Australian Strategic Materials (ASM) has released its Quarterly Activities Report for the period ending 31 December 2025.
“Over the past two quarters, ASM has experienced growing momentum across the business, driven by increasing orders for NdFeB alloy and the market’s clear recognition of ASM as one of the very few commercial producers of rare earth metals and alloys outside China.
“This strengthening demand profile underscores the strategic importance of our Korean Metals Plant and ASM’s position within a rapidly evolving global supply chain seeking secure, diversified and transparent sources of critical minerals.”
Rowena Smith, Managing Director & CEO, ASM
Highlights
- 75% increase in NdFeb alloy delivery
- Testing and planned installation of heavy rare earth metallisation equipment
- Phase 2 expansion activities at KMP – targeting 3,600 tpa capacity
- Heap Leach Option PFS progressing
Post Quarter activities
Post 31 December 2025, ASM announced it has received an offer of acquisition from Energy Fuels Inc. The proposed transaction represents a transformational opportunity for the Company and has the potential to provide ASM shareholders with significant value uplift and deliver a near-term Western “mine to metal & alloy” rare earths champion.