iStatus: Upcoming/New Filing
Acquirer: Premier American Uranium Inc. (Canada)
Acquired: American Future Fuel Corporation (Canada)
Value: $95 million
Industry Tags: Mining & Extraction; Nuclear; Materials; Energy
On March 19, 2024, Premier American Uranium Inc. (TSXV: PUR) and American Future Fuel Corporation (CSE: AMPS) entered into an agreement “pursuant to which Premier American Uranium will acquire all of the issued and outstanding common shares of American Future Fuel . . .” (Press Release, Premier American Uranium Bolsters Its Leadership in the Industry with the Acquisition of American Future Fuel and Welcomes Renowned Uranium Expert Colin Healey as CEO, American Future Fuel Corporation, Mar. 20, 2024, SEDAR filing.) “American Future Fuel owns a 100% lease-hold interest in the Cebolleta Uranium Project . . . located within the Grants Mineral Belt of New Mexico, United States, an area that is host to one of the largest concentrations of sandstone-hosted uranium in the world and is the fourth largest uranium district in the world.” (Id.) CFIUS Approval is a condition for closing the acquisition. (Management Information Circular, American Future Fuel Corporation, May 6, 2024, SEDAR filing.)
