Dentons, Canada’s Global Law Firm, is pleased to have advised Energy Fuels Inc. in connection with its definitive agreement to acquire Vacuumschmelze GmbH & Co. KG, Ara VAC TopCo US LLC and their respective consolidated subsidiaries (collectively VAC) from Ara Partners in a transaction valued at approximately US$1.9 billion.
The acquisition marks a significant milestone in Energy Fuels’ strategy to build a fully integrated rare earth business, combining mining, processing and permanent magnet manufacturing capabilities to help strengthen critical mineral supply chains across North America and Europe. As governments and industries increasingly prioritize secure, diversified sources of rare earth materials, the transaction positions Energy Fuels to support growing demand across sectors including automotive, aerospace, defence, electronics and advanced manufacturing.
The transaction will combine Energy Fuels’ rare earth mining, processing and refining platform with VAC’s magnet manufacturing expertise, creating a fully integrated mine-to-magnet rare earth platform positioned to capitalize on growing demand across critical industries.
Dentons advised Energy Fuels throughout the transaction, bringing together a multidisciplinary team with experience in complex cross-border M&A, tax and competition matters, leveraging the Firm’s global platform across multiple jurisdictions. The multidisciplinary Canadian legal team was led by Jason Saltzman and included Andreas Kloppenborg, Emeleigh Moulton, Anthony Berlingieri and Sélina Audino (Corporate), Mark Jadd and Dan Safi (Tax) and Sandy Walker (Competition). Reflecting the cross-border nature of the transaction, the Canadian team was supported by other Dentons offices led by Pauline Ngiam (Malaysia), Juraj Gyárfáš (Slovakia), Sung-Eun Stephan (South Korea), Hsu Li Chuan (Singapore) and Ambuj Sonal (India).
About Dentons Canada’s Mergers and Acquisitions group
Whether pursuing strategic acquisitions, transformative transactions or complex cross-border investments, Dentons helps clients navigate every stage of the deal lifecycle. Combining legal expertise, strong deal acumen and deep industry knowledge, our Mergers and Acquisitions team delivers practical, business-focused advice on significant domestic and cross-border transactions, backed by Dentons’ unparalleled geographic reach. Working seamlessly with specialists across tax, competition, regulatory and other practice areas, we help clients execute transactions efficiently and achieve successful outcomes.
About Energy Fuels
Energy Fuels is a leading US-based critical materials company focused on uranium, rare earth elements, heavy mineral sands, vanadium and medical isotopes. The company owns and operates uranium production assets in the western United States and the White Mesa Mill in Utah, the only fully licensed and operating conventional uranium processing facility in the United States. Energy Fuels is developing heavy mineral sands projects in Madagascar, Brazil and Australia and is listed on the NYSE American under the symbol UUUU and on the Toronto Stock Exchange under the symbol EFR.
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