InvestSMART

Australian Strategic Materials Limited (ASX:ASM)

ALERT: Price-sensitive ASX Announcement for ASM
Current share price for ASM : $1.220 0.225 (22.61%)+
Announcement
Release
31 Jul 2026 12:29PM
Price at Release
$0.995
Full Release
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Summary
Australian Strategic Materials Limited (ASM) announced the dispatch of a Supplementary Scheme Booklet regarding the proposed acquisition by EFR Critical Materials Pty Ltd, a subsidiary of Energy Fuels Inc. This involves a scheme of arrangement for 100% acquisition of ASM's shares and options. The document, approved by the Federal Court of Australia, provides updates on the schemes, including a new timeline and an Independent Expert's Report. Shareholders and optionholders are advised to read the booklet thoroughly before voting in the scheme meetings scheduled for 12 August 2026.
Key Points
  • Dispatch of Supplementary Scheme Booklet by ASM.
  • Proposed acquisition by Energy Fuels' subsidiary.
  • Approval by the Federal Court of Australia.
  • Share and Option Scheme of Arrangement.
  • Supplementary information on Energy Fuels Announcements.
  • Updated timetable for Schemes.
  • New Independent Expert's Report.
  • Scheme Meetings rescheduled to 12 August 2026.
  • Encouragement for shareholders to vote.
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.