Nuclear Fuels Stock Price, News & Analysis

Premier American Uranium (TSXV: PUR) and Nuclear Fuels (OTCQX: NFUNF) have provided an update regarding their previously announced statutory plan of arrangement. The companies have announced that they are targeting a closing date of September 19, 2025 for the arrangement, pending completion of the TSX Venture Exchange review.

Nuclear Fuels (OTCQX:NFUNF) has announced an extension to the closing date of its statutory plan of arrangement with Premier American Uranium (TSXV:PUR). The closing date has been pushed to September 10, 2025, primarily due to delays in receiving approval from the TSX Venture Exchange. This update follows previous announcements made on August 13 and August 19, 2025.

Nuclear Fuels (OTCQX:NFUNF) has received final approval from the Supreme Court of British Columbia for its statutory plan of arrangement with Premier American Uranium (TSXV:PUR). The arrangement, targeting completion around August 25, 2025, will result in PUR acquiring all outstanding shares of Nuclear Fuels.

Upon completion, Nuclear Fuels shares will be delisted from the Canadian Securities Exchange, while PUR will continue trading on the TSX Venture Exchange. The Company has engaged Canaccord Genuity as financial advisor and will issue 648,414 common shares at $0.347 per share as compensation for their services.

Nuclear Fuels (OTCQX:NFUNF) shareholders have overwhelmingly approved the previously announced arrangement with Premier American Uranium (TSXV:PUR), with 95.08% of votes in favor. Under the arrangement, Nuclear Fuels shareholders will receive 0.33 Premier American Uranium shares for each Nuclear Fuels share held.

The transaction completion remains subject to final approvals from the Supreme Court of British Columbia (scheduled for August 18, 2025) and the TSX Venture Exchange. The companies aim to complete the arrangement around August 25, 2025. Nuclear Fuels CEO Greg Huffman will join Premier American Uranium's Board of Directors post-transaction.

Nuclear Fuels (OTCQX:NFUNF) has announced the filing and distribution of special meeting materials for shareholders to vote on a proposed arrangement with Premier American Uranium (PUR). The special meeting is scheduled for August 13, 2025 in Vancouver.

Under the proposed arrangement, PUR will acquire all outstanding shares of Nuclear Fuels, with shareholders receiving 0.33 PUR shares for each Nuclear Fuels share held. The Board of Directors has recommended shareholders vote in favor of the arrangement. Only shareholders of record as of July 7, 2025 are eligible to vote at the meeting.

Nuclear Fuels Inc. has launched its 2025 drilling program at the Kaycee Uranium Project in Wyoming's Powder River Basin, planning at least 100,000 feet of rotary mud drilling. The program follows successful 2024 discoveries of two new uranium mineralization zones: the Outpost Zone (0.082% eU3O8 over 6.5 feet) and Trail Dust Zone (0.0553% eU3O8 over 5.5 feet). Notably, Nuclear Fuels has entered into a definitive agreement with Premier American Uranium Inc., where Premier will acquire all Nuclear Fuels shares, with Nuclear Fuels shareholders receiving 0.33 Premier shares for each share held. The transaction, expected to close in Q3 2025, will result in Premier and Nuclear Fuels shareholders owning 59% and 41% respectively. The Kaycee Project spans 55 square miles with 430 miles of identified roll fronts, uniquely hosting three historically productive sandstone formations suitable for ISR extraction.

Nuclear Fuels Inc (OTCQX: NFUNF) announced the passing of Independent Director Eugene Spiering, a renowned geologist with over 35 years of international experience in mineral exploration. Spiering's significant contributions included his foundational work on the Kaycee Uranium District in the early 1980s, which later became Nuclear Fuels' flagship project.

During his career, Spiering served as a project geologist for Energy Fuels Nuclear in the 1990s and as Vice President of Exploration for Quaterra Resources, where he discovered Arizona's only two new uranium deposits. His expertise and firsthand knowledge of the Kaycee area were instrumental in the Company's recent exploration success.

Nuclear Fuels (NFUNF) has acquired the TenSleep Uranium Project in Johnson County, Wyoming, located 10 miles west of Kaycee. The project spans approximately 3,000 acres, comprising 188 mineral claims and two state mineral leases.

The TenSleep Project features unique Athabasca Basin-style uranium mineralization, distinct from typical U.S. roll front deposits. Historical exploration includes the Jeri-Marie underground mine from the 1950s and 111 drill holes completed in 1971-1972, revealing uranium mineralization at both upper and lower contacts of the 380-foot thick TenSleep Formation.

The company plans to initiate drilling in late 2025 or early 2026, focusing on exploring unconformity-style uranium deposits potentially suitable for In-Situ Recovery (ISR). The project's location, less than 20 miles from Nuclear Fuels' priority Kaycee Uranium Project, creates strategic operational synergies.

Nuclear Fuels (NFUNF) has announced the discovery of two new uranium mineralization zones at its Kaycee ISR Uranium Project in Wyoming's Powder River Basin. The Outpost Zone yielded 0.082% eU3O8 over 6.5 feet (GT of 0.532), while the Trail Dust Zone showed 0.0553% eU3O8 over 5.5 feet (GT of 0.304).

The company completed 206 holes totaling 124,720 feet in its 2024 drill program, which concluded in December. Follow-up delineation drilling of these new zones is planned for May 2025. The Kaycee Project spans 55 square miles with 430 miles of identified roll fronts, being the only project in the PRB where all three historically productive sandstone formations are potentially accessible for ISR extraction.

Additionally, Nuclear Fuels has been added to the Sprott Junior Uranium Miners ETF.