Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
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) ha ottenuto l'approvazione schiacciante degli azionisti per l'accordo annunciato con Premier American Uranium (TSXV:PUR), con il 95,08% dei voti favorevoli. Nell'ambito dell'accordo, gli azionisti di Nuclear Fuels riceveranno 0,33 azioni di Premier American Uranium per ogni azione di Nuclear Fuels posseduta.
Il completamento dell'operazione è subordinato alle approvazioni definitive della Corte Suprema della British Columbia (fissata per il 18 agosto 2025) e della TSX Venture Exchange. Le società puntano a completare l'accordo intorno al 25 agosto 2025. Il CEO di Nuclear Fuels, Greg Huffman, entrerà nel consiglio di amministrazione di Premier American Uranium dopo la chiusura della transazione.
Nuclear Fuels (OTCQX:NFUNF) obtuvo la aprobación abrumadora de sus accionistas para el acuerdo anunciado con Premier American Uranium (TSXV:PUR), con el 95,08% de los votos a favor. Según el acuerdo, los accionistas de Nuclear Fuels recibirán 0,33 acciones de Premier American Uranium por cada acción de Nuclear Fuels que posean.
La finalización de la transacción está pendiente de las aprobaciones definitivas de la Corte Suprema de la Columbia Británica (programada para el 18 de agosto de 2025) y de la TSX Venture Exchange. Las compañías esperan completar el acuerdo alrededor del 25 de agosto de 2025. El director ejecutivo de Nuclear Fuels, Greg Huffman, se incorporará al consejo de administración de Premier American Uranium tras la operación.
Nuclear Fuels (OTCQX:NFUNF)의 주주들이 Premier American Uranium (TSXV:PUR)과의 합의안을 찬성표 95.08%로 압도적으로 승인했습니다. 이번 합의에 따라 Nuclear Fuels 주주들은 보유 주식 1주당 0.33주의 Premier American Uranium 주식을 받게 됩니다.
거래 완료는 브리티시컬럼비아주 대법원(심사 예정일: 2025년 8월 18일)과 TSX 벤처 거래소의 최종 승인을 조건으로 합니다. 양사는 2025년 8월 25일경 거래를 완료하는 것을 목표로 하고 있으며, 거래 종료 후 Nuclear Fuels의 CEO Greg Huffman이 Premier American Uranium 이사회에 합류할 예정입니다.
Nuclear Fuels (OTCQX:NFUNF) a obtenu l'approbation écrasante de ses actionnaires pour l'accord annoncé avec Premier American Uranium (TSXV:PUR), avec 95,08% des voix en faveur. Dans le cadre de cet accord, les actionnaires de Nuclear Fuels recevront 0,33 action de Premier American Uranium pour chaque action de Nuclear Fuels détenue.
La réalisation de l'opération reste soumise aux approbations définitives de la Cour suprême de la Colombie-Britannique (prévue le 18 août 2025) et de la TSX Venture Exchange. Les sociétés visent à finaliser l'accord vers le 25 août 2025. Greg Huffman, PDG de Nuclear Fuels, rejoindra le conseil d'administration de Premier American Uranium après la clôture de la transaction.
Nuclear Fuels (OTCQX:NFUNF) hat von den Aktionären dem zuvor angekündigten Vertrag mit Premier American Uranium (TSXV:PUR) mit überwältigender Mehrheit zugestimmt – 95,08% der Stimmen waren dafür. Im Rahmen der Vereinbarung erhalten die Aktionäre von Nuclear Fuels für jede gehaltene Aktie 0,33 Aktien von Premier American Uranium.
Der Abschluss der Transaktion steht noch unter dem Vorbehalt der endgültigen Genehmigungen durch den Obersten Gerichtshof von British Columbia (festgelegt auf den 18. August 2025) und die TSX Venture Exchange. Die Unternehmen streben an, die Vereinbarung um den 25. August 2025 abzuschließen. Nach Abschluss wird der CEO von Nuclear Fuels, Greg Huffman, dem Vorstand von Premier American Uranium beitreten.
- Strong shareholder approval with 95.08% votes in favor
- Strategic merger to advance Clean American Uranium development
- Nuclear Fuels CEO joining Premier American Uranium's Board ensures continuity
- Completion still subject to regulatory and court approvals
- Nuclear Fuels shareholders face share exchange dilution at 0.33 ratio
CSE:NF
OTCQX:NFUNF
TSXV:PUR
OTCQB:PAUIF
The previously announced statutory plan of arrangement (the "Plan of Arrangement") involving Nuclear Fuels and Premier American Uranium was approved by
Pursuant to the Plan of Arrangement, each Nuclear Fuels Shareholder will receive 0.33 of a common share of Premier American Uranium for each Nuclear Fuels share held.
Completion of the Plan of Arrangement remains subject to receipt of the final order of the Supreme Court of
Greg Huffman, Chief Executive Officer of Nuclear Fuels, stated: "On behalf of the management team at Nuclear Fuels I am pleased our shareholders strongly supported this transaction with a
For further information, please see the Nuclear Fuels' Report of Voting Results, which be filed on SEDAR+ at www.sedarplus.ca.
About Nuclear Fuels Inc.
Nuclear Fuels Inc. is a uranium exploration company advancing early stage, district-scale ISR amenable uranium projects towards production in the
About Premier American Uranium Inc.
Premier American Uranium is focused on the consolidation, exploration, and development of uranium projects in
With current resources and defined resource exploration targets, Premier American Uranium is actively advancing its portfolio through work programs. Premier American Uranium benefits from strong partnerships, with backing from Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other institutional investors. The Company's distinguished team has extensive experience in uranium exploration, development, permitting, and operations, as well as uranium-focused mergers and acquisitions—positioning Premier American Uranium as a key player in advancing the
www.nfuranium.com
www.premierur.com
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
None of the securities to be issued pursuant to the Plan of Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the "
Cautionary Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company and Premier American Uranium expect or anticipate will or may occur in the future including, but not limited to, the timing and outcome of the Plan of Arrangement and the timing and outcome or satisfaction of any closing conditions of the Plan of Arrangement. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including assumptions regarding Premier American Uranium following the closing of the Plan of Arrangement, including receipt of required regulatory, court and stock exchange approvals, the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Plan of Arrangement, and other expectations and assumptions concerning the Plan of Arrangement. Although the assumptions made by the Company and Premier American Uranium in providing forward-looking information or making forward-looking statements are considered reasonable by management of, as applicable, the Company and Premier American Uranium at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the failure to obtain regulatory, court or stock exchange approvals in connection with the Plan of Arrangement, material adverse change in the timing of completion and the terms and conditions upon which the Plan of Arrangement is completed, inability to satisfy or waive all conditions to complete the Plan of Arrangement as set out in the arrangement agreement, and failure to complete the Plan of Arrangement.
Although the Company and Premier American Uranium have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company and Premier American Uranium undertake no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
View original content to download multimedia:https://www.prnewswire.com/news-releases/nuclear-fuels-shareholders-approve-arrangement-with-premier-american-uranium-302529549.html
SOURCE Nuclear Fuels Inc.
FAQ
What is the exchange ratio in the Nuclear Fuels (NFUNF) and Premier American Uranium merger?
When is the Nuclear Fuels (NFUNF) arrangement with Premier American Uranium expected to close?
What percentage of Nuclear Fuels shareholders approved the Premier American Uranium merger?
What approvals are still needed for the Nuclear Fuels and Premier American Uranium merger?
What role will Nuclear Fuels CEO have in Premier American Uranium after the merger?
