On June 5, 2025, Premier American Uranium Inc. entered into a definitive agreement to acquire all of the issued and outstanding common shares of Nuclear Fuels Inc., which holds a 100% interest in the Kaycee Uranium Project located in Wyoming.
Under the terms of the agreement, Nuclear Fuels shareholders will receive 0.33 of a common share of Premier American Uranium for each Nuclear Fuels share held. The implied equity value of the combined company is estimated at approximately $102 million. The transaction is expected to occur in the third quarter of 2025, subject to applicable regulatory approvals and closing conditions.
Cassels is acting for Premier American Uranium.