https://newsletter.en.creamermedia.com
Energy|PROJECT|Resources
Energy|PROJECT|Resources
energy|project|resources

FIRB approves Energy Fuels’ acquisition of Base

The White Mesa mill in Utah

The White Mesa mill in Utah

21st August 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

US-based Energy Fuels has received written confirmation from the Foreign Investment Review Board(FIRB)  that the Australian government has no objections to its proposed merger with ASX- and Aim-listed Base Resources.

This FIRB approval fulfills one of the key conditions for the scheme of arrangement designed to combine Base with Energy Fuels. The only remaining regulatory conditions precedent are approval from the Malagasy Competition Council, which is still under review, and approval by Base’s shareholders and the Federal Court of Australia.

A shareholder vote is scheduled for September 5.

Energy Fuels in April made a move for Base, offering shareholders 0.026 a share plus a dividend of A$0.065 for each share held, for a total consideration of about A$0.302 a share.

The transaction will establish a global leader in the critical minerals sector with a focus on rare earth elements, uranium and heavy mineral sands production.

The deal will also create a platform for the funding and development of Base’s Toliara project in Madagascar, with future monazite production from the project to be processed at Energy Fuels’ operating White Mesa mill in Utah, US.

Edited by Creamer Media Reporter

Comments

Research Reports

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 September 2024
Magazine round up | 13 September 2024
13th September 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.386 0.476s - 190pq - 2rq
Subscribe Now