Fusion Fuel to acquire controlling interest in Royal Uranium

Fusion Fuel (HTOO) Green entered into a definitive agreement to acquire a controlling interest in Royal Uranium, a diversified portfolio of uranium royalties spanning the exploration and development sectors of the mining cycle, in a strategic share exchange transaction. The company said, “This acquisition is expected to provide Fusion Fuel with direct exposure to one of the most compelling and increasingly fundamental asset classes supporting global energy security and the rapid expansion of AI-driven infrastructure and the nuclear power required to support it. By gaining meaningful exposure to sixteen uranium and three natural gas royalties in the Americas, Fusion Fuel believes that it is poised to secure long-term economic participation in the energy sources increasingly required to power AI infrastructure, electrification and global decarbonization. The acquisition is expected to position Fusion Fuel at the intersection of three powerful structural trends: The accelerating global demand for electricity driven by the need for enhanced power security and the increasing demand from AI and data center infrastructure; A growing structural supply deficit in uranium, alongside a renewed global commitment to nuclear energy as a critical source for reliable, low-carbon baseload power; and An increasing strategic focus on secure, regional access to critical energy materials, particularly within the Americas, as governments and industries prioritize supply chain resilience, energy independence and regional security. Global data center power demand is expected to grow more than 160% by 2030, with AI-related power demand projected to increase materially over the balance of the decade.1 At the same time, uranium demand is forecast to increase significantly through 2040, with supply growth lagging demand, creating a structural deficit environment.” Fusion Fuel has entered into a definitive Share Exchange Agreement dated February 18 with certain shareholders of Royal Uranium, pursuant to which Fusion Fuel is expected to acquire between 75-100% of the shares of Royal Uranium, in consideration for the allotment of up to 3,750,025 shares in Fusion Fuel to the current shareholders of Royal Uranium. The transaction is expected to close in the first half of 2026.