Nuclear Fuels Shareholders Endorse Strategic Arrangement with Premier American Uranium

In a pivotal move for the uranium sector, shareholders of Nuclear Fuels Inc. have demonstrated overwhelming support for the company’s proposed plan of arrangement with Premier American Uranium Inc. According to the recent vote, 95.08% of participating shareholders backed this plan, underscoring a strong belief in the synergy between the two firms. This decision was made during a special shareholder meeting, reflecting confidence in a strategic alignment that aims to bolster both companies' positions in the fast-growing clean energy sector.

The arrangement entails that shareholders of Nuclear Fuels will receive 0.33 shares of Premier American Uranium for each share they hold, creating a more substantial entity poised to leverage the increasing demand for uranium as a clean energy source. The completion of this arrangement is contingent on receiving final approval from the Supreme Court of British Columbia and the TSX Venture Exchange, along with other customary closing conditions. A court ruling is anticipated on August 18, 2025, with plans to finalize the arrangement by August 25, 2025.

Greg Huffman, CEO of Nuclear Fuels, expressed gratitude for the shareholders' robust support, stating, "I am pleased our shareholders strongly supported this transaction with a 95% approval. We believe that the merger will bring significant benefits to our shareholders." This optimism is echoed in the industry, as both companies aim to advance their shared mission of developing new sources of clean American uranium.

Nuclear Fuels Inc. has established itself in the uranium exploration landscape, actively pursuing district-scale, In-Situ Recovery (ISR) amenable uranium projects within the U.S. The company has consolidated the Kaycee district, a move that marks a significant milestone, as it has not been under a single entity’s control since the 1980s. Following successful drilling programs in 2023 and 2024, the company plans to expand its resources, leveraging advanced geological data from over 3,800 drill holes across a 35-mile trend.

Partnering with enCore Energy Corp., recognized as America’s Clean Energy Company™, nuclear fuels are paving a pathway toward production for their flagship Kaycee Project situated in Wyoming's Powder River Basin. This relationship promises a synergistic blend of innovation, research, and operational excellence, all aimed at enhancing uranium production in a market primed for growth with government backing.

On the other hand, Premier American Uranium Inc. is strategically focused on uranium consolidation, exploration, and development across key resource regions in the United States, including the Grants Mineral Belt in New Mexico and the Great Divide Basin in Wyoming. Their strategy emphasizes strengthening domestic energy security while aiding in clean energy transitions. Premier’s robust partnerships with esteemed entities such as Sachem Cove Partners and Mega Uranium add to their strong market position, facilitating exploration programs active within their resource-rich portfolio.

The merging of Nuclear Fuels and Premier American Uranium is seen as a significant advancement within the uranium sector, positioning both entities to capitalize on the growing global urgency for clean energy solutions. As the industry continues to evolve, and with the concerted efforts of these two companies, the increased yield of uranium supply can potentially play a crucial role in meeting future energy demands while committing to environmentally sustainable practices.

The collaboration opens new doors for innovation and operational efficiency, reinforcing the commitment of both Nuclear Fuels and Premier American Uranium towards advancing the U.S. uranium sector. As stakeholders eagerly anticipate the upcoming court ruling and subsequent completion of the arrangement, the prospect of a strengthened, united approach to uranium exploration and production signifies a promising future for clean energy development in North America.

For more detailed information, visit Nuclear Fuels or Premier American Uranium.