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Energy Fuels Completes Acquisition of Australian Strategic Materials

Energy Fuels logoEnergy Fuels
Sig3.29Sen+6.05Env-0.62Soc+0.52Gov+0.38

Energy Fuels completed its acquisition of Australian Strategic Materials (ASM) to advance its long-term rare earth mine-to-magnet strategy. ASM adds 1,300 tonnes per year of existing NdFeB alloy capacity at the Korean Metals Plant, along with metallization capabilities for NdPr and development work for dysprosium and terbium. The plant is expanding toward 3,600 tonnes per year, targeted for commissioning by end-2026.

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