Fusion Fuel Green PLC Press Release on Potential Revenue from Royal Uranium Royalty
Fusion Fuel Green PLC has announced potential revenue from a net smelter return (NSR) royalty held by Royal Uranium Inc., a company Fusion Fuel is in the process of acquiring a controlling interest in. This royalty is linked to the Berlin Project in Colombia, where Jaguar Uranium Corp. is conducting an initial rare earth element (REE) assessment program. The Berlin Project historically shows uranium mineralization and also hosts associated REEs, including vanadium, phosphate, and others, positioning it as a potentially district-scale polymetallic asset. Jaguar Uranium plans to re-sample existing core to characterize REE potential, potentially avoiding immediate new drilling. Fusion Fuel views this as an opportunity to gain capital-efficient royalty exposure to critical minerals, aligning with its strategy to build a diversified royalty platform. The company anticipates gaining a 1.0% NSR royalty upon the successful closing of the acquisition of Royal Uranium, which is subject to certain closing conditions and regulatory approvals. The filing also includes standard forward-looking statement disclaimers, highlighting various risks and uncertainties associated with the project, the acquisition, and future operations.