Energy Fuels agrees to acquire VAC for $1.9bn equity value
Energy Fuels entered a definitive agreement to acquire 100% of VAC from Ara Partners, subject to closing conditions.
Evidence notes
- The announced consideration comprises $718 million cash and 65.853 million Energy Fuels shares.
- The implied VAC equity value was $1.9 billion based on Energy Fuels’ 22 June 2026 closing price.
- The proposed combination links VAC permanent-magnet manufacturing with Energy Fuels rare-earth mining, processing and refining.
Company context
SCI import shell (pass 4 supplier-focus). Review before publish.