Energy Fuels Buys Australian Rare Earth Miner ...Middle East

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Energy Fuels Buys Australian Rare Earth Miner
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U.S. uranium producer Energy Fuels has sealed a deal to acquire Australian Strategic Materials in a transaction that values the target company at over $300 million. The rare earths and critical minerals miner said the offer price represented a premium of 121% over ASM’s closing price on January 20 and a 133% premium over the Australian company’s 30-day volume-weighted average stock price. “We are already seeing it (consolidation), and we're going to continue to see it, because everyone recognises that...rapid establishment of…

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