Energy Fuels Announces Definitive Agreement to Acquire VAC for $1.9 Billion Equity Value ... Over the last decade, VAC has produced and shipped more than one (1) billion rare earth permanent magnets ... VAC is the only commercial European and U.S.
US critical minerals company Energy Fuels announced on Tuesday that it signed a definitive agreement to acquire German magnet maker Vacuumschmelze, or VAC, in a cash-and-stock deal valued at $1.9 billion.
Over the last decade, VAC has produced and shipped more than one (1) billion rare earth permanent magnets ...ErikEschen, President and Chief Executive Officer of VAC, stated ... In addition, VAC holds an existing $41 million grant from the U.S.