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Australian Strategic Materials Limited (ASX:ASM)
ALERT: Price-sensitive ASX Announcement for ASM
Current share price for ASM : $1.025 -0.145 (-12.39%)+
Announcement
Release
26 Jun 2026 10:54AM
Price at Release
$1.170
Full Release
Summary
Australian Strategic Materials Limited (ASM) has announced an update regarding the proposed acquisition by EFR Critical Materials Pty Ltd, a subsidiary of Energy Fuels Inc. This acquisition involves a scheme of arrangement to purchase 100% of ASM's shares and quoted options. The company is preparing a supplementary Scheme Booklet to provide securityholders with additional details about financing and recent transactions undertaken by Energy Fuels. The Scheme Meetings originally scheduled for 22 June 2026 have been postponed, with new dates expected in early to mid-August 2026. Implementation of the Schemes is anticipated before the end of August 2026, subject to necessary approvals and conditions. The ASM Board continues to recommend that securityholders vote in favor of the Schemes.
Key Points
- Energy Fuels' acquisition of ASM by scheme of arrangement
- Supplementary Scheme Booklet being prepared
- Scheme Meetings postponed to early to mid-August 2026
- Implementation expected before the end of August 2026
- ASM Board recommends 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.
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