UUUU Set to Close Base Resources Acquisition Soon: Is the Stock a Buy?
UUUUEnergy Fuels(UUUU) ZACKS·2024-09-19 03:26

Energy Fuels (UUUU) recently announced that the Federal Court of Australia approved its pending acquisition of Base Resources Limited. This clears the way for the deal to close on Oct. 2, 2024. The acquisition adds Base Resources’ Toliara Mineral Sand Project to UUUU’s portfolio, complementing its Bahia Mineral Sand Project in Brazil. These assets, combined with Energy Fuel’s 49% interest in the joint venture to develop the Donald Mineral Sand Project in Australia, will position it as a major producer of ra ...