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Energy Fuels acquires Australian Strategic Materials

PUBLIC · UUUUAug 12, 2026•about 2 hours ago

Acquiring Company

Energy Fuels

Acquired Company

Australian Strategic Materials Limited

Lakewood

West PerthMiningMining

Description

Energy Fuels Inc. has received shareholder approval for the acquisition of Australian Strategic Materials Limited. The transaction aims to enhance Energy Fuels' capabilities in rare earth mining and production. ASM shareholders will transition into Energy Fuels as part of this merger development. The acquisition deal is expected to complete on August 28, 2026.

Company Information

Company

Energy Fuels

Location

Lakewood, Colorado, United States

About

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial-scale production of RE Carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America's key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as RE Carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels' common shares is the NYSE American under the trading symbol "UUUU," and the Company's common shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." Energy Fuels' website is www.energyfuels.com.

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Frequently asked

Who acquired Australian Strategic Materials Limited?

Australian Strategic Materials Limited was acquired by Energy Fuels, based in Lakewood. The deal was reported on August 12, 2026. Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels is publicly traded (UUUU) and operates in Mining.

When did Energy Fuels acquire Australian Strategic Materials Limited?

Energy Fuels's acquisition of Australian Strategic Materials Limited was reported on August 12, 2026. Energy Fuels Inc. has received shareholder approval for the acquisition of Australian Strategic Materials Limited. The transaction aims to enhance Energy Fuels' capabilities in rare earth mining and production. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Australian Strategic Materials Limited do?

Australian Strategic Materials Limited is a leading producer of rare earth metals and alloys. The company is focused on developing a secure and sustainable supply chain for critical materials. ASM is committed to environmentally responsible mining operations. It is privately held, operating in Mining, and is based in West Perth.