Premier American Uranium to Acquire Nuclear Fuels, Forming Major Uranium Explorer
Deal News | Jun 05, 2025 | Globenewswire
Premier American Uranium Inc. has announced an agreement to acquire Nuclear Fuels Inc., aiming to create one of America's largest uranium explorers. The deal will see Premier American Uranium acquiring all outstanding shares of Nuclear Fuels through a court-sanctioned arrangement, with Nuclear Fuels’ shareholders receiving 0.33 shares of Premier American Uranium for each Nuclear Fuel share. This merger will form a new entity with an estimated equity value of approximately C$102 million. Focused on uranium extraction in America, the combined company will manage 12 projects spanning over 104,000 acres. They possess significant resources in key uranium-producing sites such as New Mexico's Cebolleta Project and Wyoming's Kaycee Project. Key supporters of the combined entity include Sachem Cove, IsoEnergy, enCore Energy Corp., and Mega Uranium. The transaction, anticipated to close in Q3 2025, follows regulatory and shareholder approvals.
Sectors
- Energy
- Mining
- Mergers & Acquisitions
Geography
- United States – The transaction involves companies with projects located across the United States, specifically in Wyoming, New Mexico, Utah, and Arizona.
- Canada – Both Premier American Uranium and Nuclear Fuels are publicly traded on Canadian exchanges, and the agreement leverages entities and regulations involving Canadian corporations.
Industry
- Energy – The article discusses companies involved in uranium exploration, which is a key segment of the energy sector.
- Mining – As the article focuses on uranium exploration and mining activities within the U.S., it falls under the mining industry classification.
- Mergers & Acquisitions – The primary focus of the article is the acquisition agreement between Premier American Uranium and Nuclear Fuels, highlighting M&A activity in the uranium sector.
Financials
- C$102 million – The implied equity value of the combined entity post-transaction.
- C$0.43 – The consideration per NF Share based on the exchange ratio using PUR's VWAP20.
- C$14 million – The total cash the company expects to have post-transaction for future growth and M&A opportunities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Premier American Uranium Inc. | Bidding Company | Company | A uranium-focused exploration and development company seeking to consolidate assets in key uranium-producing regions in the U.S. |
| Nuclear Fuels Inc. | Target Company | Company | A uranium exploration company with key assets such as the Kaycee Project, focused on developing uranium resources in the U.S. |
| Haywood Securities Inc. | Financial Advisor | Company | Acting as a financial advisor to Premier American Uranium. |
| Cassels Brock & Blackwell LLP | Legal Counsel | Company | Providing legal services to Premier American Uranium. |
| Canaccord Genuity Corp. | Financial Advisor | Company | Advising Nuclear Fuels on the financial aspects of the transaction. |
| Morton Law LLP | Legal Counsel | Company | Offering legal counsel to Nuclear Fuels. |
| enCore Energy Corp. | Potential Shareholder | Company | A significant shareholder in Nuclear Fuels, with strategic interests in the Kaycee Project. |