Fusion Fuel Green PLC Acquires Royal Uranium Inc. in $15 Million Share‑Exchange Deal

HTOO
February 18, 2026

Fusion Fuel Green PLC entered into a definitive share‑exchange agreement to acquire a controlling interest in Royal Uranium Inc., a private royalty holder of uranium and natural gas assets across the Americas. The deal values Royal Uranium at $15 million and involves the issuance of up to 3,750,025 Fusion Fuel shares to Royal Uranium shareholders in exchange for 75‑100% of the company’s equity.

Royal Uranium’s portfolio includes sixteen uranium royalties and three producing natural gas royalties. The uranium holdings span the Athabasca Basin in Canada, the Berlin project in Colombia, and projects in Argentina and Newfoundland and Labrador, while the gas royalties are located in Alberta. The transaction gives Fusion Fuel immediate exposure to cash‑flow‑generating royalties with minimal operating risk, complementing its green‑hydrogen focus.

Management explained that the acquisition is a strategic pivot toward asset classes that are experiencing strong structural growth. CEO John‑Paul Backwell said, "By agreeing to acquire exposure to uranium and clean energy royalties, we are entering an asset class that is experiencing strong structural growth and is increasingly central to global energy development." The move is intended to diversify revenue streams and strengthen the company’s long‑term financial footing.

Fusion Fuel’s financial performance in the first half of 2025 showed €6.9 million in revenue, up from zero in the same period a year earlier, and operating losses narrowed to €2.9 million from €7.9 million. The acquisition of Royal Uranium is expected to accelerate this trend by adding a stable royalty income stream and reducing the company’s reliance on capital‑intensive green‑hydrogen projects.

Investors reacted positively to the announcement, reflecting confidence in the strategic rationale and the potential upside of uranium demand driven by AI‑powered data‑center growth and the global nuclear renaissance. The deal aligns Fusion Fuel with a growing market for clean energy royalties and positions it at the intersection of energy security, decarbonization, and emerging data‑center power needs.

The transaction is expected to close in the first half of 2026, subject to customary closing conditions. The share‑exchange structure and valuation underscore Fusion Fuel’s commitment to building a diversified portfolio of low‑operating‑cost, high‑growth assets.

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