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Brahm Spilfogel Joins Nuclear Fuels Board of Directors

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Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) has announced the appointment of Brahm Spilfogel to its Board of Directors, effective immediately. Spilfogel, an award-winning financial executive with over 25 years of experience in resource portfolio management, will also serve on the Audit and Compensation Committees. The company has also announced a $98,750 CDN private placement, with Spilfogel participating for 250,000 shares at $0.395 per common share.

Spilfogel recently retired from RBC Global Asset Management, where he co-managed portfolios exceeding $2 billion. The company has granted him incentive stock options for 300,000 common shares at $0.395 per share, expiring October 9, 2027. Additionally, Nuclear Fuels announced the retirement of Lawrence Lahusen from the Board of Directors.

Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) ha annunciato la nomina di Brahm Spilfogel nel suo Consiglio di Amministrazione, con effetto immediato. Spilfogel, un dirigente finanziario premiato con oltre 25 anni di esperienza nella gestione di portafogli di risorse, servirà anche nei Comitati di Revisione e Compensazione. L'azienda ha inoltre annunciato un collocamento privato di $98,750 CDN, di cui Spilfogel parteciperà con 250.000 azioni a $0.395 per azione ordinaria.

Spilfogel si è recentemente ritirato da RBC Global Asset Management, dove ha co-gestito portafogli superiori a $2 miliardi. L'azienda gli ha concesso opzioni su azioni incentive per 300.000 azioni ordinarie a $0.395 per azione, in scadenza il 9 ottobre 2027. Inoltre, Nuclear Fuels ha annunciato il ritiro di Lawrence Lahusen dal Consiglio di Amministrazione.

Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) ha anunciado el nombramiento de Brahm Spilfogel en su Junta Directiva, con efecto inmediato. Spilfogel, un ejecutivo financiero galardonado con más de 25 años de experiencia en la gestión de carteras de recursos, también formará parte de los Comités de Auditoría y Compensación. La empresa también ha anunciado un colocación privada de $98,750 CDN, en la que Spilfogel participará con 250,000 acciones a $0.395 por acción común.

Spilfogel se retiró recientemente de RBC Global Asset Management, donde co-gestionó carteras que superaban los $2 mil millones. La empresa le ha otorgado opciones sobre acciones de incentivo para 300,000 acciones comunes a $0.395 por acción, con vencimiento el 9 de octubre de 2027. Además, Nuclear Fuels ha anunciado la retirada de Lawrence Lahusen de la Junta Directiva.

핵연료 주식회사 (CSE: NF) (OTCQX: NFUNF)는 Brahm Spilfogel을 이사회에 임명했다고 발표했습니다, 즉시 효력이 발생합니다. Spilfogel은 자원 포트폴리오 관리에서 25년 이상의 경험을 지닌 수상 경력이 있는 재무 임원으로, 감사 및 보상 위원회에서도 활동할 예정입니다. 회사는 또한 $98,750 CDN의 사모 배정을 발표했으며, Spilfogel은 보통주 250,000주를 주당 $0.395에 참여할 것입니다.

Spilfogel은 최근 RBC 글로벌 자산 관리에서 은퇴했으며, 그곳에서 $20억이 넘는 포트폴리오를 공동 관리했습니다. 회사는 그에게 300,000주에 대한 인센티브 스톡 옵션을 주당 $0.395로 부여했으며, 2027년 10월 9일 만료됩니다. 또한, 핵연료는 Lawrence Lahusen이 이사회에서 은퇴했다는 소식을 전했습니다.

Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) a annoncé la nomination de Brahm Spilfogel au sein de son Conseil d'Administration, avec effet immédiat. Spilfogel, un cadre financier primé avec plus de 25 ans d'expérience dans la gestion de portefeuilles de ressources, siégera également au sein des Comités d'Audit et de Rémunération. L'entreprise a également annoncé un placement privé de 98 750 $ CDN, auquel Spilfogel participera avec 250 000 actions à 0,395 $ l'action ordinaire.

Spilfogel a récemment pris sa retraite de RBC Global Asset Management, où il a co-géré des portefeuilles dépassant 2 milliards de dollars. La société lui a accordé des options d'achat d'actions pour 300 000 actions ordinaires au prix de 0,395 $ par action, expirant le 9 octobre 2027. De plus, Nuclear Fuels a annoncé le départ de Lawrence Lahusen du Conseil d'Administration.

Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) hat die Berufung von Brahm Spilfogel in seinen Vorstand bekannt gegeben, die sofort wirksam ist. Spilfogel ist ein ausgezeichneter Finanzmanager mit über 25 Jahren Erfahrung im Management von Ressourcenportfolios und wird auch in den Prüfungs- und Vergütungsausschüssen tätig sein. Das Unternehmen hat zudem eine Privatplatzierung von $98,750 CDN angekündigt, an der Spilfogel mit 250.000 Aktien zu einem Preis von $0.395 pro Stammaktie teilnehmen wird.

Spilfogel ist kürzlich aus dem RBC Global Asset Management ausgeschieden, wo er Portfolios mit einem Wert von über $2 Milliarden co-gemanged hat. Das Unternehmen hat ihm Optionsscheine für 300.000 Stammaktien zu einem Preis von $0.395 pro Aktie gewährt, die am 9. Oktober 2027 auslaufen. Darüber hinaus hat Nuclear Fuels den Rücktritt von Lawrence Lahusen aus dem Vorstand angekündigt.

Positive
  • Appointment of experienced financial executive Brahm Spilfogel to the Board of Directors
  • Private placement of $98,750 CDN, indicating investor confidence
  • Spilfogel's extensive experience in resource portfolio management and engagement with corporate boards
Negative
  • Retirement of Lawrence Lahusen from the Board of Directors

CSE:NF
OTCQX:NFUNF

VANCOUVER, BC, Oct. 10, 2024 /PRNewswire/ - Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) ("Nuclear Fuels" or the "Company") announced today the appointment, effective immediately, of Mr. Brahm Spilfogel to the Board of Directors. Mr. Spilfogel also will serve as a member of the Audit Committee and the Compensation Committee. In association with this appointment, the Company announces a $98,750 CDN private placement with Mr. Spilfogel participating for a total of 250,000 shares at a price of $0.395 per common share.

William M. Sheriff, Chairman of Nuclear Fuels commented, "It is with great pleasure that we welcome Brahm to the Board of Directors, enhancing our skill set with his multiple decades as a resource portfolio manager with one of Canada's most well-respected asset managers. I have worked with Brahm in various roles and welcome his expertise on the Board as we advance Nuclear Fuels in the prolific uranium state of Wyoming. I also thank Larry Lahusen, who has resigned from the Board, for his contributions to Nuclear Fuels."

Brahm Spilfogel, Director
Brahm Spilfogel is an award-winning financial executive with over 25 years of experience in resource portfolio management. He recently retired from RBC Global Asset Management where he served as Managing Director and Senior Portfolio Manager, co-managing a number of portfolios including the RBC Global Precious Metal Fund, RBC Global Resources Fund, and the RBC Small and Mid-Cap Resources Fund, with assets exceeding $2 billion. As one of Canada's most well-regarded resource portfolio managers, Brahm has actively engaged with corporate boards, offering strategic insights and contributing to governance, safety, and sustainability discussions. His deep expertise in the Resources sector extends to financial analysis, mergers and acquisitions, and capital markets. 

Throughout his career, Mr. Spilfogel has demonstrated exceptional leadership, mentoring colleagues and driving consistent fund performance. He holds a Bachelor of Commerce degree from McGill University and is a Chartered Financial Analyst (CFA). 

The Company also announces it has granted Mr. Spilfogel incentive stock options to purchase 300,000 common shares exercisable at a price of $0.395 per share, expiring October 9, 2027. The options will vest 1/3 every six months over an 18 month period. 

The Company also announced the retirement of Lawrence (Larry) Lahusen from the Board of Directors and thanks him for his service to the Company.

About Nuclear Fuels Inc.

Nuclear Fuels Inc. is a uranium exploration company advancing early-stage, district-scale In-Situ Recovery ("ISR") amenable uranium projects towards production in the United States of America. Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee Wyoming district under single-company control for the first time since the early 1980s. Currently executing its second drill program at the Kaycee Project, the Company aims to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts. The Company's strategic relationship with enCore Energy Corp., America's Clean Energy Company™, offers a mutually beneficial "pathway to production," with enCore retaining the right to back- in to 51% ownership in the flagship Kaycee Project in Wyoming's prolific Powder River Basin.

W: www.nuclearfuels.energy

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to planned exploration programs and the results of additional exploration work in seeking to establish mineral resources as defined in NI43-101 on any of our properties. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with the completing planned exploration programs and the results of those programs; the ability to access additional capital to fund planned and future operations; regulatory risks including exploration permitting; risks associated with title to our mineral projects; the ability of the company to implement its business strategies; and other risks including risks contained in documents available for review at www.sedar.com under the Company's profile. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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SOURCE Nuclear Fuels Inc.

FAQ

Who is the new board member appointed to Nuclear Fuels Inc. (NFUNF)?

Brahm Spilfogel, an award-winning financial executive with over 25 years of experience in resource portfolio management, has been appointed to the Board of Directors of Nuclear Fuels Inc.

What is the value of the private placement announced by Nuclear Fuels Inc. (NFUNF)?

Nuclear Fuels Inc. announced a private placement of $98,750 CDN, with Brahm Spilfogel participating for 250,000 shares at $0.395 per common share.

What stock options were granted to Brahm Spilfogel by Nuclear Fuels Inc. (NFUNF)?

Nuclear Fuels Inc. granted Brahm Spilfogel incentive stock options to purchase 300,000 common shares at $0.395 per share, expiring on October 9, 2027.

Which board member retired from Nuclear Fuels Inc. (NFUNF)?

Lawrence (Larry) Lahusen retired from the Board of Directors of Nuclear Fuels Inc.

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