$HTOO to selectively add new royalty interests over time.
As we continue expanding our energy platform, the existing royalty portfolio provides another layer of diversification, while additional royalty opportunities may further strengthen the platform over time.
$HTOO Through this model, we gain exposure to projects being advanced by experienced operators while maintaining our focus on capital discipline and portfolio diversification. Importantly, the opportunity begins with an existing portfolio of 19 royalties and the potential -
$HTOO For us, the significance goes beyond any single commodity. It highlights one example of the broader portfolio of royalty-backed resource assets that can provide exposure to multiple long-term resource trends.
$HTOO While much of the conversation around Royal Uranium has focused on uranium exposure, the underlying asset portfolio includeit s projects with broader mineral potential.
$HTOO Recent fieldwork identified visible uranium, copper, and vanadium mineralization at surface, along with a potential copper trend extending several kilometers. Jaguar Uranium has completed a sampling campaign, with laboratory results expected to be shared once available.
$HTOO Another proposal approved by shareholders relates to the conversion of the Series A Preferred Shares into ordinary shares.
We recognize that questions surrounding legacy shareholdings have been part of the conversation for some time.
$HTOO Shareholder approval represents an important step forward, providing a framework for the process as it continues through the necessary regulatory reviews and procedures. It also creates a clearer path for the company to keep advancing these efforts.
$HTOO The objective is straightforward: create a business with multiple avenues for growth while maintaining a disciplined approach to capital allocation and risk.
$HTOO The transition to Fusion Elements is rooted in a simple idea: the future of energy will not be defined by a single technology.
Rather than relying on a single technology or commodity,
$HTOO our strategy is centered on building exposure across multiple parts of the energy value chain.
Our gas businesses remain an important part of that vision and revenue growth, but we expect to see real value appreciation from the royalty-based assets.
$HTOO The transition to Fusion Elements plc reflects that evolution.
The new name better represents the business we have becomeโa diversified energy platform participating across multiple parts of the energy sector while continuing to build on our gas and hydrogen roots.
$HTOO When Fusion Fuel was founded, the company was focused on green hydrogen. Today, the business is active across a much broader range of energy markets.
$HTOO Alongside hydrogen, our operations now been mainly focused on conventional gas engineering and energy supply since the end of 2024 and we have recently added both our biomass plant and JV, and, subject to closing, the uranium and natural gas royalties portfolio.
$HTOO can provide an additional layer of diversification within a single transaction.
For shareholders, this means exposure that is not tied to a single project, geography, or commodity, supporting a broader long-term value creation strategy.
$HTOO While much of the attention has focused on uranium exposure, the broader portfolio behind the Royal Uranium transaction is equally important.
The royalty interests span multiple projects and jurisdictions, including assets in Canada, Argentina, and Colombia.
$HTOO The portfolio also includes exposure to both uranium and natural gas royalties, providing diversification across regions, assets, and energy markets.
As global electricity demand continues to grow, access to multiple energy-related revenue streams-