Australian Strategic Materials Amends Energy Fuels Acquisition Deal

MT Newswires Live07:12

Australian Strategic Materials (ASX:ASM) said it has amended the scheme implementation deed related to its acquisition by Energy Fuels, replacing a planned special dividend with direct cash payments, according to a Friday filing with the Australian bourse.

Under the amendment, Energy Fuels will pay AU$0.13 in cash directly to each ASM shareholder, instead of the critical mineral producer paying an unfranked special dividend of AU$0.13 per share.

Australian Strategic Materials shareholders will also receive 0.053 Energy Fuels shares for each ASM share, it added.

The company said its board continues to recommend that securityholders vote in favor of the schemes. The scheme meetings are scheduled for the second quarter of 2026.

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