Energy Fuels to Acquire VAC for $1.9 Billion, Creating Integrated Rare Earth Platform
Energy Fuels Inc. (UUUU) agreed to acquire Vacuumschmelze from Ara Partners for $1.9 billion in cash and stock at $16.12 per share, combining rare earth mining through permanent magnet manufacturing.
Energy Fuels Inc. () entered a definitive agreement to acquire 100% of Vacuumschmelze GmbH & Co. KG and its subsidiaries from Ara Partners for approximately $1.9 billion in cash and stock, based on Energy Fuels' closing share price of $16.12 on June 22, 2026 [1]. The transaction creates a vertically integrated rare earth elements platform spanning mining, processing, refining, and permanent magnet manufacturing.
VAC brings over 100 years of production expertise, more than 400 patents, and over 1,000 customers across North America, Europe, and Asia [1]. The company operates a state-of-the-art facility in Sumter, South Carolina, with capacity to produce 2,000 tonnes per annum of permanent magnets, scalable to 12,000 tonnes per annum [1]. VAC has identified a customer pipeline representing over $2 billion in annual permanent magnet revenue potential across automotive, defense, robotics, and data center sectors [1].
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