NEWS
Energy Fuels'; Transformational Acquisition of Base Resources Wins Shareholder Approval; All Required Regulatory Approvals have been Obtained
Energy Fuels (NYSE: UUUU) has achieved a major milestone in its planned acquisition of Base Resources, with Base shareholders overwhelmingly approving the transaction. The acquisition is expected to transform Energy Fuels into a world-leading producer of rare earth elements, titanium, and zirconium, while maintaining its position as a leading U.S. uranium producer. All required regulatory approvals have been obtained, and the transaction is scheduled to close on October 2, 2024. The company has also successfully commissioned its REE separation circuit at the White Mesa Mill, producing 50-60 tonnes of high-purity NdPr, exceeding original guidance. Energy Fuels is now shifting focus to uranium production, expecting to produce 150,000 to 500,000 pounds of U3O8 in 2024.
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