Fusion Fuel Acquires Royal Uranium to Strengthen Clean Energy Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 18 2026
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Should l Buy HTOO?
Source: Benzinga
- Acquisition Overview: Fusion Fuel has entered into a definitive Share Exchange Agreement to acquire a controlling interest of 75-100% in Royal Uranium, issuing up to 3.75 million shares to Royal Uranium's shareholders, thereby enhancing its control in the clean energy sector.
- Diversified Asset Portfolio: This acquisition will provide Fusion Fuel with exposure to sixteen uranium and three natural gas royalties, expected to generate stable cash flow and benefit from the growing demand for clean energy as global electrification and AI infrastructure expand.
- Market Outlook Analysis: Global data center power demand is projected to surge by over 160% by 2030, while uranium demand is expected to outpace supply, creating a sustained structural deficit that further drives Fusion Fuel's strategic positioning in the clean energy market.
- Stock Performance: Despite slight gains in the broader market, Fusion Fuel's shares fell by 3.43% to $3.38, nearing its 52-week low of $2.92, reflecting ongoing challenges faced by the company.
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About HTOO
Fusion Fuel Green PLC is an Ireland-based holding company. The Company provides full-service energy engineering and advisory solutions. It specializes in green hydrogen and broader industrial gas applications. It has developed a Proton Exchange Membrane (PEM) electrolyzer, known as the Direct Coupled Photo Electrochemical Hydrogen Generator (the HEVO), which is used to produce green hydrogen. The HEVO technology incorporates a modular building-block architecture designed for small-to-midscale green hydrogen projects. Its focus is on research and development related to HEVO technologies. It is a supplier of electrolyzer technology for third-party-led and owned projects and offers engineering and procurement services for developers constructing hydrogen plants. Its solar-to-green hydrogen plant, H2Evora, comprises approximately 15 HEVO-Solar generators equipped with generation of HEVO micro-electrolyzer. Its subsidiaries are Fusion Fuel Spain, S.L., Fusion Fuel USA, Inc., and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Royalty Acquisition: Fusion Fuel plans to acquire a 2% Net Smelter Return (NSR) royalty from Royal Uranium on mineral claims MC00040006 and MC00040007, which is expected to enhance the company's mining investment portfolio in the Asia-Pacific region.
- Resource Potential: The Shea Creek Joint Venture has discovered four uranium deposits in the Western Athabasca Basin, with a 2022 technical report estimating uranium resources at 67.57 million pounds, indicating strong expansion potential that could drive future revenue growth.
- Market Demand: Global uranium demand is projected to reach 397 million pounds by 2040, a 118% increase from 2025 levels, while supply is expected to grow only 14%, creating an estimated annual deficit of approximately 197 million pounds, underscoring the importance of developing-stage resources.
- Strategic Partnership: Through the transaction with Royal Uranium, Fusion Fuel will gain long-term investment opportunities in uranium and natural gas resources, expected to enhance its market position in energy commodities in a capital-efficient manner.
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Appointment Announcement: Fusion Fuel has appointed James Passin, an investor in uranium, to its board of directors.
Strategic Focus: The company is undertaking a strategy focused on uranium royalty investments.
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- Contract Award: Fusion Fuel Green PLC's Middle East subsidiary has secured two engineering subcontracts totaling approximately $1.16 million for residential projects in Dubai, indicating steady demand for liquefied petroleum gas infrastructure in the region.
- Scope of Work: The subcontracts encompass the design, supply, installation, testing, and commissioning of centralized LPG systems for multiple buildings, with work commencing immediately in line with construction schedules.
- Operational Expansion: To support operational growth, Al Shola Gas has ordered a compact LPG delivery vehicle and expects two additional bobtail trucks to arrive by March 2026, enhancing delivery capacity and service coverage.
- Management Commentary: CEO John-Paul Backwell stated that these contracts will add meaningful engineering revenue to their Middle East operations and reinforce the value of their gas infrastructure capabilities, highlighting opportunities for expansion in engineering services and LPG distribution.
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- Acquisition Overview: Fusion Fuel has entered into a definitive Share Exchange Agreement to acquire a controlling interest of 75-100% in Royal Uranium, issuing up to 3.75 million shares to Royal Uranium's shareholders, thereby enhancing its control in the clean energy sector.
- Diversified Asset Portfolio: This acquisition will provide Fusion Fuel with exposure to sixteen uranium and three natural gas royalties, expected to generate stable cash flow and benefit from the growing demand for clean energy as global electrification and AI infrastructure expand.
- Market Outlook Analysis: Global data center power demand is projected to surge by over 160% by 2030, while uranium demand is expected to outpace supply, creating a sustained structural deficit that further drives Fusion Fuel's strategic positioning in the clean energy market.
- Stock Performance: Despite slight gains in the broader market, Fusion Fuel's shares fell by 3.43% to $3.38, nearing its 52-week low of $2.92, reflecting ongoing challenges faced by the company.
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- Acquisition Overview: Fusion Fuel Green (HTOO) saw an 11.8% pre-market increase on Wednesday after announcing its agreement to acquire a controlling interest in Royal Uranium Inc., valuing the Canadian company at approximately $15 million, indicating a strategic expansion into the uranium sector.
- Share Exchange Details: Under the deal terms, Royal Uranium shareholders will exchange over 78.5 million common shares for up to 3.75 million Fusion Fuel (HTOO) shares or equivalent pre-funded warrants, thereby enhancing Fusion Fuel's shareholder base.
- Uranium Portfolio: The acquisition will provide Fusion Fuel with a 75%-100% stake in Royal Uranium, granting access to a portfolio of 16 uranium and three natural gas royalties, thereby strengthening its market position in the Americas.
- Strategic Growth Outlook: CEO JP Backwell stated that by entering the uranium and clean energy royalty asset class, the company is seizing a strong structural growth opportunity that is increasingly vital to global energy development.
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- Acquisition Agreement: Fusion Fuel Green announced a definitive agreement to acquire a controlling stake in Royal Uranium Inc. through a share exchange, diversifying its portfolio of uranium and natural gas royalties across the Americas and enhancing its competitive position in the energy market.
- Uranium and Gas Royalties: The acquisition will provide Fusion Fuel with economic interests in 16 uranium royalties and three natural gas royalties, covering exploration, development, and production phases, which is expected to significantly support the company's future revenue growth.
- Positive Stock Reaction: Following the announcement, Fusion Fuel's shares surged nearly 11% in Wednesday's pre-market session, reflecting market optimism regarding the acquisition and potentially attracting more investor interest in the company.
- Strategic Expansion: This acquisition not only strengthens Fusion Fuel's market position in uranium and gas but also lays the groundwork for future sustainable development, demonstrating the company's forward-looking strategy in the energy transition.
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