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Energy Fuels Buys Germany’s VAC for $1.9B in Rare Earths Deal

June 23, 2026 Jason Philyaw

Denver-based mining company Energy Fuels said on June 23 that it has acquired German magnetics company Vacuumschmelze, also known as VAC, from private equity firm Ara Partners for about $1.9 billion in cash and stock.

Canadian law firm Dentons, Minneapolis-based Dorsey & Whitney and British law firm Herbert Smith Freehills Kramer are the outside legal advisors to Energy Fuels.

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Jason Philyaw

Jason compiles the weekly Corporate Deal Tracker Roundup and covers the dealmakers behind the deals.

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