Australian Strategic Materials Ltd·Basic Materials

Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF) has agreed to be acquired by Energy Fuels Inc. (TSX:EFR, NYSE-A:UUUU)) via a court-approved scheme...

Uranium and critical minerals producer Energy Fuels will acquire rare earth producer Australian Strategic Materials 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.
Australian Strategic Materials Ltd operates as an integrated producer of critical metals for advanced and clean technologies in Australia. The company holds interest in the Dubbo Project that contains light and heavy rare earths, zirconium, niobium, and hafnium located in central-western New South Wales. It also constructs and operates Korean metals plant, which converts oxides into high-purity metals, alloys, and powders. The company was formerly known as Australian Zirconia Holdings Pty Ltd and changed its name to Australian Strategic Materials Ltd in March 2020. The company was founded in 2000 and is headquartered in West Perth, Australia.
Basic Materials
Industrial Materials
73
2020-09-18
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