---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-26-000431"
form_type: "8-K"
ticker: "UUUU"
cik: "0001385849"
company_name: "ENERGY FUELS INC"
filed_at: "2026-01-26T23:59:59+00:00"
generated_at: "2026-05-16T07:53:02.964391+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-26-000431
- form_type: 8-K
- ticker: UUUU
- cik: 0001385849
- company_name: ENERGY FUELS INC
- filed_at: 2026-01-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385849/000106299326000431/0001062993-26-000431-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385849/000106299326000431/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-26-000431
- JSON: https://secwatch.observer/filing/0001062993-26-000431.json
- Plain text: https://secwatch.observer/filing/0001062993-26-000431.txt

## Key facts
- Material Agreements
  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
  source text: 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 ")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385849/000106299326000431/0001062993-26-000431-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.