Energy Fuels Discloses Arbitration Following GM's Termination of e-VAC Magnetics Supply Agreement

Energy Fuels disclosed that General Motors terminated its supply agreement with e-VAC Magnetics on July 1, 2026, following the company's agreement to acquire e-VAC for $1.9 billion in June 2026. In response, e-VAC Magnetics has initiated arbitration to seek payments owed under the contract. The outcome of this arbitration may lead to an adjustment in the purchase price for e-VAC Magnetics, marking a significant development in Energy Fuels' acquisition strategy in the rare-earth sector.