Business
Cavalry Capital Corp. Announces Definitive Agreement for Proposed Business Combination with Advanced Energy Fuels, Inc.
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - Cavalry Capital Corp. (TSXV: CVY.P) ("Cavalry" or the "Company") is pleased to announce that it has entered into a definitive share exchange agreement dated July 17, 2025 (the "Agreement") regarding a planned business combination (the "Transaction") with Advanced Energy Fuels, Inc. ("Advanced Energy"), as previously announced by Cavalry on May 16, 2025. Pursuant to the Agreement, Cavalry will acquire all of the outstanding common sh
About this update from Energy Fuels Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - Cavalry Capital Corp. (TSXV: CVY.P) ("Cavalry" or the "Company") is pleased to announce that it has entered into a definitive share exchange agreement dated July 17, 2025 (the "Agreement") regarding a planned business combination (the "Transaction") with Advanced Energy Fuels, Inc. ("Advanced Energy"), as previously announced by Cavalry on May 16, 2025. Pursuant to the Agreement, Cavalry will acquire all of the outstanding common shares of Advanced Energy, and the shareholders of Advanced Energy will receive common shares of Cavalry in exchange for their common shares of Advanced Energy on the basis of one post-consolidation common share of Cavalry for each common share of Advanced Energy. As a result of the Transaction, Advanced Energy will become a wholly-owned subsidiary of Cavalry. It is expected that upon completion of the Transaction, the combined entity (the "Resulting Issuer") will meet the listing requirements for a Tier 2 mining issuer under the policies of the TSX Venture Exchange (the "TSXV"). The Transaction is intended to constitute the "Qualifying Transaction" of Cavalry, as such a term is defined in Policy 2.4 - Capital Pool Companies of the TSXV.","length":1325,"tagName":"p"},{"type":"text","content":"Subject to the satisfaction or waiver of the conditions set out in the Agreement, the following, among other things, are intended to be completed in connection with the Transaction:","length":181,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Cavalry will complete a consolidation of its outstanding share capital (the "Consolidation") on the basis of 1.66 pre-Consolidation Cavalry common shares for each post-Consolidation Cavalry common share. After the Consolidation, and prior to the completion of the Transaction and the issuance of securities under the Private Placement (as defined below), Cavalry will have approximately 3,893,072 Cavalry common shares, 369,842 stock options, and 238,705 warrants outstanding;","length":486,"tagName":"p"}]},{"val":[{"type":"text","content":"Cavalry will issue approximately 19,879,938 post-Consolidation Cavalry common shares to the former holders of Advanced Energy common shares (the "Purchase Price&q...