On June 5, 2025, Premier American Uranium Inc. (PUR), based in Toronto, announced a definitive agreement to acquire Nuclear Fuels Inc. (NF) through a court-approved plan of arrangement. The transaction closed on September 16, 2025, making NF a wholly owned subsidiary of PUR. Under the arrangement, NF shareholders received 0.33 of a PUR common share for each NF share held, resulting in the issuance of 32,521,748 PUR shares.

The combined entity is positioned as one of America’s largest pure-play uranium explorers, with a diversified portfolio spanning over 104,000 acres, including the Kaycee and Cyclone projects in Wyoming. This move enhances PUR’s presence in the Powder River uranium district, joining other major landholders.

Haywood Securities Inc. acted as financial advisor and Cassels Brock & Blackwell LLP as legal counsel to PUR, while Canaccord Genuity Corp. and Morton Law LLP advised NF. The NF shares are expected to be delisted from the Canadian Securities Exchange as of September 16, 2025, and NF will apply to cease being a reporting issuer in Canada. The transaction supports PUR’s strategy of consolidation, exploration, and development in the U.S. uranium sector.