Fusion Fuel entered into a share exchange agreement dated Feb. 18, 2026 to acquire a controlling interest in Royal Uranium. The transaction is intended to give Fusion Fuel royalty exposure to uranium and natural gas projects through Royal Uranium’s royalty portfolio. Royal Uranium holds a 2% net smelter return royalty on the Guanaco concession at Jaguar Uranium’s Laguna Salada project. Royal Uranium also holds 1% net smelter return royalties on Jaguar’s Berlin and Huemul uranium projects.

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