Part of an emerging
mine-to-magnet
rare earth champion

Australian Strategic Materials Ltd (ASM) is a wholly owned subsidiary
of Energy Fuels Inc. The Group has a long-term strategy to build a fully integrated,
mine-to-magnet rare earth supply chain, spanning mineral production,
rare earth separation, metals and alloys, and permanent magnets.

About ASM About Energy Fuels

Dubbo Project

A unique ore body positioned to meet growing global demand.

Korean Metals Plant

Providing an alternative integrated supply chain for high-tech metals.

Energy Fuels completes acquisition of ASM

ASM Securityholders have voted in favour of the Share Scheme and Option Scheme, approving the proposed acquisition by Energy Fuels Inc. of 100% of the fully paid ordinary shares in ASM (ASX: ASM) and 100% of ASM’s quoted options (ASX: ASMO). The Schemes were Implemented on 28 August 2026 and ASM Securities were removed from ASX at the close of trading, Monday 31 August 2026.

Access all the Transaction information
Logos of ASM and Energy Fuels side by side, separated by a plus sign, representing a collaboration or partnership between the two companies.

Latest News

  • Two people sit at a white office table, both smiling. Computer, office supplies, and papers are visible on the desk behind them.
    Energy Fuels completes acquisition of ASM
  • ASM Securityholders approve Schemes
  • A presenter speaks at the Diggers & Dealers Mining Forum 2026 with slides showing expansion plans, a bar chart, and photos of strip casters and furnaces.
    WATCH: Diggers & Dealers 2026
Patchy lichen and moss grow on rocky, dry ground rich in critical minerals, set in a rural landscape with scattered trees and fields in the background.

Dubbo Project

Our cornerstone rare earths and critical minerals mining and processing project

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Aerial view of an industrial complex featuring facilities focused on critical minerals, with large buildings, parking lots, and tree-lined roads, all surrounded by greenery and hills in the background.

Korean Metals Plant

Our flagship metals plant in production of rare earth metals and alloys

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ASM aims to provide an alternative supply chain for rare earths and critical minerals, ensuring sustainable practices and innovative solutions to meet
global demand.

More info