M&A / Property

Cavalry Capital Corp. Announces Conditional TSXV Acceptance and Filing of Filing Statement for Qualifying Transaction

By The Northwire Desk — AI Analysis Dec 15, 2025 · 10:40 CVY · 0.17 None

CVY · Price

Cavalry Capital Corp. received conditional acceptance from the TSX Venture Exchange to close its business combination with Advanced Energy Fuels, Inc., anticipated on or before December 31 2025.
Upon completion, Cavalry will be renamed “AE Fuels Corporation” and will consolidate its share capital (1.66 pre‑Consolidation shares for each post‑Consolidation share).
The resulting issuer’s board and executive team will be reconstituted with five directors and three senior officers, including Gary Lewis as CEO/President and Jack Cartmel as CFO/Corporate Secretary.

Conditional TSXV Acceptance: Received for the qualifying transaction; final approval still required.
Closing Timeline: Expected on or before 31 Dec 2025.
Name Change & Consolidation: Cavalry → “AE Fuels Corporation”; share consolidation at a ratio of 1.66 pre‑Consolidation : 1 post‑Consolidation.
Financial Summary (Advanced Energy):
Nine‑month ended Sep 30 2025 – Net loss $345.9 M; Operating expenses $350.3 M; Total assets $1,256.9 M.
FY ended Dec 31 2024 – Net loss $155.97 M; Operating expenses $168.2 M; Total assets $540.4 M.
Resulting Issuer Board (5 Directors): Gary Lewis, Melissa Sanderson, Mitchell Smith, Derek Marshall, Brandon Bonifacio.
Resulting Issuer Executive Team:
CEO & President – Gary Lewis
Chair – Melissa Sanderson
CFO & Corporate Secretary – Jack Cartmel
Filing Statement: Posted on SEDAR+ (Dec 12 2025) with technical report for South Woodie Woodie Manganese Project (effective Aug 15 2025). Includes detailed financials of Advanced Energy, Edge Minerals Pty Ltd, Bellpiper Pty Ltd and pro‑forma statements for the new entity.
Regulatory Conditions: Transaction subject to TSXV final approval and, if required, minority shareholder consent.

(No direct quotes were provided in the release.)

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