UUUU - Energy Fuels Secures Critical Mineral Supply Chain Via $240M Base Resources Deal | Benzinga
Energy Fuels (AMEX:UUUU), a Lakewood, Colorado-based uranium and critical minerals producer, agreed to acquire Australian junior miner Base Resources (OTCPK: BSRUF).
The transaction, announced Sunday, April 21, is valued at $240 million.
“The acquisition of Base Resources and the Toliara project represents a monumental leap forward for the company as we continue to execute on a truly revolutionary REE, uranium, and critical mineral combined strategy,” said Energy Fuels CEO Mark Chalmers, explaining that the company has been innovating new methods to produce critical minerals, leveraging its uranium processing expertise and infrastructure to develop a U.S.-centric rare earth oxide (REE) supply chain.
The key asset in this acquisition is the Toliara project in southwest Madagascar.
This project ...