Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
VANCOUVER, British Columbia – August 13, 2025 - Nuclear Fuels Inc. (“Nuclear Fuels” or the “Company”)
(CSE: NF, OTCQX: NFUNF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”)
(TSXV: PUR, OTCQB: PAUIF) are pleased to announce the voting results of the special meeting of
shareholders of Nuclear Fuels (“Nuclear Fuels Shareholders”) held today.
The previously announced statutory plan of arrangement (the “Plan of Arrangement”) involving Nuclear
Fuels and Premier American Uranium was approved by 95.08 % of the votes cast by Nuclear Fuels
Shareholders. In addition, the Plan of Arrangement was approved by a simple majority of the votes cast
by Nuclear Fuels S hareholders, excluding the votes cast in respect of the Nuclear Fuels shares held by
Nuclear Fuels Shareholders that meet the criteria set out in Section 8.1(2)(a)-(d) of Multilateral Instrument
61-101 – Protection of Minority Security Holders in Special Transactions.
Pursuant to the Plan of Arrangement, each Nuclear Fuels Shareholder will receive 0.33 of a common share
of Premier American Uranium for each Nuclear Fuels share held.
Completion of the Plan of Arrangement remains subject to receipt of the final order of the Supreme Court
of British Columbia, approval of the TSX Venture Exchange, and certain other closing conditions customary
in transactions of this nature. The application for the final order of the Supreme Court of British Columbia
is scheduled for August 18, 2025. Subject to satisfaction or waiver of these closing conditions, the parties
are targeting to complete the Plan of Arrangement on or about August 25, 2025.
Greg Huffman, Chief Executive Officer of Nuclear Fuels, stated: “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 of our shareholders. 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.”
For further information, please see the Nuclear Fuels’ Report of Voting Results, which be filed on SEDAR+
at www.sedarplus.ca.
About Nuclear Fuels Inc.
Nuclear Fuels Inc. is a uranium exploration company advancing early stage, district -scale ISR amenable
uranium projects towards production in the U.S. Leveraging extensive proprietary historical databases and
deep industry expertise, Nuclear Fuels is well -positioned in a sector poised for significant and sustained
growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee district
under single-company control for the first time since the early 1980s. With its 2025 drill program in process
following successful 2023 and 2024 drilling, the Company aims to expand on historic resources across a
35-mile trend with over 430 miles of mapped roll- fronts defined by 3,800 drill holes. The Company’s
strategic relationship with enCore Energy Corp., Amer ica’s Clean Energy Company ™, offers a mutually
beneficial “pathway to production,” with enCore owning an equity interest and retaining the right to back-
in to 51% ownership in the flagship Kaycee Project in Wyoming’s prolific Powder River Basin.
About Premier American Uranium Inc.
Premier American Uranium is focused on the consolidation, exploration, and development of uranium
projects in the United States, aiming to strengthen domestic energy security and support the transition to
clean energy. One of Premier’s key strengths is the extensive land holdings in three prominent uranium -
producing regions in the United States: the Grants Mineral Belt of New Mexico, the Great Divide Basin of
Wyoming and the Uravan Mineral Belt of Colorado.
With current resources and defined resource exploration targets, Premier American Uranium is actively
advancing its portfolio through work programs. Premier American Uranium benefits from strong
partnerships, with backing from Sachem Cove Partners, IsoEner gy Ltd., Mega Uranium Ltd., and other
institutional investors. The Company’s distinguished team has extensive experience in uranium
exploration, development, permitting, and operations, as well as uranium -focused mergers and
acquisitions—positioning Premier American Uranium as a key player in advancing the U.S. uranium sector.
For further information, contact:
Nuclear Fuels Inc.
Greg Huffman
CEO
1 (647) 519-4447
www.nfuranium.com
Premier American Uranium Inc.
Colin Healey
CEO
1 (833) 223-4673
www.premierur.com
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility
for the adequacy or accuracy of this news release.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
None of the securities to be issued pursuant to the Plan of Arrangement have been or will be registered
under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any state
securities laws, and any securities issuable in the Plan of Arrangement are anticipated to be issued in
reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of
the U.S. Securities Act and applicable exemptions under state securities laws. This news release doe s not
constitute an offer to sell or the solicitation of an offer to buy any securities.
Cautionary Statements
This news release contains “forward- looking information” within the meaning of applicable Canadian
securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect
to activities, events or developments that the Company and P remier American Uranium expect or
anticipate will or may occur in the future including, but not limited to, the timing and outcome of the Plan
of Arrangement and the timing and outcome or satisfaction of any closing conditions of the Plan of
Arrangement. Generally, but not always, forward-looking information and statements can be identified by
the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”,
“occur” or “be achieved” or the negative connotation thereof. Such forward- looking information and
statements are based on numerous assumptions, including assumptions regarding Premier American
Uranium following the closing of the Plan of Arrangement, including receipt of required regulatory, court
and stock exchange approvals, the ability of the parties to satisfy, in a timely manner, the other conditions
to the closing of the Plan of Arrangement, and other expectations and assumptions concerning the Plan of
Arrangement. Although the assumptions made by the Company and P remier American Uranium in
providing forward-looking information or making forward-looking statements are considered reasonable
by management of, as applicable, the Company and Premier American Uranium at the time, there can be
no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and
other factors, which may cause actual events or results in future periods to differ materially from any
projections of future events or results expressed or implied by such forward- looking information or
statements, including, among others: the failure to obtain regulatory, court or stock exchange approvals
in connection with the Plan of Arrangement, material adverse change in the timing of completion and the
terms and conditions upon which the Plan of Arrangement is completed, inability to satisfy or waive all
conditions to complete the Plan of Arrangement as set out in the arrangement agreement, and failure to
complete the Plan of Arrangement.
Although the Company and Premier American Uranium have attempted to identify important factors that
could cause actual results to differ materially from those contained in the forward-looking information or
implied by forward- looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that forward- looking information and
statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-
looking statements or information. The Company and Premier American Uranium undertake no obligation
to update or reissue forward- looking information as a result of new information or events except as
required by applicable securities laws.