Fusion Fuel released an update outlining its 2026–27 revenue and net income targets plus plans to acquire 100% of Royal Uranium with an indicative royalty valuation. It set a June 8, 2026 EGM to vote on the acquisition, conversion of 4.17 million preferred shares and renaming to Fusion Elements plc.
Fusion Fuel released an investor update video and presentation detailing its operational progress and strategic focus. The materials outline revenue and net income targets for fiscal 2026 and 2027 and provide an indicative valuation for uranium royalties held by Royal Uranium Inc.
The company reiterated its commitment to acquire up to 100% of Royal Uranium’s equity under the February 18, 2026 Share Exchange Agreement. Management highlighted expected benefits from the uranium royalties and integration into its diversified energy platform.
At the June 8 EGM, shareholders will vote on converting 4,171,327 Series A Convertible Preferred Shares into ordinary shares under the terms fixed by the board. The conversion aims to simplify the capital structure and consolidate equity.
Fusion Fuel scheduled an Extraordinary General Meeting on June 8, 2026 to approve the Royal Uranium acquisition, preferred share conversion and a corporate name change to Fusion Elements plc. The board unanimously recommends shareholders vote in favor of all three resolutions.
