Anuncio • Jan 21
Energy Fuels Inc. (TSX:EFR) entered into a binding Scheme Implementation Deed to acquire Australian Strategic Materials Ltd (ASX:ASM) from Ian Gandel and others for approximately AUD 530 million. Energy Fuels Inc. (TSX:EFR) entered into a binding Scheme Implementation Deed to acquire Australian Strategic Materials Ltd (ASX:ASM) from Ian Gandel and others for approximately AUD 530 million on January 20, 2026. The consideration consists of common equity of Energy Fuels Inc. at a ratio of 0.053 per common equity of Australian Strategic Materials Ltd. A cash consideration valued at AUD 0.13 per share will be paid by Energy Fuels Inc. As part of consideration, AUD 525.54 million is paid towards common equity of Australian Strategic Materials Ltd. In case of termination of transaction, Energy Fuels Inc. will pay a termination fee of 1% and Australian Strategic Materials Ltd will pay a termination fee of 1%.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders, listing / approval of new shares on stock exchange and subject to court approval. The deal has been unanimously recommended by the board of Australian Strategic Materials Ltd. The expected completion of the transaction is in the late first half of 2026. The transaction is expected to be accretive on NAVPS with significant value creation opportunity from margin uplift.
Moelis Australia and Moelis & Company LLC acted as financial advisor for Australian Strategic Materials Ltd. A&O Shearman acted as legal advisor for Australian Strategic Materials Ltd. Goldman Sachs & Co. LLC acted as financial advisor for Energy Fuels Inc. Herbert Smith Freehills Kramer, Dorsey & Whitney LLP and Dentons Canada LLP acted as legal advisor for Energy Fuels Inc. Anuncio • Oct 20
Australian Strategic Materials Ltd has completed a Follow-on Equity Offering in the amount of AUD 55.161002 million. Australian Strategic Materials Ltd has completed a Follow-on Equity Offering in the amount of AUD 55.161002 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,292,501
Price\Range: AUD 1.2
Discount Per Security: AUD 0.09
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,675,001
Price\Range: AUD 1.2
Discount Per Security: AUD 0.04
Transaction Features: Subsequent Direct Listing Anuncio • Sep 18
Australian Strategic Materials Ltd, Annual General Meeting, Oct 16, 2025 Australian Strategic Materials Ltd, Annual General Meeting, Oct 16, 2025. Location: novotel christchurch airport, 30 durey road, christchurch, or, Australia Anuncio • Jul 28
Australian Strategic Materials Ltd has completed a Follow-on Equity Offering in the amount of AUD 13 million. Australian Strategic Materials Ltd has completed a Follow-on Equity Offering in the amount of AUD 13 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,021,074
Price\Range: AUD 0.5647
Transaction Features: Subsequent Direct Listing Anuncio • Jun 16
Australian Strategic Materials Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million. Australian Strategic Materials Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,402,204
Price\Range: AUD 0.055145 Anuncio • Feb 20
Australian Strategic Materials Ltd Announces Board Changes Australian Strategic Materials Limited advised the appointment of Dominic Heaton to its Board as an Independent Non-Executive Director, effective 19 February 2025. Mr. Heaton has extensive experience in the mining and mineral processing sector and has held several high-profile leadership roles across various jurisdictions. With a Bachelor of Science from James Cook University and a Postgraduate Diploma in Mineral Processing from La Trobe University, Mr. Heaton has further honed his executive leadership skills through the Advanced Management Program at the University of Melbourne, Mt Eliza and as a Member of the Australian Institute of Company Directors. Mr. Heaton brings a depth of expertise that will directly contribute to ASM's development and growth objectives spanning funding activities, permitting, feasibility studies, construction, commissioning, operations, and asset sales. Throughout his career, Mr. Heaton has been instrumental in the development and execution of multiple large scale mining and mineral processing projects. As CEO of Masan High-Tech Materials in Vietnam, Mr. Heaton built the team that delivered the first major new tungsten mine and mineral processing facility globally in 2013 and helped secure the company's listing on the UPCOM exchange in 2015. As General Manager at Lang Xang Minerals Limited in Laos, he led the commissioning of a gold processing plant and helped establish the world's first acid milling and pressure-oxidation copper plant on the same site. Currently, he serves as a Non-Executive Director for Asiamet Resources and runs his own consulting firm specialising in mining and resource management. Mr. Heaton will replace Non-Executive Director Nic Earner, who will be stepping down from the ASM Board with effect from 1 March 2025. Mr. Earner has served on the Board since ASM demerged from Alkane Resources Ltd. in 2020. Anuncio • Jan 23
Australian Strategic Materials Ltd Announces Resignation of Dennis Wilkins as Joint Company Secretary, Effective 1 February 2025 Australian Strategic Materials Ltd. announced that Mr. Dennis Wilkins has provided notice of resignation from his role as Joint Company Secretary of the Company, effective as of 1 February 2025. Ms Annaliese Eames will continue in the role of Company Secretary. Anuncio • Oct 15
Australian Federal Government's International Partnerships in Critical Minerals Awards Australian Strategic Materials with AUD 5 Million Grant Australian Strategic Materials Limited advised that it has been awarded AUD 5 million under the Australian Federal Government's International Partnerships in Critical Minerals (IPCM) Program. The grant funding will be matched by ASM and used to support work to identify potential lower capital and shorter implementation pathways to rare earth production (RE Options Assessment and Pilot Program) at the Company's Dubbo Project in New South Wales. The RE Options Assessment and Pilot Program will be undertaken as a precursor to the Front-End Engineering Design (FEED) services contract awarded to US-owned Bechtel Mining and Metals Inc. (Bechtel) in March 2024. The Dubbo Project is ASM's cornerstone critical minerals deposit which will produce a range of rare earth and critical mineral oxides essential to the global energy transition. The IPCM Program was launched in February 2024 to provide critical minerals businesses funding to grow end-to-end supply chains with Australia's international partners. The RE Options Assessment and pilot Program will enable ASM to identify alternative, capital efficient and nearer term options for producing rare earth elements at the Dubbo Project before commencing the FEED services contract and undertaking an updated feasibility study on the construction and operation of the Dubbo Project. The RE Options Assessment and pilots Program will involve engineering, sampling, metallurgical testing and a pilot program at ASM's pilot facility located at ANSTO, New South Wales. ASM will be working with international partners, DRA Global and Stantec, as well as local service providers Mining One and Core Metallurgy to deliver this program. These activities are critical to ASM progressing key funding activities and taking final investment decision (FID) on the Dubbo Project which is targeted for the first half of 2026. This funding support is in addition to ASM's recent capital raise activities and its current discussions with the Export-Import Bank of the United States (US EXIM) regarding ASM's application for funding under the Engineering Multiplier Program. Together, this funding will enable the Company to advance critical activities to reach FID on the Dubbo Project and transition into the construction phase. ASM is building a mine to metals business to extract, refine and manufacture high-purity metals and alloys for a global customer base. The Dubbo Project will develop a secure, sustainable source of rare earths and critical minerals, strengthen mid-stream processing capability in Australia, drive renewable energy adoption and create jobs and investment in regional Australia. Reported Earnings • Oct 01
Full year 2024 earnings released: AU$0.15 loss per share (vs AU$0.16 loss in FY 2023) Full year 2024 results: AU$0.15 loss per share (improved from AU$0.16 loss in FY 2023). Net loss: AU$25.1m (loss narrowed 4.3% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (8.7% increase in shares outstanding). Revenue is less than US$5m (AU$7.0m revenue, or US$4.9m). Market cap is less than US$100m (AU$114.2m market cap, or US$78.9m). Anuncio • Sep 27
Australian Strategic Materials Ltd, Annual General Meeting, Nov 26, 2024 Australian Strategic Materials Ltd, Annual General Meeting, Nov 26, 2024. New Risk • Sep 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (8.7% increase in shares outstanding). Revenue is less than US$5m (AU$7.0m revenue, or US$4.7m). Market cap is less than US$100m (AU$116.0m market cap, or US$77.5m). New Risk • Jun 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$148.5m (US$98.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (8.7% increase in shares outstanding). Revenue is less than US$5m (AU$7.0m revenue, or US$4.7m). Market cap is less than US$100m (AU$148.5m market cap, or US$98.9m). New Risk • Apr 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.8% increase in shares outstanding). Revenue is less than US$5m (AU$7.0m revenue, or US$4.6m). Anuncio • Apr 18
Australian Strategic Materials Ltd has filed a Follow-on Equity Offering in the amount of AUD 5.211967 million. Australian Strategic Materials Ltd has filed a Follow-on Equity Offering in the amount of AUD 5.211967 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,493,075
Price\Range: AUD 1.16
Discount Per Security: AUD 0.0116
Security Features: Attached Options
Transaction Features: Rights Offering Anuncio • Apr 17
Australian Strategic Materials Ltd has completed a Follow-on Equity Offering in the amount of AUD 15.000001 million. Australian Strategic Materials Ltd has completed a Follow-on Equity Offering in the amount of AUD 15.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,931,035
Price\Range: AUD 1.16
Discount Per Security: AUD 0.058
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 15
First half 2024 earnings released: AU$0.05 loss per share (vs AU$0.08 loss in 1H 2023) First half 2024 results: AU$0.05 loss per share (improved from AU$0.08 loss in 1H 2023). Net loss: AU$8.60m (loss narrowed 29% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. Anuncio • Nov 29
Australian Strategic Materials Ltd Appoints Stephen Motteram to the Role of Chief Financial Officer, Effective 29 January 2024 Australian Strategic Materials Ltd. announced the appointment of Mr. Stephen Motteram to the role of Chief Financial Officer (CFO), effective 29 January 2024. Stephen is a senior finance executive with more than 20 years of international experience in banks and commodities trading firms, including Noble Group and National Australia Bank. His extensive experience covers project development, capital raising, financial control, contract negotiations, investment analysis, mergers, acquisitions and treasury operations. Stephen is a Certified Practicing Accountant (CPA) and graduate of the Australian Institute of Company Directors (AICD). New Risk • Oct 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$47m free cash flow). Earnings have declined by 59% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (AU$6.2m revenue, or US$4.0m). Reported Earnings • Sep 30
Full year 2023 earnings released: AU$0.08 loss per share (vs AU$0.17 loss in FY 2022) Full year 2023 results: AU$0.08 loss per share. Net loss: AU$26.3m (loss widened 8.2% from FY 2022). Anuncio • Sep 28
Australian Strategic Materials Ltd, Annual General Meeting, Nov 23, 2023 Australian Strategic Materials Ltd, Annual General Meeting, Nov 23, 2023. Agenda: To consider the re-election and appointment of directors. Reported Earnings • Sep 23
Full year 2022 earnings released: AU$0.17 loss per share (vs AU$0.007 loss in FY 2021) Full year 2022 results: AU$0.17 loss per share (further deteriorated from AU$0.007 loss in FY 2021). Net loss: AU$24.3m (loss widened AU$23.5m from FY 2021).