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Energy Fuels to Acquire ASM, Creating Western Rare Earths Powerhouse
9:08am on Wednesday 21st of January, 2026 AEDT
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Mining
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Energy Fuels to Acquire ASM, Creating Western Rare Earths Powerhouse
9:08am on Wednesday 21st of January, 2026 AEDT
Key Points
Energy Fuels proposes A$1.60 per ASM share, a 121% premium
Acquisition to create a mine-to-metal rare earths supply chain
ASM shareholders to own about 5.8% of combined entity
Transaction subject to shareholder, court, and regulatory approvals
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AUSTRALIAN STRATEGIC MATERIALS (ASX:ASM)
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