US EditionEnergy Fuels to Acquire Australian Strategic Materials in Rare Earth Supply Chain Push
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Energy Fuels and Australian Strategic Materials Unite to Build a New Rare Earths Powerhouse for Western Markets
The rare earth supply chain just moved a step closer to Western self-sufficiency. In a landmark deal, Australian Strategic Materials Ltd. (ASX: ASM) will be acquired by Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR), creating what ASM CEO Rowena Smith calls a “rare earth mine all the way through to alloy champion.” The transaction, valued at approximately A$447 million, brings together ASM’s metallisation and alloying capabilities with Energ…
Sky News Interview - Energy Fuels to acquire Australian Strategic Materials
ASM Managing Director & CEO Rowena Smith joined Ross Greenwood on Sky News’ Business Now programme to discuss the proposed acquisition of Australian Strategic Materials (ASM) by Energy Fuels Inc.This combination will create a near-term Western ‘mine to metal & alloy’ rare earths champion — providing ASM shareholders with a significant premium and ensuring they retain the opportunity to participate in the substantial upside of a larger, better ca…
"From the mine to metal and alloy." This is the course now being pursued by the American producer of uranium, rare earths and other critical materials Energy Fuels, which signed an agreement for the acquisition of 100% of the share capital issued by its Australian colleague, Australian Strategic Materials (ASM). The transaction valued ASM at $299 million (nearly €255 million) and will be carried out by way of an acquisition agreement under Austr…
Energy Fuels Inc. (TSX:EFR) - Fully Integrating REE Supply Chain With ASM’s Acquisition - Research Portal
Energy Fuels (EFR) announced that it plans to acquire Australian Strategic Materials Ltd. (ASX:ASM, Not Rated) in an all-share deal valued at US$299M (A$447M), representing >100% premium to ASM’s previous close. The deal would combine ASM’s REE metal and alloy producing capabilities at its operational Korean Metals plant (KMP) and its planned American Metals plant (AMP) with EFR’s REE mining and separation capabilities at the White Mesa mill in …
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