Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) announced a definitive agreement to acquire Germany-based Vacuumschmelze GmbH & Co. KG and affiliated entities (collectively, “VAC”) from Ara Partners in a cash-and-stock transaction valued at approximately $1.9 billion. The acquisition is expected to create a fully integrated rare earth supply chain platform spanning mining, processing, metals and alloy production, and permanent magnet manufacturing, strengthening Western access to critical materials used in defense, automotive, robotics, data centers, and industrial applications.
VAC brings more than 100 years of advanced magnetics expertise, over 400 patents, and manufacturing operations across North America, Europe, and Asia, including its recently commissioned permanent magnet facility in Sumter, South Carolina. Energy Fuels said the combination, together with its planned acquisition of Australian Strategic Materials Ltd., positions the company to become one of the first Western suppliers with commercial capabilities across the rare earth value chain, from mining and separation through finished magnet production.
The transaction is expected to close in early 2027, subject to regulatory approvals and customary closing conditions. For further details, the full press release is available at https://ibn.fm/iebv8.
This deal underscores the growing urgency to secure rare earth supply chains outside of China. Rare earth magnets are essential components in electric vehicle motors, wind turbines, and advanced military systems. By integrating VAC’s magnet production with its upstream mining and processing capabilities, Energy Fuels aims to reduce Western dependence on foreign sources for these critical materials. The acquisition also highlights the strategic importance of rare earths in national security and clean energy transitions.
Energy Fuels is a leading U.S. critical materials company specializing in uranium, rare earth elements, heavy mineral sands, vanadium, and the development of medical isotopes. The company owns the only fully licensed conventional uranium mill operating in the U.S., the White Mesa Mill in Utah, where it also produces rare earth element products. Additionally, Energy Fuels is developing three heavy mineral sands/rare earths projects: the Vara Mada Project in Madagascar, Bahia Project in Brazil, and Donald Project in Australia. Based in Lakewood, Colorado, its shares trade on the NYSE American (“UUUU”) and TSX (“EFR”).
The latest news and updates relating to Energy Fuels are available in the company’s newsroom at http://ibn.fm/UUUU.
