On March 19, 2024, Premier American Uranium Inc. ("PUR") agreed to acquire American Future Fuel Corporation ("AMPS") in a transaction where AMPS shareholders received 0.170 PUR share for each AMPS share, valuing AMPS at $0.507 per share. This deal marked a 66.1% and 57.3% premium over AMPS's closing and 20-day VWAP prices, respectively, on the CSE. The combined entity's implied equity value reached approximately $129 million. The acquisition incorporated the Cebolleta Uranium Project in New Mexico into PUR’s portfolio, enhancing its presence in major U.S. uranium districts and raising its market capitalization to over $129 million. Colin Healey was appointed CEO of PUR, and Tim Rotolo became Chairman. The transaction, expected to close in the second quarter of 2024, required approval from 66 2/3% of AMPS shareholders. Legal advisories were provided by Cassels Brock & Blackwell LLP for PUR and Farris LLP for AMPS, with financial advisories by Red Cloud Securities Inc. and Cormark Securities Inc., respectively. Cairn Merchant Partners LP provided a fairness opinion to the AMPS Board.