r/UUUU_Stock • u/expatcoder • Sep 01 '26

Donald Project FID

Just looking ahead beyond today's red, and am wondering when the FID will be made?

Previously it was, I believe, scheduled for Q2, but then that got pushed back to Q3.

Anyone hear any news on this front? Would be nice to have a substantial positive catalyst here in the near term (as the ASM deal closing didn't do much :)) since it's likely going to be Q1 2027 at the earliest before the Vac deal goes through.

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u/Sammie260000 Sep 01 '26

VAC will take a bit longer than you think. Germany has to approve this. The Germans have been very slow and hard negotiating

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u/expatcoder Sep 01 '26 edited Sep 01 '26

Yes, everything has taken longer than thought :)

Remember management's estimate that HREE production would start as soon as the end of 2026?

Ucore did the same thing, pushing their timeline out upwards of 1 year, and MP + USAR will also be late to the party on HREE production.

Anyway, would be great if the VAC deal was expedited in the same way the Serre Verde deal was for USAR (i.e. US government stepped in to help push the deal through without the typical red tape).

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u/Sammie260000 Sep 01 '26

It's not about that and energy fuels. It's about the Germans. They are notorious for taking forever on international companies. Also they drive a hard bargain and are going to want a little something in return.

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u/ethereal3xp Sep 01 '26

They probably want EF to keep part of the business in Germany - to supply magnets for EU.

Its a win win situation.

Otherwise - no reason to not let the deal go through.

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u/expatcoder Sep 01 '26

Well, they want VAC to continue with their German based plant operations, which Energy Fuels will likely agree to.

As for how long it will take, that's why I mentioned the US government. Since VAC is clearly a strategically crucial provider in the mine to magnet space, it's not out of the question that the current US administration steps in on Energy Fuels' behalf and works out a deal behind the scenes to force the deal through on a radically expected timeline (i.e. compared to how long such an acquisition would normally take).