Vermilion Energy Acquires Leucrotta Exploration

Shell Acquires ARC Resources Ltd.

April 27, 2026

Oil & Gas

Shell plc agreed to acquire all outstanding shares of ARC Resources Ltd. in a cash-and-share transaction announced on April 27, 2026, with an enterprise value initially estimated at approximately US$16.4 billion. The acquisition closed on September 2, 2026, adding ARC’s Montney oil and gas production and reserves to Shell’s Canadian portfolio and supporting its production growth and integrated LNG strategy.

enCore Energy Enters Definitive Agreement to Sell New Mexico Uranium Assets to Verdera Energy

March 18, 2025

Energy

enCore Energy Corp. entered into a share purchase agreement with Verdera Energy Corp. for Verdera to acquire an enCore subsidiary holding Crownpoint, Hosta Butte, Nose Rock, West Largo, and Ambrosia Lake–Treeline uranium projects in New Mexico. The deal consideration includes 50,000,000 non-voting preferred shares of Verdera (about 73% of fully diluted shares), plus royalties and a $350,000 cash payment, with closing anticipated by March 31, 2025.

Vermilion Energy Acquires Westbrick Energy Ltd.

February 26, 2025

Oil & Gas

Vermilion Energy Inc. has completed the acquisition of Westbrick Energy Ltd., adding approximately 50,000 boe/d of production (75% gas), ~1.1 million (770,000 net) contiguous acres in Alberta's Deep Basin, and four operated gas plants with 102 mmcf/d capacity. Consideration includes cash and an option for Westbrick shareholders to elect Vermilion common shares (1.1 million shares elected, ~C$14.2 million), funded by cash on hand, a new C$450 million term loan and available revolving credit, with Vermilion citing significant operational synergies and a deep inventory of over 700 future drilling locations.

Vitesse Energy Acquires Lucero Energy in Accretive All-Stock Transaction

December 16, 2024

Oil & Gas

Vitesse Energy, Inc. will acquire Lucero Energy Corp. in an all-stock transaction valued at approximately US$222 million (fully diluted equity value). The deal is expected to close in the second quarter of 2025, and would add Lucero’s operated oil and gas production assets in the Bakken to Vitesse’s portfolio.

Spartan Delta Corp. Acquires Velvet Energy Ltd.

August 31, 2021

Energy

Spartan Delta Corp. closed the previously announced acquisition of Velvet Energy Ltd., a privately held light-oil Montney producer in northwest Alberta, for approximately CAD 751.5 million in cash, shares and assumed net debt. The deal (funded via equity financing, a new five-year term facility and revolver capacity) adds ~20,600 boe/d of production and large Montney acreage, positioning Spartan as a leading Montney oil producer and acreage holder.

Lion Electric Completes Business Combination with Northern Genesis Acquisition Corp.

May 6, 2021

Automotive

Lion Electric completed a business combination with special purpose acquisition company Northern Genesis Acquisition Corp., resulting in approximately US$490 million of net proceeds (including a concurrent PIPE). As a result of the transaction Lion began trading on the NYSE and TSX under the ticker LEV; the proceeds will be used to finance U.S. manufacturing expansion, develop battery systems and repay outstanding debt. Lion's founder and CEO Marc Bédard will continue to lead the company, and Northern Genesis directors Ian Robertson and Chris Jarratt joined the board.