ENERGY FUELS INC (UUUU): M&A transaction — Energy Fuels completes acquisition of Base Resources for ~$233M total consideration

ENERGY FUELS INC

On Oct 2, 2024, Energy Fuels subsidiary acquired all Base Resources shares; consideration: 0.0260 EFL shares + A$0.065 cash per share.
Total Share Consideration of ~$178.4M; special dividend ~$55.1M in cash paid to Base shareholders.
Base Resources FY2024 (June 30) revenue $135.1M, net loss $1.6M, down from $271.4M revenue in FY2023.
Kwale mine mining expected to end Dec 2024; redundancy provision of $7.7M booked.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ENERGY FUELS INC completed an acquisition involving Base Resources Limited for approximately US$178.4 million (closed 2024-10-02).

Action: acquisition
Counterparty: Base Resources Limited
Consideration: approximately US$178.4 million
Closing: 2024-10-02

Exact text from the filing

and (ii) AUS$0.065 in cash, paid by way of a special dividend by Base Resources to its shareholders. The total Share Consideration issued by Energy Fuels was approximately US$178.4 million and the total special dividend value was approximately US$55.1 million. Holders of ordinary shares of Base Resources that reside in certain jurisdictions will receive the net

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ENERGY FUELS INC filing history →

Source: SEC EDGAR

accession 0001062993-24-017380

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