Energy Fuels Inc. Completes US$243.4M Acquisition of Australian Strategic Materials (ASM)

Energy Fuels Inc. announced the completion of its acquisition of all ordinary shares of Australian Strategic Materials Limited (ASM) on August 28, 2026. The total consideration for the acquisition was approximately US$243.4 million, paid through a combination of cash and Energy Fuels shares.

Key Details

• Total Consideration: The acquisition was valued at approximately US$243.4 million, comprising US$217.2 million in share consideration and US$26.2 million in cash consideration.
• Shareholder Terms: For each ordinary share, ASM shareholders received AUS$0.13 in cash and 0.053 of an Energy Fuels common share (or equivalent CHESS Depositary Interest).
• Share Issuance: Energy Fuels issued a total of 14,808,572 new common shares as part of the transaction to satisfy the share consideration portion of the deal.