What is the total value and structure of Energy Fuels' acquisition of Vacuumschmelze GmbH?

Energy Fuels will acquire 100% of Vacuumschmelze GmbH (VAC) for about $1.9 billion in cash and stock, comprising $718 million in cash and 65.853 million newly issued Energy Fuels common shares.

Why is this acquisition strategically significant in the context of global critical mineral supply chains?

The acquisition creates a rare earths-to-magnets business to serve defense, automotive, and technology customers, aligning with U.S. and European efforts to secure critical mineral supplies and reduce dependence on China, which dominates global rare earth mining, processing, and magnet manufacturing.

Energy Fuels to buy magnet manufacturer Vacuumschmelze GmbH for $1.9 billion

Jun 23, 2026

Energy Fuels plans to acquire German magnet maker Vacuumschmelze for $1.9 billion to build a rare earths-to-magnets supply chain. The deal seeks to reduce reliance on China for critical minerals used in defense and automotive sectors.

reuters

2026-06-23

Energy Fuels to buy magnet manufacturer Vacuumschmelze GmbH for $1.9 billion

Energy Fuels to buy magnet manufacturer Vacuumschmelze GmbH for $1.9 billion

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