Energy Fuels to acquire German magnet manufacturer Vac for $1.9 billion

Glonghui, June 23 | U.S. mining company Energy Fuels has agreed to acquire German magnet manufacturer Vacuumschmelze for $1.9 billion. The transaction is expected to be completed in early 2027, and the consideration includes $718 million in cash and 65.853 million newly issued ordinary shares of Energy Fuels. Vac operates magnet production facilities in North America, Europe, and Asia, with a product portfolio including permanent magnets and soft magnetic materials.