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