{"url":"https://newsforagent.com/news/2026-10-15/energy-fuels-block-leviton-investigation-vac-deal","markdown_url":"https://newsforagent.com/news/2026-10-15/energy-fuels-block-leviton-investigation-vac-deal.md","title":"Energy Fuels Faces Block & Leviton Probe Over $1.9 Billion VAC Deal","headline":"Block & Leviton Investigates Energy Fuels Over Disclosures Tied to $1.9 Billion VAC Acquisition","description":"Block & Leviton is investigating Energy Fuels for possible securities law violations tied to its $1.9 billion VAC acquisition and a customer contract dispute.","section":"Legal & Disputes","published_at":"2026-10-15T13:09:49+00:00","modified_at":"2026-10-15T13:09:49+00:00","author":"News Desk","key_takeaways":["Block & Leviton is investigating Energy Fuels for potential securities law violations tied to its $1.9 billion acquisition of magnet maker VAC.","Energy Fuels disclosed on October 13, 2026, that the customer behind VAC's Sumter plant had been in a contract dispute since April 2026 and in arbitration since July 7.","Energy Fuels shares fell nearly 9% to a new 52-week low after the disclosures."],"companies":[{"name":"Energy Fuels","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000061c/energy-fuels","website":"https://www.energyfuels.com"}],"source":{"publisher":"Aktien","title":"Energy Fuels Investigation: UUUU Investors with Losses Should Contact Block & Leviton to Discuss Their Options","url":"https://www.wallstreet-online.de/nachricht/21530665-energy-fuels-investigation-uuuu-investors-with-losses-should-contact-block-leviton-to-discuss-their-options"},"other_sources":[],"tags":["Legal & Disputes","Energy Fuels"],"body_markdown":"Block & Leviton is investigating [Energy Fuels](https://akta.pro/company-profiles/000061c/energy-fuels) (NYSE American: UUUU) for potential securities law violations tied to its $1.9 billion acquisition of magnet maker VAC, the firm said on October 15, 2026. The Boston-based securities litigation firm announced the probe in a notice to investors who lost money on the stock, according to [Aktien](https://www.wallstreet-online.de/nachricht/21530665-energy-fuels-investigation-uuuu-investors-with-losses-should-contact-block-leviton-to-discuss-their-options).\n\n## Block & Leviton's Energy Fuels Investigation\n\nBlock & Leviton is examining whether Energy Fuels misled investors about the pending $1.9 billion acquisition of VAC. When Energy Fuels announced the deal on June 23, 2026, and again in its August 5, 2026 quarterly report, the company highlighted VAC's Sumter magnet plant and its customer relationships. On October 13, 2026, Energy Fuels filed a report disclosing that the customer behind the Sumter plant had been in a contract dispute with VAC since April 2026, had served notice of termination on July 1, and had been in arbitration since July 7. The company also acknowledged that it knew about the dispute while negotiating the acquisition. Following these disclosures, the company's shares have fallen to a new 52-week low, declining nearly 9%.\n\nBlock & Leviton said investors who purchased Energy Fuels common stock and have seen their shares fall may be eligible, whether or not they have sold their investment. The firm said it is investigating whether the company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money. Block & Leviton has also recently announced investigations into Lennar and Alignment Healthcare, according to Aktien.\n\n## Energy Fuels' VAC Deal and Rare Earth Plans\n\nEnergy Fuels is a US-based critical minerals company producing uranium, rare earth oxides, and vanadium, and building the first Western vertically integrated mine-to-magnet rare earth supply chain via the pending VAC and ASM acquisitions, according to [akta.pro company records](https://akta.pro/company-data). The company signed a definitive agreement in June 2026 to acquire 100% of Vacuumschmelze (VAC) from Ara Partners for approximately $1.9 billion in equity value, creating the first fully integrated Western mine-to-magnet rare earth platform. Energy Fuels also received a conditional $725 million, 20-year senior-secured debt commitment from the U.S. Department of War's Office of Strategic Capital to expand rare earth processing at White Mesa Mill and fund a planned US metals and alloy facility.\n\n## Earlier Energy Fuels Trading and Results\n\nEnergy Fuels shares fell 9% on October 7, 2026, while Oklo and Centrus Energy dropped 5% in a coordinated nuclear-sector selloff, with the Global X Uranium ETF down 5%, according to 247wallst. On October 6, 2026, Energy Fuels saw unusual options activity, with 27,033 call options purchased, a 37% increase over the typical daily volume, and Director Bruce D. Hansen bought 4,000 shares at $12.70, according to MarketBeat. Energy Fuels reported a Q2 net loss of $33.6 million, according to Seeking Alpha on September 23, 2026.\n\n## What Comes Next for Energy Fuels\n\nBlock & Leviton said it may file an action to attempt to recover losses on behalf of investors who have lost money. The firm directed investors to its case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}