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Energy Fuels (UUUU) Set to Acquire Australian Strategic Materials [Yahoo! Finance]

Energy Fuels Inc Ordinary Shares (Canada) (UUUU) 
NASDAQ:AMEX Investor Relations: energyfuels.com/investors
Company Research Source: Yahoo! Finance
Energy Fuels Inc. (NYSEAMERICAN:UUUU) is a leading US-based critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes. Energy Fuels Inc. (NYSEAMERICAN:UUUU) announced on January 20 that it had agreed to acquire rare earth metals producer Australian Strategic Materials in an all-stock deal worth $299 million. The strategic move is part of the company's efforts to build ‘the largest, fully integrated rare earth elements mine-to-metal and alloy producer outside of China'. The acquisition will combine ASM's Korean Metals Plant, one of the few facilities outside China currently producing REE metals and alloys, with Energy Fuels' own REE oxide production at its White Mesa Mill in Utah. Mark S. Chalmers, CEO of Energy Fuels Inc. (NYSEAMERICAN:UUUU), commented: “Energy Fuels is executing our plan to create the largest fully integrated producer of REE materials outside of China, including REE oxides, metals and alloys, while Show less Read more
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