Energy Fuels Announces That The Federal Court Of Australia Made Orders Approving The Proposed Acquisition Of Base Resources Limited By Way Of A Scheme Of Arrangement Under Australia's Corporations Act; Expected To Close On October 2, 2024
Portfolio Pulse from Benzinga Newsdesk
Energy Fuels Inc. has received approval from the Federal Court of Australia for its acquisition of Base Resources Limited through a scheme of arrangement. The acquisition is expected to close on October 2, 2024.
September 12, 2024 | 12:21 pm
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Energy Fuels Inc. has received court approval for its acquisition of Base Resources Limited, expected to close on October 2, 2024. This strategic move could enhance Energy Fuels' position in uranium and rare earth elements production.
The acquisition of Base Resources Limited by Energy Fuels Inc. is a significant strategic move that has received court approval, indicating a high likelihood of completion. This could strengthen Energy Fuels' market position in uranium and rare earth elements, potentially leading to positive investor sentiment and a short-term stock price increase.
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