InvestSMART

Australian Strategic Materials Limited (ASX:ASM)

ALERT: Price-sensitive ASX Announcement for ASM
Current share price for ASM : $1.170 -0.005 (-0.43%)+
Announcement
Release
19 Aug 2026 11:45AM
Price at Release
$1.175
Full Release
download
Summary
Australian Strategic Materials Limited (ASM) has announced the effectiveness of schemes for the acquisition of its shares and options by EFR Critical Materials Pty Ltd, a subsidiary of Energy Fuels Inc. This acquisition results in ASM securities being suspended from ASX trading as of 19 August 2026, with eligible ASM shareholders entitled to receive both New Energy Fuels CDIs and a cash consideration per share. The exchange of shares and options with payments is scheduled for late August 2026, as the new shares will begin trading on international exchanges. The official quotation of ASM's existing shares and options will cease at the end of August 2026.
Key Points
  • Schemes become effective with court approval.
  • Acquisition by EFR Critical Materials Pty Ltd of 100% ASM shares and options.
  • ASM securities suspended from trading on ASX from August 19, 2026.
  • Shareholders to receive 0.053 New Energy Fuels CDIs and A$0.13 cash per ASM share.
  • Ineligible foreign shareholders' shares to be sold and proceeds distributed.
  • Option holders to receive A$0.50 per option.
  • Implementation date set for August 28, 2026.
  • New Energy Fuels shares to trade on NYSE American and TSX on August 28, 2026.
  • Normal trading of New Energy Fuels CDIs on ASX to commence August 31, 2026.
  • Official quotation of ASM shares and options to terminate on August 31, 2026.
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.