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Energy Fuels to Acquire ASM, Creating $447M Rare Earths Powerhouse
4:24pm on Monday 26th of January, 2026 AEDT
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Energy Fuels to Acquire ASM, Creating $447M Rare Earths Powerhouse
4:24pm on Monday 26th of January, 2026 AEDT
Key Points
Energy Fuels to acquire 100% of ASM via court-approved Scheme of Arrangement
Offer values ASM at A$1.60 per share, a 121% premium to recent prices
ASM shareholders to receive Energy Fuels shares or CHESS Depositary Interests plus a special dividend
ASM board unanimously recommends the scheme, subject to independent expert approval
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AUSTRALIAN STRATEGIC MATERIALS (ASX:ASM)
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