Energy Fuels to acquire Australian Strategic Materials for A$447M via scheme of arrangement

ENERGY FUELS INC

Consideration: 0.053 Energy Fuels shares plus up to A$0.13 special dividend per ASM share; implied A$1.60/share.
Post-closing, ASM shareholders to own ~5.8% of Energy Fuels; closing expected June 2026.
Conditions include ASM shareholder approval, FIRB clearance, Federal Court approval, and listing on NYSE American/TSX.
Termination fees of A$4.47M (1% of transaction value) payable by either party under certain circumstances.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENERGY FUELS INC entered into Scheme Implementation Deed with Australian Strategic Materials Limited valued at approximately A$447 million (effective 2026-01-20).

Action: entry
Agreement: merger
Counterparty: Australian Strategic Materials Limited
Value: approximately A$447 million
Effective: 2026-01-20

Exact text from the filing

On January 20, 2026 (January 21, 2026 AWST), Energy Fuels Inc. (" Energy Fuels ") and Australian Strategic Materials Limited (" ASM ") entered into a Scheme Implementation Deed (the " Deed ")

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Source: SEC EDGAR

accession 0001062993-26-000431

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