Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium

Executive Summary

• Nuclear Fuels Inc. shareholders approved the statutory plan of arrangement with Premier American Uranium Inc. by a 95.08% vote.
• Under the arrangement, each Nuclear Fuels share will be exchanged for 0.33 share of Premier American Uranium.
• Completion is targeted for on or about August 25, 2025, subject to court order, TSX‑V approval and customary closing conditions.

Key Details

• Approval Rate: 95.08% of votes cast in favor; also passed the simple‑majority test excluding certain protected minority shares.
• Exchange Ratio: 0.33 Premier American Uranium common share for each Nuclear Fuels share held.
• Regulatory Timeline: Application for final Supreme Court order filed for August 18, 2025; court order and TSX‑V approval required before closing.
• Target Completion Date: On or about August 25, 2025, pending satisfaction/waiver of customary conditions.
• Closing Conditions: Final Supreme Court order, TSX Venture Exchange approval, and other standard closing conditions for a plan of arrangement.
• Management Commentary: CEO Greg Huffman expressed confidence that the transaction will benefit shareholders and noted his upcoming appointment to Premier American Uranium’s Board of Directors.

Notable Quotes

“On behalf of the management team at Nuclear Fuels I am pleased our shareholders strongly supported this transaction with a 95% approval. We stand by our belief that the combination of two strong companies will benefit our shareholders.” – Greg Huffman, CEO, Nuclear Fuels

The release contains forward‑looking statements regarding timing and satisfaction of closing conditions.