Dublin, Feburary 18, 2026 — Leads & Copy —
Fusion Fuel Green PLC (NASDAQ:HTOO) has announced a definitive agreement to acquire a controlling interest in Royal Uranium Inc. in a strategic share exchange transaction.
The acquisition is expected to provide Fusion Fuel with exposure to uranium and natural gas markets, both experiencing high growth in global demand due to their roles in energy security, decarbonization, and the power needs of AI-driven data centers. The portfolio includes sixteen uranium and three natural gas royalties being developed and explored by industry leaders like Cameco, IsoEnergy, and Uranium Energy Corp.
Fusion Fuel believes the acquisition will allow them to participate in the energy sources required to power AI infrastructure, electrification, and global decarbonization. The company anticipates being positioned at the intersection of several structural trends, including the accelerating global demand for electricity, a growing structural supply deficit in uranium, and a strategic focus on secure, regional access to critical energy materials within the Americas.
Global data center power demand is expected to grow more than 160% by 2030, with AI-related power demand projected to increase significantly over the decade. Uranium demand is also forecast to increase through 2040, with supply growth lagging behind, creating a structural deficit environment.
Royal Uranium’s portfolio includes royalties from uranium miners operating projects in uranium districts, such as the Athabasca Basin, the Berlin Project in Colombia, and projects across Argentina and Newfoundland and Labrador.
The diversified royalty base is expected to provide exposure across multiple uranium operations, development stages, and jurisdictions, while avoiding direct operating risk and capital intensity. The portfolio also includes producing Alberta natural gas royalties that generate cash flow. These royalties are expected to provide near-term revenue while maintaining leverage to long-term structural energy demand growth.
Fusion Fuel expects the royalty structure to provide long-term revenue participation without operating cost exposure, no capital expenditure obligations, high-margin, scalable cash flow potential, and leverage to uranium and natural gas price appreciation.
JP Backwell, Chief Executive Officer of Fusion Fuel, stated that the acquisition allows the company to enter an asset class experiencing strong structural growth and is central to global energy development. Frederico Figueira de Chaves, Fusion Fuel’s Interim Chief Financial Officer and Chief Strategy Officer, noted that the Portfolio comprises high-quality royalty assets that offer long-term optionality without requiring additional capital investment by the Company.
Under the terms of the Share Exchange Agreement dated February 18, 2026, Fusion Fuel is expected to acquire between 75-100% of the shares of Royal Uranium, in consideration for the allotment of up to 3,750,025 shares in Fusion Fuel to the current shareholders of Royal Uranium.
The transaction is expected to close in the first half of 2026 and is subject to conditions, including approval by the Irish Takeover Panel and Fusion Fuel shareholder approval.
Royal Uranium is a private energy royalty entity holding a portfolio of uranium and natural gas royalties across mining jurisdictions in the Americas.
For more information, please visit www.fusion-fuel.eu and www.royaluranium.com.
Source: Fusion Fuel Green PLC
