ASM is now a wholly owned subsidiary of Energy Fuels Inc.

On 28 August 2026, Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR | ASX: EF2), completed its acquisition of Australian Strategic Materials Limited (ASM), bringing ASM’s proven rare earth metal and alloy production together with Energy Fuels’ mining, processing and separation capabilities.

ASM’s Securities ceased quotation on ASX from close of trading on Monday, 31 August 2026, and ASM is now a wholly owned subsidiary of Energy Fuels.

Learn more about the transaction
Two people sit at a conference table with notebooks, drinks, and papers, smiling and engaged in discussion; a world map is visible on the wall behind them.
Ross Bhappu, President & CEO of Energy Fuels with
Rowena Smith, Managing Director & CEO of Australian Strategic Materials.

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