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Energy Fuels Inc Enters Agreement Amendment for VAC Acquisition

PUBLIC · UUUUOct 13, 2026

Acquiring Company

Energy Fuels

Acquired Company

VAC

LakewoodPiedmontMiningEnergyOil And GasRenewable Energy

Description

Energy Fuels Inc has executed a First Amendment to the Merger Agreement concerning the acquisition of VAC. The amendment focuses on clarifying various terms related to an ongoing customer dispute, addressing potential settlements, and adjustments to the purchase price. This step is crucial for aligning the terms of the acquisition with the company’s strategic objectives in the energy sector.

Company Information

Company

Energy Fuels

Location

Lakewood, Colorado, United States

About

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial-scale production of RE Carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America's key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as RE Carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels' common shares is the NYSE American under the trading symbol "UUUU," and the Company's common shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." Energy Fuels' website is www.energyfuels.com.

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Frequently asked

Who acquired VAC?

VAC was acquired by Energy Fuels, based in Lakewood. The deal was reported on October 13, 2026. Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels is publicly traded (UUUU) and operates in Mining.

When did Energy Fuels acquire VAC?

Energy Fuels's acquisition of VAC was reported on October 13, 2026. Energy Fuels Inc has executed a First Amendment to the Merger Agreement concerning the acquisition of VAC. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does VAC do?

VAC, although not explicitly described in the filing, is involved in a commercial supply agreement that has implications for the merger. It is privately held, operating in Energy, and is based in Piedmont.

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