Energy Fuels Aims to dominate US production Good update on recent events by Uranium Investment News:
The largest conventional uranium producer in the United States, Energy Fuels (TSX:EFR,OTCQX:EFRFF) is en route to increasing its production by 500 percent now that it has finalized its acquisition of Strathmore Minerals (TSX:STM).
As of August 30, Energy Fuels has acquired all the issued and outstanding shares of Strathmore by way of a plan arrangement. Per the arrangement, Strathmore shareholders received 1.47 common shares of Energy Fuels for each common share of Strathmore for an approximate 19.5 percent of all outstanding Energy Fuel shares.
The acquisition of Strathmore was announced in late May 2013, and approval from shareholders, Korean utility KEPCO and the Supreme Court of British Columbia trickled in throughout the summer.
Link to full article: https://uraniuminvestingnews.com/15882/energy-fuels-aims-to-dominate-us-uranium-production-with-finalized-strathmore-acquisition.html