Premier American Uranium Inc. has received judicial approval to proceed with the acquisition of all common shares of Nuclear Fuels Inc. On August 18, 2025, the Supreme Court of British Columbia issued a final order authorizing the implementation of the arrangement plan between the two companies. This decision follows the joint press release issued on August 13, confirming the parties’ intention to finalize the transaction pending remaining regulatory approvals.
The completion of the arrangement plan remains subject to approval by the TSX Venture Exchange, as well as other customary closing conditions. The two companies plan to close the transaction around August 25, 2025, subject to the fulfillment or waiver of these regulatory requirements.
Change in market structure after the merger
Upon completion of the transaction, all common shares of Nuclear Fuels Inc. will be acquired by Premier American Uranium. While Premier American Uranium’s securities will continue to be listed on the TSX Venture Exchange, those of Nuclear Fuels will be delisted from the Canadian Securities Exchange and will not be transferred to another stock market.
This transaction therefore results in a streamlining of the market structure of the merged entities. Current shareholders of Nuclear Fuels will see their shares absorbed into the portfolio of Premier American Uranium, thereby strengthening the latter’s capitalization and stock market positioning.
Role of the financial intermediary in the transaction
To oversee the transaction, Nuclear Fuels enlisted the expertise of Canaccord Genuity Corp., acting as financial advisor to the board of directors. In exchange for the services provided in the evaluation of the arrangement, the company will issue 648,414 common shares to Canaccord, at a price set at 0.347 Canadian dollars per share.
Documents related to the transaction, including the press releases of June 5, July 15, and August 13, 2025, as well as the information circular dated July 10, 2025, are available on the regulatory platform SEDAR+.
