# Energy Fuels to acquire Australian Strategic Materials for $299M

Energy Fuels has agreed to acquire Australian Strategic Materials for US$299 million, creating an integrated rare-earth producer from mining to metal and alloy production.

- Type: Acquisition
- Announced: 2026-01-20
- Where: Australia
- Value: $299.0M
- Status: announced
- Products: rare earth metals and alloys, neodymium-praseodymium, dysprosium, terbium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Energy Fuels Inc](https://endata.com/companies/15581.md) (acquirer)
- [Australian Strategic Materials](https://endata.com/companies/49700.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/energy-fuels-to-acquire-australian-strategic-materials-to-create-new-mine-to-metal--alloy-rare-earth-champion-302665912.html), 2026-01-20: "Energy Fuels Inc. today announced it has entered into a Scheme Implementation Deed to acquire 100% of the issued share capital of Australian Strategic Materials Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.