Latest news with #PremierAmericanUranium
Toronto Star
3 days ago
- Business
- Toronto Star
Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) — Nuclear Fuels Inc. ('Nuclear Fuels' or the 'Company') (CSE: NF, OTCQX: NFUNF) and Premier American Uranium Inc. ('PUR' or 'Premier American Uranium') (TSXV: PUR, OTCQB: PAUIF) are pleased to announce the voting results of the special meeting of shareholders of Nuclear Fuels ('Nuclear Fuels Shareholders') held today. The previously announced statutory plan of arrangement (the 'Plan of Arrangement') involving Nuclear Fuels and Premier American Uranium was approved by 95.08% of the votes cast by Nuclear Fuels Shareholders. In addition, the Plan of Arrangement was approved by a simple majority of the votes cast by Nuclear Fuels Shareholders, excluding the votes cast in respect of the Nuclear Fuels shares held by Nuclear Fuels Shareholders that meet the criteria set out in Section 8.1(2)(a)-(d) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
Cision Canada
3 days ago
- Business
- Cision Canada
Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
CSE:NF OTCQX:NFUNF TSXV: PUR OTCQB:PAUIF VANCOUVER, BC, Aug. 13, 2025 /CNW/ - Nuclear Fuels Inc. ("Nuclear Fuels" or the "Company") (CSE: NF) (OTCQX: NFUNF) and Premier American Uranium Inc. ("PUR" or "Premier American Uranium") (TSXV: PUR) (OTCQB: PAUIF) are pleased to announce the voting results of the special meeting of shareholders of Nuclear Fuels (" Nuclear Fuels Shareholders") held today. The previously announced statutory plan of arrangement (the " Plan of Arrangement") involving Nuclear Fuels and Premier American Uranium was approved by 95.08% of the votes cast by Nuclear Fuels Shareholders. In addition, the Plan of Arrangement was approved by a simple majority of the votes cast by Nuclear Fuels Shareholders, excluding the votes cast in respect of the Nuclear Fuels shares held by Nuclear Fuels Shareholders that meet the criteria set out in Section 8.1(2)(a)-(d) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. Pursuant to the Plan of Arrangement, each Nuclear Fuels Shareholder will receive 0.33 of a common share of Premier American Uranium for each Nuclear Fuels share held. Completion of the Plan of Arrangement remains subject to receipt of the final order of the Supreme Court of British Columbia, approval of the TSX Venture Exchange, and certain other closing conditions customary in transactions of this nature. The application for the final order of the Supreme Court of British Columbia is scheduled for August 18, 2025. Subject to satisfaction or waiver of these closing conditions, the parties are targeting to complete the Plan of Arrangement on or about August 25, 2025. Greg Huffman, Chief Executive Officer of Nuclear Fuels, stated: "On behalf of the management team at Nuclear Fuels I am pleased our shareholders strongly supported this transaction with a 95% approval. We stand by our belief that the combination of two strong companies will benefit of our shareholders. I look forward to joining Premier American Uranium's Board of Directors and working with Colin Healey to continue pursuing our common goal of advancing new sources of Clean American Uranium." For further information, please see the Nuclear Fuels' Report of Voting Results, which be filed on SEDAR+ at About Nuclear Fuels Inc. Nuclear Fuels Inc. is a uranium exploration company advancing early stage, district-scale ISR amenable uranium projects towards production in the U.S. Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee district under single-company control for the first time since the early 1980s. With its 2025 drill program in process following successful 2023 and 2024 drilling, the Company aims to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts defined by 3,800 drill holes. The Company's strategic relationship with enCore Energy Corp., America's Clean Energy Company™, offers a mutually beneficial "pathway to production," with enCore owning an equity interest and retaining the right to back-in to 51% ownership in the flagship Kaycee Project in Wyoming's prolific Powder River Basin. About Premier American Uranium Inc. Premier American Uranium is focused on the consolidation, exploration, and development of uranium projects in the United States, aiming to strengthen domestic energy security and support the transition to clean energy. One of Premier's key strengths is the extensive land holdings in three prominent uranium-producing regions in the United States: the Grants Mineral Belt of New Mexico, the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado. With current resources and defined resource exploration targets, Premier American Uranium is actively advancing its portfolio through work programs. Premier American Uranium benefits from strong partnerships, with backing from Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other institutional investors. The Company's distinguished team has extensive experience in uranium exploration, development, permitting, and operations, as well as uranium-focused mergers and acquisitions—positioning Premier American Uranium as a key player in advancing the U.S. uranium sector. The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release. Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. None of the securities to be issued pursuant to the Plan of Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"), or any state securities laws, and any securities issuable in the Plan of Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Cautionary Statements This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company and Premier American Uranium expect or anticipate will or may occur in the future including, but not limited to, the timing and outcome of the Plan of Arrangement and the timing and outcome or satisfaction of any closing conditions of the Plan of Arrangement. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including assumptions regarding Premier American Uranium following the closing of the Plan of Arrangement, including receipt of required regulatory, court and stock exchange approvals, the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Plan of Arrangement, and other expectations and assumptions concerning the Plan of Arrangement. Although the assumptions made by the Company and Premier American Uranium in providing forward-looking information or making forward-looking statements are considered reasonable by management of, as applicable, the Company and Premier American Uranium at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the failure to obtain regulatory, court or stock exchange approvals in connection with the Plan of Arrangement, material adverse change in the timing of completion and the terms and conditions upon which the Plan of Arrangement is completed, inability to satisfy or waive all conditions to complete the Plan of Arrangement as set out in the arrangement agreement, and failure to complete the Plan of Arrangement. Although the Company and Premier American Uranium have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, esti mated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company and Premier American Uranium undertake no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
Yahoo
3 days ago
- Business
- Yahoo
Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
CSE:NFOTCQX:NFUNF TSXV:PUR OTCQB:PAUIF VANCOUVER, BC, Aug. 13, 2025 /PRNewswire/ - Nuclear Fuels Inc. ("Nuclear Fuels" or the "Company") (CSE: NF) (OTCQX: NFUNF) and Premier American Uranium Inc. ("PUR" or "Premier American Uranium") (TSXV: PUR) (OTCQB: PAUIF) are pleased to announce the voting results of the special meeting of shareholders of Nuclear Fuels ("Nuclear Fuels Shareholders") held today. The previously announced statutory plan of arrangement (the "Plan of Arrangement") involving Nuclear Fuels and Premier American Uranium was approved by 95.08% of the votes cast by Nuclear Fuels Shareholders. In addition, the Plan of Arrangement was approved by a simple majority of the votes cast by Nuclear Fuels Shareholders, excluding the votes cast in respect of the Nuclear Fuels shares held by Nuclear Fuels Shareholders that meet the criteria set out in Section 8.1(2)(a)-(d) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. Pursuant to the Plan of Arrangement, each Nuclear Fuels Shareholder will receive 0.33 of a common share of Premier American Uranium for each Nuclear Fuels share held. Completion of the Plan of Arrangement remains subject to receipt of the final order of the Supreme Court of British Columbia, approval of the TSX Venture Exchange, and certain other closing conditions customary in transactions of this nature. The application for the final order of the Supreme Court of British Columbia is scheduled for August 18, 2025. Subject to satisfaction or waiver of these closing conditions, the parties are targeting to complete the Plan of Arrangement on or about August 25, 2025. Greg Huffman, Chief Executive Officer of Nuclear Fuels, stated: "On behalf of the management team at Nuclear Fuels I am pleased our shareholders strongly supported this transaction with a 95% approval. We stand by our belief that the combination of two strong companies will benefit of our shareholders. I look forward to joining Premier American Uranium's Board of Directors and working with Colin Healey to continue pursuing our common goal of advancing new sources of Clean American Uranium." For further information, please see the Nuclear Fuels' Report of Voting Results, which be filed on SEDAR+ at About Nuclear Fuels Inc. Nuclear Fuels Inc. is a uranium exploration company advancing early stage, district-scale ISR amenable uranium projects towards production in the U.S. Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee district under single-company control for the first time since the early 1980s. With its 2025 drill program in process following successful 2023 and 2024 drilling, the Company aims to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts defined by 3,800 drill holes. The Company's strategic relationship with enCore Energy Corp., America's Clean Energy Company™, offers a mutually beneficial "pathway to production," with enCore owning an equity interest and retaining the right to back-in to 51% ownership in the flagship Kaycee Project in Wyoming's prolific Powder River Basin. About Premier American Uranium Inc. Premier American Uranium is focused on the consolidation, exploration, and development of uranium projects in the United States, aiming to strengthen domestic energy security and support the transition to clean energy. One of Premier's key strengths is the extensive land holdings in three prominent uranium-producing regions in the United States: the Grants Mineral Belt of New Mexico, the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado. With current resources and defined resource exploration targets, Premier American Uranium is actively advancing its portfolio through work programs. Premier American Uranium benefits from strong partnerships, with backing from Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other institutional investors. The Company's distinguished team has extensive experience in uranium exploration, development, permitting, and operations, as well as uranium-focused mergers and acquisitions—positioning Premier American Uranium as a key player in advancing the U.S. uranium sector. The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release. Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. None of the securities to be issued pursuant to the Plan of Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issuable in the Plan of Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Cautionary Statements This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company and Premier American Uranium expect or anticipate will or may occur in the future including, but not limited to, the timing and outcome of the Plan of Arrangement and the timing and outcome or satisfaction of any closing conditions of the Plan of Arrangement. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including assumptions regarding Premier American Uranium following the closing of the Plan of Arrangement, including receipt of required regulatory, court and stock exchange approvals, the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Plan of Arrangement, and other expectations and assumptions concerning the Plan of Arrangement. Although the assumptions made by the Company and Premier American Uranium in providing forward-looking information or making forward-looking statements are considered reasonable by management of, as applicable, the Company and Premier American Uranium at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the failure to obtain regulatory, court or stock exchange approvals in connection with the Plan of Arrangement, material adverse change in the timing of completion and the terms and conditions upon which the Plan of Arrangement is completed, inability to satisfy or waive all conditions to complete the Plan of Arrangement as set out in the arrangement agreement, and failure to complete the Plan of Arrangement. Although the Company and Premier American Uranium have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company and Premier American Uranium undertake no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. View original content to download multimedia: SOURCE Nuclear Fuels Inc. 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Yahoo
3 days ago
- Business
- Yahoo
Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Nuclear Fuels Inc. ('Nuclear Fuels' or the 'Company') (CSE: NF, OTCQX: NFUNF) and Premier American Uranium Inc. ('PUR' or 'Premier American Uranium') (TSXV: PUR, OTCQB: PAUIF) are pleased to announce the voting results of the special meeting of shareholders of Nuclear Fuels ('Nuclear Fuels Shareholders') held today. The previously announced statutory plan of arrangement (the 'Plan of Arrangement') involving Nuclear Fuels and Premier American Uranium was approved by 95.08% of the votes cast by Nuclear Fuels Shareholders. In addition, the Plan of Arrangement was approved by a simple majority of the votes cast by Nuclear Fuels Shareholders, excluding the votes cast in respect of the Nuclear Fuels shares held by Nuclear Fuels Shareholders that meet the criteria set out in Section 8.1(2)(a)-(d) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. Pursuant to the Plan of Arrangement, each Nuclear Fuels Shareholder will receive 0.33 of a common share of Premier American Uranium for each Nuclear Fuels share held. Completion of the Plan of Arrangement remains subject to receipt of the final order of the Supreme Court of British Columbia, approval of the TSX Venture Exchange, and certain other closing conditions customary in transactions of this nature. The application for the final order of the Supreme Court of British Columbia is scheduled for August 18, 2025. Subject to satisfaction or waiver of these closing conditions, the parties are targeting to complete the Plan of Arrangement on or about August 25, 2025. Greg Huffman, Chief Executive Officer of Nuclear Fuels, stated: 'On behalf of the management team at Nuclear Fuels I am pleased our shareholders strongly supported this transaction with a 95% approval. We stand by our belief that the combination of two strong companies will benefit our shareholders. I look forward to joining Premier American Uranium's Board of Directors and working with Colin Healey to continue pursuing our common goal of advancing new sources of Clean American Uranium.' For further information, please see the Nuclear Fuels' Report of Voting Results, which will be filed on SEDAR+ at About Nuclear Fuels Inc. Nuclear Fuels Inc. is a uranium exploration company advancing early stage, district-scale ISR amenable uranium projects towards production in the U.S. Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee district under single-company control for the first time since the early 1980s. With its 2025 drill program in process following successful 2023 and 2024 drilling, the Company aims to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts defined by 3,800 drill holes. The Company's strategic relationship with enCore Energy Corp., America's Clean Energy Company™, offers a mutually beneficial 'pathway to production,' with enCore owning an equity interest and retaining the right to back-in to 51% ownership in the flagship Kaycee Project in Wyoming's prolific Powder River Basin. About Premier American Uranium Inc. Premier American Uranium is focused on the consolidation, exploration, and development of uranium projects in the United States, aiming to strengthen domestic energy security and support the transition to clean energy. One of Premier's key strengths is the extensive land holdings in three prominent uranium-producing regions in the United States: the Grants Mineral Belt of New Mexico, the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado. With current resources and defined resource exploration targets, Premier American Uranium is actively advancing its portfolio through work programs. Premier American Uranium benefits from strong partnerships, with backing from Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other institutional investors. The Company's distinguished team has extensive experience in uranium exploration, development, permitting, and operations, as well as uranium-focused mergers and acquisitions—positioning Premier American Uranium as a key player in advancing the U.S. uranium sector. For further information, contact: Nuclear Fuels HuffmanCEO1 (647) 519-4447info@ Premier American Uranium Healey CEO1 (833) 223-4673info@ The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release. Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. None of the securities to be issued pursuant to the Plan of Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the ''), or any state securities laws, and any securities issuable in the Plan of Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Cautionary Statements This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. 'Forward-looking information' includes, but is not limited to, statements with respect to activities, events or developments that the Company and Premier American Uranium expect or anticipate will or may occur in the future including, but not limited to, the timing and outcome of the Plan of Arrangement and the timing and outcome or satisfaction of any closing conditions of the Plan of Arrangement. Generally, but not always, forward-looking information and statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes' or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved' or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including assumptions regarding Premier American Uranium following the closing of the Plan of Arrangement, including receipt of required regulatory, court and stock exchange approvals, the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Plan of Arrangement, and other expectations and assumptions concerning the Plan of Arrangement. Although the assumptions made by the Company and Premier American Uranium in providing forward-looking information or making forward-looking statements are considered reasonable by management of, as applicable, the Company and Premier American Uranium at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the failure to obtain regulatory, court or stock exchange approvals in connection with the Plan of Arrangement, material adverse change in the timing of completion and the terms and conditions upon which the Plan of Arrangement is completed, inability to satisfy or waive all conditions to complete the Plan of Arrangement as set out in the arrangement agreement, and failure to complete the Plan of Arrangement. Although the Company and Premier American Uranium have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company and Premier American Uranium undertake no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
Cision Canada
11-06-2025
- Business
- Cision Canada
Nuclear Fuels Commences 2025 Kaycee Uranium Project Drill Program
CSE:NF OTCQX:NFUNF VANCOUVER, BC, June 11, 2025 /CNW/ - Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) ("Nuclear Fuels" or the "Company") announces the commencement of its 2025 drilling program, with an initial plan for at least 100,000 feet, at the Kaycee Uranium Project ("the Project") located in the Powder River Basin ("PRB") of Wyoming. The regional drilling conducted in late 2024 successfully identified two new zones of roll front-hosted uranium mineralization. Notably, the Outpost and Trail Dust Zones were discovered during the late stages of the 2024 program, and the Company is excited to follow up on these promising new areas during the 2025 drill program. Highlights from the 2024 Regional Exploration Program (Nuclear Fuels NR January 29, 2025): Drill hole LT24_050 returned 0.082% eU 3 O 8 over 6.5 feet for a total grade thickness ("GT") of 0.532, beginning at a downhole depth of 767.0 feet at the Outpost Zone; At the Trail Dust Zone, located approximately 1.5 miles to the north of the Outpost Zone, drill hole LT24_037 returned 0.0553% eU 3 O 8 over 5.5 feet for a total hole GT of 0.304, beginning at a downhole depth of 886.0 feet; The 2025 exploration program is now underway at the Project and will follow up on these results, as well as test other high priority targets; This fully-funded exploration program consists of an initial 100,000 feet of rotary mud drilling, with results to be reported at a similar cadence to the 2024 drill program. "Our 2025 drill program is designed to build on the discovery of the Outpost Zone and further test the potential of the Kaycee Project," said Greg Huffman, Chief Executive Officer. "This new zone of roll front-hosted uranium mineralization not only validates our geological model but also highlights the potential for further discoveries within this district. As we commence our 2025 drilling campaign, our priority is to delineate the extent of the Outpost Zone and assess its potential to contribute to future resources at Kaycee. We remain committed to advancing the Kaycee Project and delivering value to our shareholders through systematic exploration and development." Strategic Transaction with Premier American Uranium Inc. On June 5, 2025 the Company and Premier American Uranium Inc. (TSXV: PUR, OTCQB: PAUIF) announced that they have entered into an arm's length definitive agreement (Nuclear Fuels NR June 5, 2025), pursuant to which Premier American Uranium has agreed to acquire all of the issued and outstanding common shares of Nuclear Fuels by way of a court-approved plan of arrangement (the "Arrangement" or the "Transaction"). Under the terms of the Arrangement, shareholders of Nuclear Fuels will receive 0.33 of a common share of Premier American Uranium for each Nuclear Fuels Share held. Existing shareholders of Premier American Uranium and Nuclear Fuels will own approximately 59% and 41% (on a basic shares outstanding basis), respectively, of the pro forma outstanding PUR Shares on closing of the Arrangement. The Transaction will require approval by at least 66 2/3% of the votes cast by NF Shareholders and, if required by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, a simple majority of the votes cast by Nuclear Fuels Shareholders excluding certain interested or related parties, in each case by shareholders present in person or represented by proxy at a special meeting of NF Shareholders to be called in connection with the Transaction (the "NF Special Meeting"). The NF Special Meeting is expected to be held in the third quarter of 2025 and Closing of the Transaction is anticipated to occur in the third quarter of 2025. Kaycee Uranium Project, Wyoming The Kaycee Project in Wyoming's PRB, Nuclear Fuels' priority project, consists of 55 square miles of mineral rights over a 35-mile mineralized trend hosting 430 miles of identified roll fronts. The Kaycee Project is believed to be the only project in the PRB where all three known historically productive sandstone formations (Wasatch, Fort Union, and Lance) are mineralized and potentially accessible for ISR extraction. The Kaycee Project, under Nuclear Fuels, represents the first time since the early 1980's that the entire district is controlled by one company. In 2023, Nuclear Fuels acquired the Kaycee Project from enCore Energy Corp., which retains a back-in right for 51% of the project by paying 2.5X the exploration costs and financing the Kaycee project to production (costs recoverable from production) upon Nuclear Fuels establishing a minimum 15 million pound eU 3 O 8 43-101 compliant resource. Wyoming is a proven and prolific uranium producer with a pro-energy government and established regulatory regime for the permitting and extraction of uranium through ISR technology. Wyoming is one of the few "Agreement States" hosting ISR uranium deposits, where the federal government and the Nuclear Regulatory Commission have ceded regulatory authority to the state government, permitting and advancing uranium projects is more efficient and streamlined as compared to most other states. Wyoming, with over 250 million pounds of historic uranium production, ranks as the state with the second most uranium production to date; most of which has been through the ISR technology since 1990, predominantly from the PRB. The technical content of this news release has been reviewed and approved by Mark Travis, CPG., a contractor to the Company, and a Qualified Person as defined in National Instrument 43-101. About Nuclear Fuels Inc. Nuclear Fuels Inc. is a uranium exploration company advancing early-stage, district-scale In-Situ Recovery ("ISR") amenable uranium projects towards production in the United States of America. Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee district under single-company control for the first time since the early 1980s. Currently executing its 2025 drill program following successful 2023 and 2024 drilling, the Company aims to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts defined by 3,800 drill holes. The Company's strategic relationship with enCore Energy Corp., America's Clean Energy Company™, offers a mutually beneficial "pathway to production," with enCore owning an equity interest and retaining the right to back-in to 51% ownership in the flagship Kaycee Project in Wyoming's prolific Powder River Basin. Forward-Looking Information The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release. Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to planned exploration programs and the results of additional exploration work in seeking to establish mineral resources as defined in NI43-101 on any of our properties. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with the completing planned exploration programs and the results of those programs; the ability to access additional capital to fund planned and future operations; regulatory risks including exploration permitting; risks associated with title to our mineral projects; the ability of the company to implement its business strategies; and other risks including risks contained in documents available for review at under the Company's profile. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. SOURCE Nuclear Fuels Inc.
