Energy Fuels to acquire VAC Group for $718M cash plus 65.85M shares

ENERGY FUELS INC

• Total consideration: $718M cash, 65.85M common shares, plus preferred shares up to $135M if stock price <$20.93.
• $250M senior secured term loan commitment from Goldman Sachs Bank USA to fund part of cash consideration.
• Conditional $725M loan commitment from U.S. Dept of War/OSC for expanding White Mesa Mill and rare earth metals facility.
• At June 24 annual meeting, all 7 director nominees elected; KPMG appointed auditor; say-on-pay approved with 78M votes for.
• Closing expected by March 22, 2027, subject to HSR, stock exchange listings, and other customary conditions.