Energy Fuels secured a $725 million conditional financing commitment from the U.S. Office of Strategic Capital to expand its rare earth and critical mineral capabilities. Following this, the company announced a definitive agreement to acquire Vacuumschmelze (VAC) for approximately $1.9 billion in cash and stock. The acquisition aims to establish an integrated rare earth magnet platform to serve the automotive, defense, and data center sectors, leveraging VAC's advanced manufacturing facility in South Carolina.
