Premier American Uranium Inc Stock Price, News & Analysis

Premier American Uranium (OTCQB:PAUIF) agreed to a bought‑deal private placement to raise approximately C$10.0 million by issuing 11,111,112 Units at C$0.90 per Unit, each Unit comprising one common share and one‑half warrant. Each full Warrant is exercisable for one common share at C$1.26 until 36 months after closing. The underwriters have a 48‑hour option to purchase an additional 2,222,222 Units for up to C$2.0 million. Net proceeds are earmarked for exploration and advancement of uranium projects in New Mexico and Wyoming and for working capital. The offering anticipates closing on or about February 3, 2026, subject to TSXV and other approvals. Underwriter compensation includes a 6.0% cash fee and broker warrants equal to 6.0% of Units issued.

Premier American Uranium (TSXV: PUR) has completed the acquisition of Nuclear Fuels (OTCQX: NFUNF) through an arrangement where Nuclear Fuels shareholders received 0.33 PUR shares for each NF share. The transaction resulted in PUR issuing 32,521,748 shares and Nuclear Fuels becoming a wholly-owned subsidiary.

The acquisition expands PUR's exploration portfolio in the United States, particularly with the addition of the Kaycee and Cyclone projects in Wyoming, representing the largest combined drilling program in the state. PUR now joins major uranium companies like Cameco, Energy Fuels, and Uranium Energy Corp as a significant landholder in the Powder River uranium district.

Following the arrangement, PUR's board has been restructured to seven members, including new additions from Nuclear Fuels. Nuclear Fuels shares will be delisted from the Canadian Securities Exchange on September 16, 2025.

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 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.

Premier American Uranium has completed its acquisition of American Future Fuel, making AMPS a wholly owned subsidiary of PUR. Shareholders of AMPS received 0.170 PUR shares for each AMPS share held, resulting in 15,540,676 new PUR shares issued.

Additionally, PUR's private placement offering of 2,353,981 subscription receipts for $5.77 million has been completed, converting each receipt into one PUR unit. Each unit includes one share and a half-warrant, allowing holders to purchase shares at C$3.50 until May 7, 2026.

This strategic move secures PUR's position in key uranium districts in the US, with plans to launch drilling programs in New Mexico and Wyoming. The AMPS shares will be delisted from the Canadian Securities Exchange on June 27, 2024.

Premier American Uranium (TSXV: PUR, OTCQB: PAUIF) held its annual general and special meeting on June 25, 2024, where all matters put forward were approved by shareholders. This includes the re-election of existing directors and the conditional appointment of Jon Indall and Michael Henrichsen as directors, pending the closure of a Plan of Arrangement with American Future Fuel Indall brings nearly 40 years of experience in natural resources and environmental law, while Henrichsen has over 20 years of experience in the mining industry. CEO Colin Healey praised the appointments and highlighted future plans for drill programs in Wyoming and New Mexico. The Arrangement's closure is anticipated later this week.

Premier American Uranium (PAUIF) and American Future Fuel have announced an updated Mineral Resource Estimate (MRE) for the Cebolleta Uranium Project in New Mexico. The MRE, prepared by SLR International and effective as of April 30, 2024, reports 18.6 million pounds of Indicated Mineral Resources and 4.9 million pounds of Inferred Mineral Resources.

The update includes upgrading 80% of the previous Inferred Mineral Resources to Indicated status. The project has potential for expansion and further exploration, with a Preliminary Economic Assessment (PEA) being the next step. The report outlines a commodity price of US$80 per pound of U3O8, with cut-off grades of 0.072% eU3O8 for underground and 0.024% eU3O8 for open-pit mining.

Future work will focus on additional drilling to confirm historical data and expand the resource base. This represents a significant milestone for the project, which encompasses 6,717 acres of mineral rights and 5,700 acres of surface rights. Plans include infill drilling and further exploration in previously untested areas.

On May 28, 2024, American Future Fuel (AMPS) and Premier American Uranium (PUR) announced the approval of their Plan of Arrangement by AMPS shareholders, with 99.997% voting in favor. CEO of PUR, Colin Healey, highlighted the strategic benefits of the arrangement, including the acquisition of the Cebolleta project and securing positions in New Mexico, Wyoming, and Colorado. The arrangement coincides with the impending Prohibiting Russian Uranium Imports Act, which will bolster U.S. domestic nuclear fuel production with $2.7 billion in funding. CEO of AMPS, David Suda, expressed optimism for the future and the combined company's ability to advance projects. The completion of the arrangement is pending final court approval and regulatory consents, expected by the end of Q2 2024.