#Canada #Vancouver #uranium exploration #Nuclear Fuels #Premier American Uranium

Nuclear Fuels Receives Court Approval for Arrangement with Premier American Uranium

Nuclear Fuels Inc. is pleased to announce that it has received final court approval from the Supreme Court of British Columbia for its proposed arrangement with Premier American Uranium Inc. This significant milestone was celebrated on August 18, 2025, following a joint news release between both companies that was made public on August 13, 2025.

The court's endorsement of this arrangement is an essential step, but it remains contingent on the approval by the TSX Venture Exchange, as well as the fulfillment of certain customary closing conditions typically associated with transactions of this nature. Both parties are now eagerly targeting August 25, 2025, as the completion date, assuming all closing conditions are met or waived.

Under the terms of the arrangement, all outstanding common shares of Nuclear Fuels will be acquired by Premier American Uranium upon closing. This transition will result in the shares of Nuclear Fuels being de-listed from the Canadian Securities Exchange (CSE), while Premier American Uranium's shares will continue trading on the TSX Venture Exchange.

To assist with the evaluation of the arrangement, Nuclear Fuels had engaged Canaccord Genuity Corp. as their financial advisor. In exchange for the advisory services provided by Canaccord, the company has agreed to issue 648,414 common shares at a deemed price of $0.347 per share.

Overview of Nuclear Fuels Inc.

Nuclear Fuels Inc. operates as a uranium exploration company in the USA, focusing on advancing its uranium projects toward production. The company is uniquely positioned in the market, leveraging its extensive historical databases and profound industry expertise at a time when the sector is set for remarkable growth due to robust government support.

Notably, Nuclear Fuels has consolidated control over the Kaycee district, a significant achievement for the first time since the early 1980s. As part of its strategic planning for future expansions, the company is currently organizing a drilling program for 2025, looking to build on the successes witnessed in its previous drilling campaigns in 2023 and 2024.

The company manages a 35-mile trend consisting of over 430 miles of mapped roll fronts, highlighted by 3,800 drill holes. Collaboration with enCore Energy Corp—identified as America’s Clean Energy Company—further strengthens its prospects by offering a conducive “pathway to production.” enCore holds an equity interest in Nuclear Fuels and retains an option to increase ownership up to 51% in the flagship Kaycee Project located in Wyoming's prolific Powder River Basin.

In its pursuit of progressing the uranium sector, Nuclear Fuels continues to work closely with regulatory bodies and industry partners. The smooth execution of the currently proposed arrangement is seen as a crucial next step toward creating a more substantial presence in the uranium market while ensuring long-term sustainability and growth.

For more information, please visit www.nfuranium.com.

While Nuclear Fuels has made significant strides, stakeholders should remain aware of the associated risks and uncertainties faced in the industry. The company has articulated intentions to improve its market position but acknowledges that outcomes can diverge from projections due to factors inherent in regulatory approvals and market conditions.

As always, investors and stakeholders should remain vigilant to changes and updates from the company, which aims to maintain transparency about its operations and strategic decisions moving forward.