ASM Managing Director & CEO Rowena Smith joined Nadine Blayney on Ausbiz to discuss the proposed acquisition of Australian Strategic Materials (ASM) by Energy Fuels Inc.
This combination will create a near-term Western ‘mine to metal & alloy’ rare earths champion — providing ASM shareholders with a significant premium and ensuring they retain the opportunity to participate in the substantial upside of a larger, better capitalised critical minerals business.
Speaking about the proposed transaction and what Energy Fuels can enable, Rowena said: “The strategy has been to develop an integrated mine to metals business – that’s been our strategy all along – and I have been saying ever since I came into role…that the only way we are going to successfully establish a sustainable end-to-end supply chain rapidly, is to work in partnership.
“We have to leverage the capabilities of the various different businesses that already know how to do steps along this supply chain, we have to work across jurisdictional boundaries to be able to leverage country strengths, and we need to be able to leverage across partners of different sizes and be able to access better funding solutions. That’s what we’ve got here with Energy Fuels.”
Watch the full interview below.