USA Rare Earth to Acquire Texas Mineral Resources Corp

Energy Fuels Completes Acquisition of Base Resources (Toliara Project) via Scheme of Arrangement

October 2, 2024

Energy

Energy Fuels has completed its acquisition of Base Resources Limited through an Australian scheme of arrangement, securing Base’s heavy mineral sands and critical minerals assets, including the Toliara Project in Madagascar. The deal delivers a larger, more integrated rare earth and critical minerals supply chain that Energy Fuels plans to process into advanced rare earth products at its White Mesa Mill in Utah.

Altius Minerals Corporation Acquires Lithium Royalty Corp.

January 27, 2026

Energy

Altius Minerals Corporation entered into a definitive plan-of-arrangement agreement to acquire all outstanding shares of Lithium Royalty Corp. for total consideration of approximately C$520 million (C$9.50 per LRC share), payable at shareholders’ election as cash, Altius shares, or a mix subject to proration. The transaction is court- and shareholder-approval subject and is currently expected to close around March 2026.

Energy Fuels to Acquire Australian Strategic Materials in $299 Million Deal

January 22, 2026

Industrial Services

Energy Fuels has signed a Scheme Implementation Deed to acquire 100% of Australian Strategic Materials (ASM) in a transaction valued at about US$299 million (A$447 million implied equity value). The deal is designed to create a fully integrated rare earth “mine-to-metal & alloy” producer outside China by combining Energy Fuels’ rare earth oxide production at its White Mesa Mill with ASM’s downstream rare earth metals and alloy operations in Korea and planned U.S. capacity.

Canadian Natural Resources Acquires Tourmaline Oil Corp

January 14, 2026

Oil & Gas

Canadian Natural Resources Ltd. has acquired Tourmaline Oil Corp for approximately $800 million, consolidating a major natural gas producer into its portfolio. The deal brings Tourmaline’s Calgary-headquartered natural gas assets and production into Canadian Natural’s operations to expand scale, capabilities and market access across North America and international markets.

McEwen Mining Acquires Timberline Resources

April 16, 2024

Energy

McEwen Mining Inc. has entered into a definitive agreement to acquire all outstanding shares of Timberline Resources Corporation in an all-share merger. The deal will expand McEwen's portfolio of development and exploration projects in Nevada; Timberline shareholders will receive 0.01 of a McEwen share per Timberline share, implying a transaction value of roughly US$18.8 million (excluding McEwen’s existing ownership).

Uranium Energy Corp Acquires UEX Corporation

June 13, 2022

Energy

Uranium Energy Corp. (UEC) agreed to acquire all outstanding common shares of UEX Corporation (UEX) via a statutory plan of arrangement, using a share exchange of 0.0831 UEC shares for each UEX share (implied C$0.43 per UEX share, ~50% premium). The deal, expected to close in Q3 2022, combines UEC's U.S. production-ready ISR assets and physical uranium holdings with UEX's Canadian exploration portfolio in Saskatchewan and Nunavut to create a larger North American-focused uranium company.