Energy Fuels (UUUU) Acquires VAC for $1.9 Billion, Boosts Western Rare Earth Supply Chain

Energy Fuels Inc. (UUUU) announces its acquisition of VAC for $1.9 billion, aiming to establish a fully integrated Western rare earth magnet supply chain. The deal positions Energy Fuels to become a key player in critical mineral processing outside of China, enhancing supply chain security. The acquisition of VAC, a leading producer of high-performance rare earth permanent magnets, complements Energy Fuels' existing rare earth processing capabilities at its White Mesa Mill in Utah. This strategic move is expected to bolster domestic production of essential materials for electric vehicles, wind turbines, and defense applications. The transaction seeks to reduce reliance on Chinese supply chains for these critical components.