Cavalry capital corp. announces definitive agreement for proposed business combination with advanced energy fuels, inc.

Vancouver, british columbia--(newsfile corp. - july 29, 2025) - cavalry capital corp. (tsxv: cvy.p) ("cavalry" or the "company") is pleased to announce that it has entered into a definitive share exchange agreement dated july 17, 2025 (the "agreement") regarding a planned business combination (the "transaction") with advanced energy fuels, inc. ("advanced energy"), as previously announced by cavalry on may 16, 2025. pursuant to the agreement, cavalry will acquire all of the outstanding common shares of advanced energy, and the shareholders of advanced energy will receive common shares of cavalry in exchange for their common shares of advanced energy on the basis of one post-consolidation common share of cavalry for each common share of advanced energy.
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