Energy Fuels Inc. completes acquisition of Uranerz Energy Corporation

On June 18, 2015, Energy Fuels. (Energy Fuels) completed the acquisition of Uranerz Energy Corporation (Uranerz) in a merger transaction valued at approximately $135 million. The transaction was a unique and complex cross-border transaction involving the acquisition of a US public corporation (Uranerz) by a Canadian public company (Energy Fuels), with both companies being listed on the TSX and the NYSE MKT stock exchanges. The transaction included the filing and clearance of a Form F-4 registration statement with the United States Securities and Exchange Commission. Energy Fuels issued approximately 25 million common shares to the shareholders of Uranerz, with the continuing ownership of Energy Fuels being split between the former shareholders of Uranerz (55 per cent) and the original shareholders of Energy Fuels (45 per cent). The business combination creates a unique US-based uranium company with both hard-rock and in-situ uranium mining operations and a substantial uranium resource base.

Borden Ladner Gervais LLP acted as Canadian counsel to Energy Fuels with a team led by Mark Wheeler that included Jason Saltzman, Linda Tu and Daniel Lang.

Dorsey & Whitney LLP acted as US counsel to Energy Fuels with a team that included Richard Raymer, James Guttman, Daniel Nauth, John Hollinrake and Thomas Swigert.

McMillan LLP acted as counsel to Uranerz with a team led by Michael Taylor that included Peter Botz, Leo Raffin, Cory Kent and Daniel Lau.

Gibson Dunn & Crutcher LLP acted as counsel to the special committee of Uranerz with a team that was led by John Williams, and included Andrew Hirsch and Cem Surmeli.


Mark F. Wheeler Jason M. Saltzman Daniel Lang Michael H. Taylor Peter Botz Leo Raffin Cory H. Kent Daniel Lau