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New Fusion Fuel (NASDAQ: HTOO) chair and CEO to drive uranium royalty plans

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Form Type
6-K

Rhea-AI Filing Summary

Fusion Fuel Green PLC has made significant leadership changes, appointing Frederico Figueira de Chaves as Chief Executive Officer and James Passin as Chairman of the Board. Former CEO and Chairman John‑Paul Backwell has stepped down for personal and health reasons but remains on the Board and will support the Company as a consultant.

The Board highlights Mr. Passin’s long uranium investment track record and Mr. Figueira de Chaves’s deep operational experience as key to advancing Fusion Fuel’s strategy, including its planned uranium royalty platform and contemplated acquisition of Royal Uranium Inc., which remains subject to shareholder approval and other customary closing conditions. The Company plans an investor update call following the announcement of an Extraordinary General Meeting related to this transaction.

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Insights

Fusion Fuel reshapes leadership while pursuing a uranium-focused royalty strategy.

Fusion Fuel Green PLC has transitioned leadership by appointing James Passin as Chairman and Frederico Figueira de Chaves as CEO, while former CEO JP Backwell remains a non-executive director and consultant. This structure combines continuity with a sharper focus on uranium and energy commodities.

The filing emphasizes Mr. Passin’s institutional uranium investing history and Mr. Figueira de Chaves’s prior CEO and CFO roles at Fusion Fuel. At the same time, the Company is pursuing a contemplated acquisition of Royal Uranium Inc. to build a uranium royalty platform, but completion depends on shareholder approval, regulatory clearances, and other closing conditions.

The extensive risk discussion underscores exposure to commodity price volatility, permitting and regulatory factors, dependence on third-party operators, and political and legal risks in foreign jurisdictions. Investor attention will likely center on disclosures around the Extraordinary General Meeting and subsequent updates on the Royal Uranium transaction’s status and integration plans.

CEO age 42 years Age of Frederico Figueira de Chaves as disclosed in the report
Historic uranium price low Below $8 per pound Uranium price when Firebird Management LLC began focusing on uranium around 2000
Historic uranium price high Over $135 per pound Uranium price peak referenced for 2007 in James Passin’s track record
Resource portfolio size Over $1 billion Value of resource portfolio managed by James Passin at Firebird Management LLC
Annual report reference date May 9, 2025 Filing date of the Company’s referenced Form 20-F for risk factors
Extraordinary General Meeting regulatory
"the anticipated announcement of the Extraordinary General Meeting (the “EGM”) in connection"
royalty platform financial
"pursues its uranium royalty platform and evaluates further growth opportunities across energy commodities"
forward-looking statements regulatory
"This press release and the statements contained herein include “forward-looking statements” within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
royalty interests financial
"anticipated uranium and other royalty interests held by Royal Uranium, including decisions"
A royalty interest is a legal right to receive a share of revenue generated by a natural resource, property, or intellectual asset—like getting a slice of every sale or barrel produced—without owning or running the business that creates it. For investors it can act like a toll road: it provides potential steady cash flow and upside when production or sales rise, while leaving operational costs and many day-to-day risks with the operator; payments still vary with output, prices, and legal or regulatory changes.
Regulation S-K Item 404(a) regulatory
"no transaction, nor is there any currently proposed transaction, between Mr. Figueira de Chaves and the Company that would require disclosure under Item 404(a) of Regulation S-K"
royalty-bearing properties financial
"operators of royalty-bearing properties may delay, suspend, or abandon exploration or development activities"
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of: April, 2026.

 

Commission File Number: 001-39789

 

Fusion Fuel Green PLC
(Translation of registrant’s name into English)

 

9 Pembroke Street Upper

Dublin D02 KR83

Ireland
(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

On April 21, 2026, John-Paul Backwell resigned as the Chief Executive Officer and Chairman of Fusion Fuel Green PLC, an Irish public limited company (the “Company”). Mr. Backwell will continue to serve as a director of the Company and will provide advisory and management consulting services as a senior strategic consultant to the Company.

 

On April 22, 2026, the Board of Directors of the Company (the “Board”) appointed Frederico Figueira de Chaves, the Interim Chief Financial Officer and Chief Strategy Officer and a director of the Company, as the Chief Executive Officer of the Company, effective April 21, 2026.

 

Mr. Figueira de Chaves, 42, has been Interim Chief Financial Officer of the Company since January 2025, Chief Strategy Officer of the Company since November 2024, and a director of the Company since June 2020. Since August 2025, Mr. Figueira de Chaves has also been Chairman and a director of Quality Industrial Corp. (OTCID: QIND). Mr. Figueira de Chaves has also been Chief Executive Officer and a director of Bright Hydrogen Solutions Limited since February 2025. Mr. Figueira de Chaves was Chief Executive Officer of the Company from June 2023 to November 2024. Mr. Figueira de Chaves was Chief Financial Officer of the Company from June 2020 to June 2023. From January 2009 to 2019, Mr. Figueira de Chaves held a number of senior positions at UBS AG, including Asset Management Head of Sales Management and Marketing, Global Asset Management Head Wealth Management and Wealth Management Americas Distribution, Chief of Staff to Global Asset Management CEO, Chief of Staff to CEO Europe, the Middle East, and Africa, Chief of Staff to Group COO, and Business Manager of Group CEO Management Office. Mr. Figueira de Chaves holds a master’s degree in Economics from Edinburgh University.

 

There are no family relationships that exist between Mr. Figueira de Chaves and any directors or executive officers of the Company. In addition, there has been no transaction, nor is there any currently proposed transaction, between Mr. Figueira de Chaves and the Company that would require disclosure under Item 404(a) of Regulation S-K.

 

In addition, on April 22, 2026, the Board appointed James Passin as the Chairman of the Board.

 

On April 23, 2026, the Company issued a press release announcing the changes to the Company’s management described above. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K.

 

 

 

 

Forward-Looking Statements

 

The press release attached as Exhibit 99.1 hereto and the statements contained therein include “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. Such forward-looking statements include, but are not limited to, statements regarding: (i) the anticipated benefits of the leadership and Board changes announced herein, including the ability of the Company’s new Chairman and CEO to execute on the Company’s strategic direction; (ii) the Company’s contemplated acquisition of Royal Uranium Inc. (“Royal Uranium”) and the expected benefits thereof, including expected royalty exposure to uranium exploration activity; (iii) the Company’s expectation to hold an investor update call and an Extraordinary General Meeting in connection with the Royal Uranium transaction; (iv) the Company’s strategic direction and growth plans, including with respect to its uranium royalty platform and energy commodity opportunities; and (v) statements regarding uranium market dynamics, including anticipated demand and supply trends. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the risk that the anticipated benefits of the leadership transition may not be realized; the risk that the Royal Uranium transaction may not be completed on the anticipated terms or timeline, or at all, including the risk that shareholder approval may not be obtained or that other closing conditions may not be satisfied; the Company’s ability to integrate Royal Uranium’s assets into its business, the ability of the parties to obtain Irish regulatory approval and any other required third-party consents and approvals in connection with the transaction, obtain the approval of the Company’s shareholders, and to meet all other closing conditions; the realization of revenues from the assets of Royal Uranium, including its royalties, which may depend on, among other things, the commercial development of uranium, the receipt and maintenance of exploration, mining, and environmental permits and approvals by the operators of the underlying properties, regulatory approval, and market demand for uranium; volatility in uranium and natural gas commodity prices, which directly affect the potential value of the anticipated royalty interests; the risk that operators of royalty-bearing properties may delay, suspend, or abandon exploration or development activities due to insufficient funding, unfavorable economic conditions, technical challenges, or regulatory obstacles; the possibility that exploration activities, including those authorized under recently obtained permits, may not result in the discovery of commercially viable mineral deposits or hydrocarbon reserves; the dependence of the Company on third-party operators over whom it has no operational control to generate revenues from the anticipated uranium and other royalty interests held by Royal Uranium, including decisions regarding the pace, scope, and method of exploration and development; the risk that changes in mining, environmental, or energy laws and regulations in the jurisdictions where the royalty assets are located, may adversely affect the feasibility or economics of the underlying projects; political, economic, and social risks associated with operating in foreign jurisdictions, including currency controls, expropriation, nationalization, and changes in fiscal regimes; the risk that royalty agreements may be subject to disputes regarding their scope, enforceability, or the calculation of permitted deductions from gross revenues; competition from existing or new offerings that may emerge; impacts from strategic changes to the Company’s business on net sales, revenues, income from continuing operations, or other results of operations; the Company’s ability to obtain sufficient funding to maintain operations and develop additional services and offerings; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the SEC on May 9, 2025, and other filings with the SEC. Should any of these risks or uncertainties materialize or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.

 

This Report on Form 6-K (other than Exhibit 99.1 hereto) is incorporated by reference into the Company’s registration statements on Form F-3 (File 333-287226333-289429333-286198333-286202333-251990333-264714333-276880333-293286, and 333-294414) and Form S-8 (File Nos. 333-258543 and 333-291732) and the prospectuses thereof and any prospectus supplements or amendments thereto.

 

Exhibit No.   Description
99.1   Press Release dated April 23, 2026

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Fusion Fuel Green PLC
  (Registrant)
   
Date: April 23, 2026 /s/ Frederico Figueira de Chaves
  Frederico Figueira de Chaves
  Chief Executive Officer

 

 

 

Exhibit 99.1

 

Fusion Fuel Appoints Uranium Investor James Passin as Chairman and Appoints Frederico Figueira de Chaves as Chief Executive Officer

 

Passin, recently appointed to the Board, brings over two decades of institutional uranium investment expertise to help lead the Company’s strategic direction

 

Frederico Figueira de Chaves appointed CEO, bringing deep knowledge of the Company’s strategy and operations

 

Dublin, April 23, 2026 (GLOBE NEWSWIRE) — Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced changes to its Board of Directors (the “Board”) and senior management. James Passin, who was recently appointed to the Board, has been appointed Chairman of the Board, and Frederico Figueira de Chaves has been appointed Chief Executive Officer (“CEO”). John-Paul (JP) Backwell has stepped down as Chairman and CEO due to personal and health reasons following his tenure with the Company. Mr. Backwell will continue to serve on the Board as a non-executive director, while supporting the Company in a consulting capacity.

 

James Passin brings to the Chairmanship a depth of strategic vision and institutional market knowledge that the Board believes is uniquely suited to Fusion Fuel’s current direction. A pioneer of uranium investing, Mr. Passin made uranium exploration and mining a core focus at Firebird Management LLC as early as 2000 — when uranium traded below $8 per pound and institutional interest in the sector was virtually non-existent. Uranium subsequently rallied to over $135 per pound by 2007. He exited all uranium positions ahead of the post-2007 price correction.

 

During his tenure at Firebird Management LLC, Mr. Passin directed and managed a resource portfolio in excess of $1 billion, developing deep expertise across early-stage resource companies in the Americas, Central Asia, Africa, and frontier markets globally. He was described by the Financial Times as “The Indiana Jones of frontier markets” and by The New York Times as a “daredevil investor” — recognitions that reflect a consistent track record of identifying transformational investment opportunities ahead of consensus. The Board believes Mr. Passin’s appointment as Chairman will provide strong strategic leadership as the Company pursues its uranium royalty platform and evaluates further growth opportunities across energy commodities.

 

“I am honored to take on the role of Chairman at what I believe is a pivotal moment for Fusion Fuel,” said Mr. Passin. “We believe uranium and critical elements are entering a structural upcycle driven by energy security imperatives, growing nuclear capacity commitments, and surging electricity demand from artificial intelligence infrastructure — and Fusion Fuel is positioning itself to participate in that cycle through a capital-efficient royalty model. I want to recognize JP’s exceptional leadership and the lasting impact of his contributions to the Company during a critical period of significant operational and strategic transformation. I look forward to working alongside Frederico and the full Board to take Fusion Fuel to the next level.”

 

Mr. Figueira de Chaves has been appointed Chief Executive Officer, in addition to his continuing roles as Interim Chief Financial Officer and Chief Strategy Officer. His appointment reflects the Board’s confidence in his deep, hands-on knowledge of Fusion Fuel’s strategy, its ongoing transactions, and its operational platforms.

 

 

 

 

Mr. Figueira de Chaves has served in several senior roles at the Company since 2020. Mr. Figueira de Chaves served as Chief Financial Officer of the Company from June 2020 to June 2023, as CEO from June 2023 to November 2024, as a director since June 2020, as Chief Strategy Officer since November 2024, and as Interim Chief Financial Officer since January 2025. He previously held senior positions at UBS AG, including Chief of Staff roles to the Global Asset Management CEO, the CEO of Europe, the Middle East, and Africa (“EMEA”), and the Group COO. He holds a master’s degree in economics from the University of Edinburgh.

 

“I am grateful for the confidence the Board has placed in me,” said Mr. Figueira de Chaves. “Fusion Fuel is at an exciting inflection point. I look forward to working closely with James as Chairman, with JP in his continued advisory role, and with the entire Board and management team to execute on our strategy and deliver meaningful results for our shareholders.”

 

The Board extends its deep appreciation to Mr. Backwell for his leadership and significant contributions during a pivotal period in Fusion Fuel’s evolution. Under his leadership, Fusion Fuel launched Bright Hydrogen Solutions Limited (“BrightHy Solutions”) and Biosteam Energy (Proprietary) Limited (“BioSteam Energy”), advanced the growth of Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), secured critical capital, and entered into an agreement to acquire Royal Uranium Inc. (“Royal Uranium”), the holder of certain uranium, natural gas and other mineral assets royalties.

 

Mr. Backwell will remain on the Board as a director and has entered a consulting arrangement to support the execution of ongoing transactions and the continued growth of the Company’s operations.

 

Mr. Backwell stated, “I have strong confidence in both James and Frederico to take the Company forward, and I remain fully committed to supporting the Board and management team as we execute on our strategic initiatives.”

 

The Company intends to hold an investor update call following the anticipated announcement of the Extraordinary General Meeting (the “EGM”) in connection with the Company’s contemplated transaction with Royal Uranium, the closing of which remains subject to shareholder approval at the EGM and satisfaction of other customary closing conditions. Further details will be announced in due course.

 

About Fusion Fuel Green PLC

 

Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas, BrightHy Solutions, and BioSteam Energy platforms. With operations spanning LPG supply to hydrogen and bio-steam solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. For more information, please visit www.fusion-fuel.eu.

 

 

 

 

Forward-Looking Statements

 

This press release and the statements contained herein include “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. Such forward-looking statements include, but are not limited to, statements regarding: (i) the anticipated benefits of the leadership and Board changes announced herein, including the ability of the Company’s new Chairman and CEO to execute on the Company’s strategic direction; (ii) the Company’s contemplated acquisition of Royal Uranium and the expected benefits thereof, including expected royalty exposure to uranium exploration activity; (iii) the Company’s expectation to hold an investor update call and an Extraordinary General Meeting in connection with the Royal Uranium transaction; (iv) the Company’s strategic direction and growth plans, including with respect to its uranium royalty platform and energy commodity opportunities; and (v) statements regarding uranium market dynamics, including anticipated demand and supply trends. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the risk that the anticipated benefits of the leadership transition may not be realized; the risk that the Royal Uranium transaction may not be completed on the anticipated terms or timeline, or at all, including the risk that shareholder approval may not be obtained or that other closing conditions may not be satisfied; the Company’s ability to integrate Royal Uranium’s assets into its business, the ability of the parties to obtain Irish regulatory approval and any other required third-party consents and approvals in connection with the transaction, obtain the approval of the Company’s shareholders, and to meet all other closing conditions; the realization of revenues from the assets of Royal Uranium, including its royalties, which may depend on, among other things, the commercial development of uranium, the receipt and maintenance of exploration, mining, and environmental permits and approvals by the operators of the underlying properties, regulatory approval, and market demand for uranium; volatility in uranium and natural gas commodity prices, which directly affect the potential value of the anticipated royalty interests; the risk that operators of royalty-bearing properties may delay, suspend, or abandon exploration or development activities due to insufficient funding, unfavorable economic conditions, technical challenges, or regulatory obstacles; the possibility that exploration activities, including those authorized under recently obtained permits, may not result in the discovery of commercially viable mineral deposits or hydrocarbon reserves; the dependence of the Company on third-party operators over whom it has no operational control to generate revenues from the anticipated uranium and other royalty interests held by Royal Uranium, including decisions regarding the pace, scope, and method of exploration and development; the risk that changes in mining, environmental, or energy laws and regulations in the jurisdictions where the royalty assets are located, may adversely affect the feasibility or economics of the underlying projects; political, economic, and social risks associated with operating in foreign jurisdictions, including currency controls, expropriation, nationalization, and changes in fiscal regimes; the risk that royalty agreements may be subject to disputes regarding their scope, enforceability, or the calculation of permitted deductions from gross revenues; competition from existing or new offerings that may emerge; impacts from strategic changes to the Company’s business on net sales, revenues, income from continuing operations, or other results of operations; the Company’s ability to obtain sufficient funding to maintain operations and develop additional services and offerings; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the SEC on May 9, 2025, and other filings with the SEC. Should any of these risks or uncertainties materialize or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.

 

Investor Relations Contact:

 

ir@fusion-fuel.eu

 

www.fusion-fuel.eu

 

 

FAQ

What leadership changes did Fusion Fuel Green PLC (HTOO) announce?

Fusion Fuel Green PLC appointed Frederico Figueira de Chaves as Chief Executive Officer and James Passin as Chairman. Former CEO and Chairman John‑Paul Backwell stepped down for personal and health reasons but remains on the Board and will support the Company through a consulting arrangement.

Does former CEO John-Paul Backwell retain any role at Fusion Fuel (HTOO)?

John‑Paul Backwell is stepping down as CEO and Chairman but will remain a non‑executive director. He has also entered a consulting arrangement, under which he will support ongoing transactions, including the Royal Uranium deal, and the continued growth of Fusion Fuel’s operations and platforms.

Who is Fusion Fuel’s new CEO and what is his background?

Fusion Fuel’s new CEO is Frederico Figueira de Chaves, who also serves as Interim CFO and Chief Strategy Officer. He previously was the Company’s CEO and CFO and held senior roles at UBS AG, bringing extensive financial, strategic, and operational experience to guide Fusion Fuel’s evolving energy and royalty businesses.

Why is James Passin’s appointment as Chairman important for Fusion Fuel (HTOO)?

James Passin brings over two decades of institutional uranium investment experience, including managing a resource portfolio exceeding $1 billion. The Board believes his background is well suited to guide Fusion Fuel’s strategy as it pursues a uranium royalty platform and evaluates broader energy commodity opportunities and growth initiatives.

What is Fusion Fuel’s contemplated transaction with Royal Uranium Inc.?

Fusion Fuel has entered into an agreement to acquire Royal Uranium Inc., which holds uranium, natural gas, and other mineral royalty assets. The closing remains subject to shareholder approval at an Extraordinary General Meeting, Irish regulatory and third‑party consents, and satisfaction of other customary closing conditions.

What risks does Fusion Fuel highlight regarding its uranium royalty strategy?

Fusion Fuel notes risks such as completion of the Royal Uranium transaction, integration of its assets, dependence on third‑party operators, volatility in uranium and natural gas prices, permitting and regulatory challenges, political and legal risks in foreign jurisdictions, and potential disputes over royalty agreements and deductions.

Will Fusion Fuel (HTOO) hold an investor call about these changes?

Fusion Fuel states that it intends to hold an investor update call following the anticipated announcement of an Extraordinary General Meeting. That meeting will relate to the Company’s contemplated transaction with Royal Uranium, which requires shareholder approval and satisfaction of other customary closing conditions before completion.

Filing Exhibits & Attachments

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