Finance > M-a

Energy Fuels' royalties deal will cancel some and add 'a trophy'

US-based uranium producer Energy Fuels (US:UUUU) has struck an agreement that will see it extinguish paying royalties on its Nichols Ranch in-situ project in Wyoming and gain “a trophy royalty” on Cameco’s North Butte property.

Staff reporter

Finance > M-a

Energy Fuels' royalties deal will cancel some and add 'a trophy'

US-based uranium producer Energy Fuels (US:UUUU) has struck an agreement that will see it extinguish paying royalties on its Nichols Ranch in-situ project in Wyoming and gain “a trophy royalty” on Cameco’s North Butte property.

Staff reporter

Energy Fuels' royalties deal will cancel some and add 'a trophy'

Deal will extinguish royalties on its Nichols Ranch uranium project

Excalibur Industries owns the royalties package and, under the agreement, Energy Fuels will acquire all Excalibur's issued and outstanding shares for US$3.5 million in Energy Fuels shares.