Energy Fuels is set to acquire a German magnet maker, referred to as either Vacuumschmelze or VAC, in a deal valued at approximately $1.9 billion, although one report suggests the deal is worth $1.8 billion. The acquisition is seen as part of a larger effort to secure rare earth magnet production. The terms of the deal have been agreed upon, with Energy Fuels announcing a definitive agreement to acquire the German company.