Energy Fuels Acquires RadTran LLC; Purchase Price Consists Of $1.5M In Cash, $1.5M In Energy Fuels Common Shares, Grant Of A 2% Royalty On Future Revenues From Sale Of Produced Uranium And Other Contractual Commitments As Well As Up To $14M In Cash And Stock Based On Milestones
Portfolio Pulse from Benzinga Newsdesk
Energy Fuels has acquired RadTran LLC for a combination of cash, common shares, and future royalties. The deal includes $1.5M in cash, $1.5M in Energy Fuels shares, a 2% royalty on future uranium sales, and up to $14M based on milestones.
August 19, 2024 | 12:32 pm
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Energy Fuels' acquisition of RadTran LLC involves a strategic investment of $1.5M in cash, $1.5M in shares, and a 2% royalty on future uranium sales, with potential additional payments up to $14M based on milestones.
The acquisition of RadTran LLC by Energy Fuels is a significant strategic move, potentially enhancing its uranium production capabilities. The structured deal with milestone-based payments indicates a long-term growth strategy, likely to positively impact UUUU's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100