Energy Fuels to acquire Base Resources for A$375M; adds Toliara project and Mill PFS

ENERGY FUELS INC

Consideration: 0.0260 UUUU shares + A$0.065 cash per Base Resources share.
Toliara project combined after-tax NPV10 of $2.0B, IRR 32.4%, initial capex $591M.
Mill PFS: Phase 2 capex $348M for 30k tpa Monazite producing ~3k tpa NdPr oxide.
Closing expected Q3 2024; subject to shareholder, court, and regulatory approvals.
Base Resources board unanimously recommends the scheme; termination fee $2.4M each.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

ENERGY FUELS INC entered into Scheme Implementation Deed with Base Resources Limited valued at approximately AUS$375 million (effective 2024-04-21).

Action: entry
Agreement: merger
Counterparty: Base Resources Limited
Value: approximately AUS$375 million
Effective: 2024-04-21

Exact text from the filing

On April 21, 2024, Energy Fuels Inc. (" Energy Fuels "), EFR Australia Pty Ltd, an indirect wholly owned subsidiary of Energy Fuels (" Energy Fuels Bidder "), and Base Resources Limited (" Base Resources ") entered into a Scheme Implementation Deed (the " Deed ") pursuant to which, subject to the satisfaction or waiver of the conditions set forth therein, Energy Fuels Bidder will acquire all Base Resources fully paid ordinary shares

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ENERGY FUELS INC filing history →

Source: SEC EDGAR

accession 0001062993-24-008795

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