#Canada #Toronto #Nuclear Fuels #Premier American Uranium #Uranium Acquisition

Premier American Uranium Enhances Portfolio with Nuclear Fuels Acquisition

On September 16, 2025, Premier American Uranium Inc. (PUR) announced the completion of its acquisition of Nuclear Fuels Inc. (NF), marking a significant milestone in the company's growth trajectory in the U.S. uranium sector. This strategic move will see Nuclear Fuels become a wholly owned subsidiary of Premier American Uranium, solidifying PUR's position as a key player in the industry.

Details of the Acquisition

Under the terms of the arrangement, Nuclear Fuels shareholders will receive 0.33 common shares of PUR for each share they hold in NF. In total, Premier American Uranium has issued approximately 32.5 million shares as part of this deal, demonstrating the scale of the transaction and its impact on the market.

Colin Healey, CEO of Premier American Uranium, expressed optimism about the acquisition, noting that it significantly enhances PUR's exploration portfolio in the United States. Key projects in Wyoming, such as Kaycee and Cyclone, host the largest ongoing drilling programs in the state, positioning PUR alongside major industry players like Cameco Corporation and Uranium Energy Corp.

Healey emphasized the transformative nature of this acquisition, highlighting it as part of a broader strategy focused on consolidation and development in the uranium sector. In just two years, PUR has executed two major acquisitions, reinforcing its commitment to advancing uranium exploration and development across the U.S.

Expanding Strategic Opportunities

With the recent acquisition, Premier American Uranium will now benefit from increased resources and a more substantial land position in the highly productive Powder River uranium district. This consolidation aims to enhance domestic energy security while contributing to the transition to cleaner energy solutions.

The successful integration of Nuclear Fuels is expected to lead to long-term value creation, leveraging a seasoned technical team to explore and develop new projects, ensuring that the company stays ahead of the market's competitive landscape.

Management Changes and Future Outlook

Following the completion of the acquisition, changes to PUR's board of directors have occurred, with new members joining from Nuclear Fuels. This reshaping of leadership is poised to guide Premier American Uranium through its next growth phase effectively.

Moreover, the NF Shares are anticipated to be delisted from the Canadian Securities Exchange soon after the acquisition's completion, marking the transition of Nuclear Fuels into the fold of a more extensive operational structure.

In a statement, Healey extended a warm welcome to the former NF shareholders as they transition into the Premier American Uranium family. The management team remains focused on developing a robust pipeline of strategic opportunities, focused on maximizing exploration while actively engaged in executing ongoing projects.

Commitment to Shareholders

For shareholders of Nuclear Fuels, it's vital to note that to exchange their NF shares for PUR shares, they must follow the outlined process, which includes completing the necessary documentation. The company urges shareholders who may have questions or require assistance to reach out directly for guidance.

With the acquisition successfully complete, Premier American Uranium is well-positioned for future growth and is committed to its mission of advancing uranium projects that are essential for the nation's energy landscape. The coming months will be a critical period for the company as it integrates its new assets and continues to explore additional growth opportunities.

For more information, visit Premier American Uranium's website.