Energy Fuels Acquires Base Resources
October 2, 2024
Energy Fuels Inc. completed the acquisition of Base Resources Limited in an all-share deal valued at approximately US$178.4 million, securing the Toliara Project in Madagascar and Base's heavy mineral sands capabilities. The acquisition provides Energy Fuels with additional monazite feedstock for rare earth element processing, potential titanium and zirconium production, and expands its critical minerals and supply-chain capabilities for clean-energy and defense markets.
- Buyers
- Energy Fuels Inc.
- Targets
- Base Resources Limited
- Industry
- Energy
- Location
- Western Australia, Australia
- Transaction Type
- Buyout
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