Business
AEF Completes Acquisition of the South Woodie Woodie Manganese Project, Pilbara District, Western Australia
AEF has paid the remaining A$450,000 and issued 6,000,000 AEF shares for a 100% ownership interest in the South Woodie Woodie Manganese Project. The Project comprises 517.5km2 of tenure in a highly prospective manganese province encompassing multiple high-grade exploration targets grading over 40% Mn and a mineral resource estimate prepared in accordance with NI 43-101. A number of key technical milestones have already been achieved to fast-track High-Purity Manganese Sulphate Monohydrate...
About this update from Energy Fuels Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"AEF has paid the remaining A$450,000 and issued 6,000,000 AEF shares for a 100% ownership interest in the South Woodie Woodie Manganese Project.","length":144,"tagName":"p"}]},{"val":[{"type":"text","content":"The Project comprises 517.5km2 of tenure in a highly prospective manganese province encompassing multiple high-grade exploration targets grading over 40% Mn and a mineral resource estimate prepared in accordance with NI 43-101.","length":227,"tagName":"p"}]},{"val":[{"type":"text","content":"A number of key technical milestones have already been achieved to fast-track High-Purity Manganese Sulphate Monohydrate (HPMSM) commercialization, with a focus on US critical mineral supply chains.","length":198,"tagName":"p"}]},{"val":[{"type":"text","content":"Long-lead time environmental studies and PFS underway. ","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"Manganese-based chemistries are essential for EVs and energy storage systems and are a key enabler for integrating intermittent renewable energy sources.","length":153,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":776,"olType":false},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - AE Fuels Corporation (TSXV: AEF) ("AEF" or the "Company") is pleased to announce that its wholly owned subsidiary, Advanced Energy Fuels, Inc. ("Advanced") has exercised its Option with Trek Metals Ltd ("Trek") pursuant to an Option and Acquisition Agreement dated September 9, 2024 ("Option Agreement"). In accordance with the terms of the Option Agreement, Advanced paid A$450,000 in cash, and issued an additional 6,000,000 AEF shares, bringing the total number of shares issued to Trek to 8,000,000. Advanced now has a 100% ownership interest in the South Woodie Woodie Manganese Project ("South Woodie Woodie" or the "Project")1.","length":771,"tagName":"p"},{"type":"text","content":"Gary Lewis, Chief Executive Officer and Director of the Company, said: "Exercising the option and securing 100% ownership of South Woodie Woodie is a key step for AEF. We now have a defined resource base and a clear pipeline of technical work to de-risk the Project, from beneficiation through to purification and HPMSM crystallization. In 202...