Energy Fuels completes ~US$243M acquisition of Australian Strategic Materials via scheme

ENERGY FUELS INC

On Aug 28, 2026, EFR subsidiary acquired all ASM ordinary shares; holders got 0.053 EFR CDIs/common shares + A$0.13 cash per share.
Total consideration ~US$243.4M: US$217.2M in shares (14,808,572 new EFR shares) plus US$26.2M cash.
ASM option holders received A$0.50 per option under concurrent scheme of arrangement.
New EFR shares issued under Section 3(a)(10) exemption from SEC registration.
Acquisition expands Energy Fuels' critical minerals portfolio with ASM's rare earths assets.

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