09:16 AM EDT, 09/12/2024 (MT Newswires) -- Energy Fuels ( UUUU ) said Thursday that the Federal Court of Australia approved its proposed acquisition of Base Resources through a scheme of arrangement.

Under the deal, Energy Fuels ( UUUU ) will acquire 100% of Base's shares by issuing 0.026 Energy Fuels ( UUUU ) shares for each Base share, along with a special dividend of 0.065 Australian dollars ($0.043) per Base share, payable Oct. 1.

The acquisition is set to close on Oct. 2, with Base's last trading day on the Australian Stock Exchange expected to be Sept. 13, Energy Fuels ( UUUU ) said.

Price: 4.9400, Change: +0.04, Percent Change: +0.82