Nuclear Fuels holders OK takeover by Premier American

Executive Summary

• Nuclear Fuels Inc. shareholders approved a statutory plan of arrangement with Premier American Uranium Inc. by 95.08 % of votes cast.
• Under the arrangement, each Nuclear Fuels share will be exchanged for 0.33 common shares of Premier American Uranium.
• The transaction is pending final court order (scheduled Aug. 18 2025), TSX‑V approval and customary closing conditions, with a target completion date of about Aug. 25 2025.

Key Details

• Approval Rate: 95.08 % of votes cast approved the arrangement; also passed the simple‑majority test excluding certain protected minority votes.
• Exchange Ratio: 1 Nuclear Fuels share → 0.33 Premier American Uranium common shares.
• Regulatory Timeline: Application for final order of the Supreme Court of British Columbia scheduled for Aug. 18 2025.
• Closing Conditions: Subject to receipt of court order, TSX Venture Exchange approval, and other customary conditions.
• Target Completion: On or about Aug. 25 2025, pending satisfaction/waiver of closing conditions.
• Management Impact: CEO Greg Huffman will join Premier American Uranium’s board of directors post‑completion.

Notable Quotes

“On behalf of the management team at Nuclear Fuels I am pleased our shareholders strongly supported this transaction with a 95‑per‑cent approval… I look forward to joining Premier American Uranium's board of directors and working with Colin Healey to continue pursuing our common goal of advancing new sources of clean American uranium.” – Greg Huffman, CEO, Nuclear Fuels Inc.