Energy Fuels to acquire 17 heavy mineral sand concessions in Brazil for $27M

ENERGY FUELS INC

Acquires 17 mineral concessions prospective for ilmenite, rutile, zircon and monazite in Bahia, Brazil, totaling 15,089.71 hectares.
Total consideration of US$27M, payable in three installments: $2.7M within 10 days, $2.7M after due diligence starts, $21.6M at closing.
Transaction subject to a 90-day due diligence period; Energy Fuels may terminate without refund of initial payments.
Closing expected after due diligence; Seller must maintain title and clear encumbrances until transfer.

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