AcquisitionsMay 18, 2026, 08:32 AM
Fusion Fuel Green to Acquire Royal Uranium Inc.; Proposes Name Change
AI Summary
Fusion Fuel Green PLC will convene an Extraordinary General Meeting on June 8, 2026, to seek shareholder approval for three key resolutions. These include the proposed acquisition of Royal Uranium Inc., which will diversify Fusion Fuel's business into the natural resources royalty sector. Shareholders will also vote on the conversion of 4,171,327 Series A Convertible Preferred Shares and a change of the company's name to Fusion Elements plc. The Board unanimously recommends voting in favor of all resolutions, viewing them as interconnected components of a broader strategy to become a diversified, multi-energy platform.
Key Highlights
- EGM scheduled for June 8, 2026, at 1:00 p.m. Irish Time.
- Proposed acquisition of up to 100% of Royal Uranium Inc.
- Consideration for acquisition: issuance of up to 3,750,025 Ordinary Shares.
- Acquisition shares represent approximately 57.2% of enlarged share capital.
- Approval sought for conversion of 4,171,327 Series A Convertible Preferred Shares.
- Proposed company name change from Fusion Fuel Green PLC to Fusion Elements plc.
- Board unanimously recommends shareholders vote "For" all three resolutions.
- Investor update video and presentation expected on May 27, 2026.
Price Impact
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