Energy Fuels Inc. (TSX:EFR) it has entered into binding agreements to acquire seventeen mineral concessions for approximately $27.5 million on May 19, 2022.The total consideration for this acquisition is $27.5 million in cash, consisting of deposit payments of $5.50 million due upon reaching certain milestones stated within the purchase agreements, and $22 million due at closing. Closing is expected to follow the 90-day due diligence period and is subject to Energy Fuels being satisfied with its due diligence investigations. Total consideration under the Purchase Agreement is $27 million consisting of $2.7 million due within ten working days of signing the Purchase Agreement, $2.7 million due thirty days after the commencement of the Company's ninety day due diligence period and $21.6 million due at closing.

The transactions is subject to customary terms and conditions for a transaction of this nature.