Materials Wrap: ASM rockets on bid as 29Metals sinks on discounted raise

• Energy Fuels’ bid for Australian Strategic Materials triggered the week’s biggest re-price
• 29Metals slid after launching a discounted $150m raise to deal with operational disruption
• Uranium stocks lifted on production ramp-ups and US policy support
• Rare earths and other “hard-to-source” metals drew fresh attention from strategic buyers and governments