ENERGY FUELS INC

On June 23, 2026, IE Aggregator, together with Ara VAC Holdings, Ltd. and Ara VAC Blocker, SLP, entered into an Agreement and Plan of Merger (the “Agreement”) with Energy Fuels Inc. (“Energy Fuels”) pursuant to which Energy Fuels will acquire 100% of the equity interests in Ara VAC TopCo GmbH (“German TopCo”) and Ara VAC TopCo US LLC (“US TopCo”) through a series of merger transactions for total cash and equity consideration with an implied equity value of approximately $1.9 billion. The transaction remains subject to customary closing conditions, including regulatory approvals, and is expected to close in the next 12 months.

The Group’s management believes the proposed transaction represents a significant strategic milestone for the Group and its stakeholders. Until the transaction closes, the Group will continue to operate its business in the ordinary course while working to satisfy the conditions necessary to complete the transaction.

Upon completion of the transaction, IE Aggregator is expected to remain in existence and retain the equity consideration received from Energy Fuels. As a result, the transaction is expected to represent the disposition of IE Aggregator’s operating business in exchange for cash and equity interests in Energy Fuels rather than liquidation of IE Aggregator. The Group’s management will continue to monitor developments related to the transaction and evaluate any resulting impacts on its operations, financial position, liquidity and capital resources.