Energy Fuels buys Australian Strategic Materials in $300M rare earths deal

Post Views: 246 Energy Fuels Rare Earth Elements Energy Fuels buys Australian Strategic Materials to secure Western rare earths Energy Fuels buys Australian Strategic Materials as the United States accelerates critical minerals security. The $300.9 million transaction values ASM equity at A$447 million. Notably, the offer reflects a 121% premium to ASM’s January 20 closing price. As a result, ASM shares surged as high as 126% to A$1.63. Meanwhile, Washington and Canberra push coordinated policies on rare earth elements. Both governments signed a critical minerals framework agreement last year....