Nuclear Fuels

Nuclear Fuels Inc. was a Canadian-based uranium exploration company focused on advancing early-stage, district-scale in-situ recovery (ISR) amenable uranium projects toward production in the United States. The company had successfully consolidated the Kaycee district in Wyoming under single-company control for the first time since the early 1980s, establishing a dominant position in one of America's most productive uranium regions. 

With an extensive land package spanning a 35-mile trend featuring over 430 miles of mapped roll-fronts defined by 3,800 historical drill holes, Nuclear Fuels had assembled a substantial exploration portfolio in the Powder River Basin. The company's strategic approach leveraged extensive proprietary historical databases and deep industry expertise to identify and develop high-potential uranium targets. 

In September 2025, the company was acquired by Premier American Uranium Inc. through a statutory plan of arrangement, becoming a wholly-owned subsidiary and contributing its Wyoming assets to create one of the strongest uranium exploration portfolios in the United States.​

Nuclear Fuels Inc. was led by a seasoned management team with deep expertise in uranium exploration and development. Greg Huffman served as Chief Executive Officer, bringing extensive industry experience and strategic vision to the company's district-scale consolidation strategy. Gregory Huffman and Brahm Spilfogel, both former Nuclear Fuels directors, joined the expanded board of Premier American Uranium following the acquisition, ensuring continuity of leadership and strategic oversight. 

The integration of Nuclear Fuels' technical expertise with Premier American Uranium's experienced team created a strengthened leadership group capable of advancing the combined portfolio of assets across five of the nation's top uranium districts.​

As a development-stage uranium exploration company, Nuclear Fuels Inc. focused its financial resources on advancing the Kaycee Project through systematic exploration drilling and technical studies. The company's financial strategy prioritized efficient capital deployment across its 35-mile mineralized trend, funding drilling programs designed to expand historic resources and delineate economic uranium mineralization for future ISR mining. While specific financial metrics and capital structure details were not disclosed in public filings, the company's ability to maintain active work programs in 2023, 2024, and 2025 demonstrated access to sufficient capital for exploration activities. 

The acquisition by Premier American Uranium Inc. in September 2025 provided liquidity for Nuclear Fuels shareholders through an exchange ratio of 0.33 PUR shares per NF share, valuing the company based on the combined entity's prospects. The transaction structure, involving 32,521,748 PUR shares issued to NF shareholders, reflected the strategic value of the Kaycee district consolidation and its exploration potential within the Powder River Basin's productive uranium district.​

Nuclear Fuels Inc. successfully established itself as a significant uranium exploration company through its strategic consolidation of the Kaycee district in Wyoming's Powder River Basin. By assembling a district-scale land position with exceptional exploration potential and over 430 miles of mapped roll-fronts, the company created substantial value for shareholders. The strategic relationship with enCore Energy Corp. provided a clear development pathway, while systematic drilling programs demonstrated the district's growth potential. 

The acquisition by Premier American Uranium in September 2025 represented the successful culmination of Nuclear Fuels' consolidation strategy, contributing its Wyoming assets to create one of the strongest uranium exploration portfolios in the United States. This transaction positioned former Nuclear Fuels shareholders to benefit from a larger, diversified company with assets across five top uranium districts and the financial capacity to advance multiple projects simultaneously. 

Nuclear Fuels' legacy as a pure-play U.S. uranium exploration company with district-scale assets and strategic partnerships established a strong foundation for continued development within the combined entity, contributing to domestic energy security and the clean energy transition.​