash payment for the royalty acquisition is CAD$1,000,000, scheduled to close by the end of May 2025, funded from cash on hand [8] Group 2: Project Overview - The Aberdeen Project is an exploration stage project covering approximately 95,519 hectares, located in the underexplored Thelon Basin, adjacent to the Kiggavik advanced uranium project [4][8] - The Kiggavik Project, operated by Orano, hosts over 132 million pounds of U₃O₈ in indicated and inferred resources, making it one of the largest undeveloped uranium projects globally [8] Group 3: Exploration Potential - Drilling results from the Aberdeen Project have shown high-grade uranium mineralization, including 1.15% U₃O₈ over 2.4 meters, 0.62% over 17.9 meters, and 0.11% U₃O₈ over 35.3 meters [8]