Mergers & Acquisitions ·
Energy Fuels amends VAC merger agreement over customer dispute and debt repayment
UUUUEnergy Fuels Inc
Energy Fuels entered into a First Amendment to its Merger Agreement for the pending acquisition of VAC Group, clarifying provisions regarding an ongoing commercial supply dispute with a VAC customer. The amendment addresses potential settlement costs, repayment of certain indebtedness, and purchase price adjustments to reflect any loss in value related to the agreement or debt. This filing also supplements disclosures on operations following the completed Australian Strategic Materials acquisition and provides historical financials for VAC. Energy Fuels operates as a uranium producer and rare earth element processor.