InvestSMART

Australian Strategic Materials Limited (ASX:ASM)

ALERT: Price-sensitive ASX Announcement for ASM
Current share price for ASM : $1.105 -0.155 (-12.30%)+
Announcement
Release
19 Jun 2026 9:10AM
Price at Release
$1.260
Full Release
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Summary
Australian Strategic Materials Limited (ASM) announced the postponement of its Scheme Meetings originally scheduled for 22 June 2026 due to the need for supplementary disclosure resulting from a recent Energy Fuels announcement. Energy Fuels has secured a conditional US$725 million financing commitment, necessitating further information for ASM security holders. ASM, in consultation with the proposed chairperson and board, decided to delay the meetings to a later date, which will be announced along with revised key dates. Despite the postponement, ASM’s board maintains its recommendation for the Schemes, assuming no Superior Proposal emerges and the Independent Expert continues to support the Schemes as beneficial for securityholders.
Key Points
  • Postponement of ASM Scheme Meetings originally scheduled for 22 June 2026.
  • Energy Fuels announcement triggered a need for supplementary disclosure.
  • Energy Fuels secured a US$725 million financing commitment.
  • New meeting dates and proxy deadlines to be announced.
  • ASM board continues to recommend voting in favor of the Schemes.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.