InvestSMART

Australian Strategic Materials Limited (ASX:ASM)

ALERT: Price-sensitive ASX Announcement for ASM
Current share price for ASM : $1.200 0.14 (13.21%)+
Announcement
Release
6 Aug 2026 12:05PM
Price at Release
$1.060
Full Release
download
Summary
The document announces a Second Court Hearing concerning Australian Strategic Materials Limited (ASM) and the proposed acquisition by EFR Critical Materials Pty Ltd, a subsidiary of Energy Fuels Inc. This acquisition involves all fully paid ordinary shares and quoted options of ASM through a members’ scheme of arrangement (Share Scheme) and a creditors’ scheme of arrangement (Option Scheme), respectively. The hearing, to be held on 18 August 2026, follows the approval of these schemes by the required majority of ASM shareholders and optionholders. The announcement details the procedures for shareholders and optionholders who wish to appear, be heard, or oppose the schemes at the court hearing.
Key Points
  • Notice of Second Court Hearing for the Schemes.
  • Australian Strategic Materials Limited (ASM) proposed acquisition by EFR Critical Materials Pty Ltd.
  • Acquisition involves 100% of ASM shares and quoted options.
  • Schemes outlined under Part 5.1 of the Corporations Act 2001 (Cth).
  • Share Scheme and Option Scheme to be voted on by ASM Shareholders and Optionholders.
  • The Second Court Hearing is scheduled for 18 August 2026.
  • ASM Shareholders and Optionholders have rights to appear and be heard at the hearing.
  • Proper notice of opposition must be filed before the hearing date.
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.