Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Australian Strategic Materials Ltd ( (AU:ASM) ) just unveiled an update.
Australian Strategic Materials has postponed its extraordinary general meeting from 28 January 2026 to 23 February 2026 in West Perth, allowing additional time for shareholders to consider updated information related to a proposed acquisition by Energy Fuels Inc. The delay follows ASM’s announcement of a court-approved scheme of arrangement under which Energy Fuels would acquire 100% of ASM, with shareholders to receive Energy Fuels scrip plus a special cash dividend, and optionholders to be separately offered cash for the cancellation of quoted options; the company has also clarified how new shares issued to certain directors would participate and vote in the scheme, ensuring shareholders can make an informed decision on resolutions that may affect entitlements under the transaction.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Limited is an Australian-listed resources company focused on the development and production of strategic and rare earth materials, with its securities traded on the ASX and a shareholder base that includes both institutional and retail investors.
Average Trading Volume: 2,893,170
Technical Sentiment Signal: Buy
Current Market Cap: A$194.3M
For detailed information about ASM stock, go to TipRanks’ Stock Analysis page.