Energy Fuels to Buy VAC, Create Western Mine-to-Magnet Rare-Earth Platform
Energy Fuels has signed a definitive agreement to acquire VAC for about $1.9 billion in cash and Energy Fuels stock, creating a fully integrated Western mine‑to‑magnet platform by combining Energy Fuels’ upstream REE assets with VAC’s global magnet manufacturing network; the deal contemplates financing such as a up to $725 million conditional loan from the U.S. Office of Strategic Capital and a $250 million Goldman Sachs term loan, with an expected close in early 2027 and Ara Partners retaining about 19.9% of Energy Fuels post‑close, while ASM and other expansions are aligned to boost downstream production.
