Energy Fuels says Australian Strategic Materials shareholders back takeover scheme

Reuters2026/08/12 12:37

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Energy Fuels’ planned acquisition of Australian Strategic Materials cleared a key hurdle as ASM securityholders backed the deal at scheme meetings.
ASM shareholders voted 98.23% in favor by votes cast, meeting the required thresholds; optionholders supported the option proposal by 99.97%.
Consideration: 0.053 new Energy Fuels CHESS Depositary Interests and A$ 0.13 cash per ASM share; A$ 0.50 cash per ASM option.
Court hearing is scheduled for Aug. 18, with effectiveness expected Aug. 19; implementation is targeted for Aug. 28, 2026.
Energy Fuels aims to add ASM’s rare earth metals and alloys capability, including its Korean Metals Plant, to build an integrated supply chain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energy Fuels Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608120835PR_NEWS_USPR_____TO24845) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Energy Fuels says Australian Strategic Materials shareholders back takeover scheme

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