Australian Strategic Materials (ASX:ASM) said Energy Fuels, whose wholly-owned unit EFR Critical Materials proposed to acquire Australian Strategic Materials via schemes of arrangement, entered into a definitive agreement to acquire 100% of Vacuumschmelze, according to a Wednesday Australian bourse filing.
Australian Strategic Materials and Energy Fuels plan to prepare and, subject to regulatory and court approval, dispatch a supplementary scheme booklet to Australian Strategic Materials' securityholders.
The scheme meetings previously scheduled for Monday were postponed to a later date, which is yet to be determined.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments