Premier American Uranium Acquires Nuclear Fuels to Dominate U.S. ISR Uranium Exploration

U.S. ISR Uranium Consolidation Accelerates with Premier-Nuclear Fuels Merger

Premier American Uranium (TSXV: PUR, OTCQB: PAUIF) has announced a strategic acquisition of Nuclear Fuels (CSE: NF, OTCQX: NFUNF) in a transformative move for the U.S. uranium industry. The deal, valued at approximately C$102 million, unifies two key players in the American in-situ recovery (ISR) uranium space. This results in forming a dominant platform with 12 uranium projects across five states.

The acquisition will occur via a court-approved plan of arrangement. Nuclear Fuels shareholders will receive 0.33 shares of PUR for each NF share. This deal represents a 54% premium to NF’s recent market price and demonstrates PUR’s strong commitment to growth in uranium exploration. The pro forma company will hold a 104,000-acre land package, backed by technical depth and drilling momentum. It will position itself as the most active ISR uranium explorer in Wyoming for 2024.

Kaycee and Cyclone Projects Unite in Wyoming’s ISR Heartland

Wyoming’s Powder River and Great Divide Basins are about to see unprecedented uranium activity. Premier American Uranium’s Cyclone Project and Nuclear Fuels’ Kaycee Project—both prolific ISR targets—will now operate under a unified strategy. In 2024 alone, the two firms drilled a combined 368 holes totaling over 209,000 feet. This forms one of the largest exploration programs in the U.S. uranium sector.

The synergy goes beyond geography. The combined technical teams, shared geological databases, and financial backing will support rapid resource conversion. The company also holds a significant footprint in New Mexico’s Grants Mineral Belt. This includes the Cebolleta Project, which boasts 18.6 million pounds of U₃O₈ in Indicated resources. A resource update and PEA for Cebolleta are expected in summer 2025.

Strategic Ownership and Financial Strength Fuel Growth

This acquisition isn’t just about land and drill holes—it’s about power players backing the deal. Founding investors include Sachem Cove, IsoEnergy, enCore Energy, and Mega Uranium. Post-merger, these names will remain key stakeholders, ensuring capital, experience, and strategic focus guide the combined firm.

The company will hold C$14 million in cash, with enough runway to fund further exploration and pursue new M&A targets. A strengthened capital markets profile, with greater ETF and institutional interest, is expected to raise visibility and attract new investors.

SuperMetalPrice Commentary:

Premier American Uranium’s acquisition of Nuclear Fuels marks a pivotal moment for U.S. uranium supply independence. While ISR remains the most scalable and environmentally friendly extraction method, few companies match the new entity’s combination of assets, technical depth, and capital support. As global interest in nuclear energy accelerates, this transaction positions the new PUR as a frontrunner in America’s uranium resurgence. It is timed perfectly to meet rising demand.