Fusion Fuel Shareholders Approve All Proposed Resolutions, Including Potentially Transformational Royal Uranium Acquisition

About this update from Fusion Fuel Green Plc

Royal Uranium Approval Expected to Advance Company's Potential Transformation into a Diversified Energy Platform DUBLIN, Ireland, June 09, 2026 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a diversified energy platform spanning conventional gas, clean-energy engineering, and biomass steam solutions, today announced that shareholders approved all resolutions presented at the Company's Extraordinary General Meeting ("EGM") held on June 8, 2026, including resolutions relating to the proposed acquisition of Royal Uranium Inc. ("Royal Uranium"), the conversion of the Company's Series A Convertible Preferred Shares (“Series A Preferred Shares”), and the Company's proposed name change to Fusion Elements plc. The approval of a resolution to authorize the anticipated acquisition of Royal Uranium and certain related matters marks a significant milestone in Fusion Fuel's anticipated transformation into a diversified energy platform. Upon completion, the transaction is expected to add a portfolio of uranium and energy royalty and similar interests spanning Canada, Colombia, and Argentina, including exposure to premier uranium-producing regions such as Canada's Athabasca Basin. The anticipated acquisition of Royal Uranium is expected to provide capital-light exposure to potential revenues from uranium and natural gas production without the operating and development risks associated with owning and operating the underlying assets. The Company believes the transaction positions the Company to benefit from several powerful long-term trends reshaping global energy markets, including increasing electricity demand driven by artificial intelligence, data centers, electrification and energy security initiatives. Completion of the Royal Uranium acquisition remains subject to the satisfaction of closing conditions, and the Company expects to complete the transaction in the near term. Separately, shareholders approved a resolution providing for the conversion of the Series A Preferred Shares into ordinary shares. The Series A Preferred Shares were issued under the Stock Purchase Agreement, dated November 18, 2024 (the “QIND Stock Purchase Agreement”), among Quality Industrial Corp. (“QIND”), the Company, Ilustrato Pictures International Inc. and other shareholders of QIND. Under the QIND Stock Purchase Agreement, the Company acquired...

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