Fusion Fuel to Acquire 19 Uranium and Natural Gas Royalties
Fusion Fuel will acquire a controlling stake in Royal Uranium through a share exchange, adding 19 royalties (16 uranium and 3 natural gas) across the Americas, including the Athabasca Basin, Colombia’s Berlin project, Argentina and Newfoundland. Deal provides Alberta gas cash flow and uranium exposure during supply deficits.
1. Transaction Details
Fusion Fuel entered a definitive share exchange agreement dated February 18, 2026, to acquire a controlling interest in Royal Uranium Inc. in exchange for Fusion Fuel shares. The transaction grants Fusion Fuel full rights to 19 clean energy royalties, immediately diversifying its asset base into uranium and natural gas royalties.
2. Portfolio Composition and Geographic Reach
The acquired royalty portfolio includes 16 uranium and 3 natural gas royalties across the Americas, featuring projects in the Athabasca Basin, the Berlin project in Colombia, plus assets in Argentina and Newfoundland, as well as producing natural gas royalties in Alberta providing cash flow.
3. Financial and Strategic Impact
The royalty structure requires no capital expenditures or operating cost obligations, offering high-margin, scalable cash flow and embedded leverage to uranium and gas price appreciation. This positions Fusion Fuel for long-term participation in structural uranium supply deficits and rising AI data center power demand.