---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-008795"
form_type: "8-K"
ticker: "UUUU"
cik: "0001385849"
company_name: "ENERGY FUELS INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:42:36.446822+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-24-008795
- form_type: 8-K
- ticker: UUUU
- cik: 0001385849
- company_name: ENERGY FUELS INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385849/000106299324008795/0001062993-24-008795-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385849/000106299324008795/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-008795
- JSON: https://secwatch.observer/filing/0001062993-24-008795.json
- Plain text: https://secwatch.observer/filing/0001062993-24-008795.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385849/000106299324008795/0001062993-24-008795-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.