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Stock impact report

Energy Fuels signs SID 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
The deal, valued at approximately $299m, will follow a scheme of arrangement under Australian law. This acquisition aims to create a significant rare earth element (REE) "mine-to-metal & alloy" producer outside China, focusing on industries such as automotive, energy and defence. It will integrate ASM's Korean Metals Plant (KMP) and the planned American Metals Plant with Energy Fuels' White Mesa Mill in Utah, US. ASM's KMP already produces various REE metals and alloys including neodymium-praseodymium, dysprosium, terbium metals and iron alloys. By combining scalable separation processes with downstream conversion capabilities, the transaction aims to enhance vertical integration across the REE value chain. It addresses global supply chain vulnerabilities related to downstream REE refining outside China. Energy Fuels also sees ASM's Dubbo REE Project in New South Wales as a vital part of its development pipeline, alongside existing projects in Victoria, Madagascar and Bra Show less Read more
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