Energy Fuels to buy Australian Strategic Materials in a $300 million deal

Australian Strategic Materials

20/01/2026 22:45

Jan 21 (Reuters) - Uranium and critical minerals miner Energy Fuels UUUU.A will acquire rare earth producer Australian Strategic Materials ASM.AX in a deal valuing the Australian firm's equity at A$447 million ($300.88 million), the two parties said in separate statements on Wednesday.

($1 = 1.4857 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru; Editing by Alan Barona)

 ((Himanshi.Akhand@thomsonreuters.com;))