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acquisitionAnnounced · Jan 23, 2026Rare Earth ElementsSource · CredibleArticle · Factual
Energy Fuels acquires Australian Strategic Materials
David Najork · Founding Software Engineer
Published · Updated · 1 min read
Deal value
$299M
Target
Australian Strategic Materials
ASX: ASM · West Perth, Western Australia
Acquirer
Energy Fuels
Full Acquisition
Status
Pending
Energy Fuels agreed to acquire Australian Strategic Materials. Reported deal value: $299M. Status: Pending. Sector: Rare Earth Elements. Target headquarters context: West Perth, Western Australia, Australia.
This page summarizes publicly available information about the transaction as of 2026-01-23. Figures and status may change as filings and press coverage update.
WATCH: Sky News interview 23/ 01 /2026 ASM Managing Director & CEO Rowena Smith joined Ross Greenwood on Sky News ’ Business Now programme to discuss the proposed acquisition of Australian Strategic Materials by Energy Fuels Inc
Deal timeline
Announced
Jan 23, 2026 · asm-au.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Rare Earth Elements with a reported deal value of $299M. Figures and status may change as sources update.
Sources: asm-au.com · Primary article · FireStrike proprietary index