Energy Fuels to Acquire Australian Strategic Materials Limited

Energy Fuels ( (UUUU) ) has shared an update.

On January 20, 2026, Energy Fuels Inc. and Australian Strategic Materials Limited (ASM) signed a Scheme Implementation Deed under which an Energy Fuels bidding entity will acquire all outstanding ASM ordinary shares via a court-approved scheme of arrangement, valuing ASM at about A$447 million based on prices as of January 16, 2026. ASM shareholders are to receive 0.053 Energy Fuels shares or CDIs plus up to A$0.13 in cash per ASM share, implying total consideration of A$1.60 per share, with ASM investors expected to own roughly 5.8% of Energy Fuels post-closing, while option holders will receive A$0.50 per option under a concurrent scheme. Completion, targeted for around June 2026, is subject to multiple customary conditions, including ASM shareholder and court approvals, Australian foreign investment clearance, regulatory and listing approvals for new Energy Fuels shares, and a favorable independent expert report, with ASM’s board unanimously recommending the deal in the absence of a superior proposal; both sides have agreed to no‑shop and matching protections and reciprocal A$4.47 million termination fees, underscoring the strategic commitment to closing a transaction that would expand Energy Fuels’ footprint in critical minerals and potentially reshape ASM’s ownership and access to North American capital markets.

The most recent analyst rating on (UUUU) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Energy Fuels stock, see the UUUU Stock Forecast page.

Spark’s Take on UUUU Stock

According to Spark, TipRanks’ AI Analyst, UUUU is a Neutral.

The score is driven by a strong balance sheet and improving production outlook from the latest earnings call, plus solid bullish technical momentum. Offsetting these positives are weak current fundamentals—sharp profitability deterioration and persistent negative operating/free cash flow—along with limited valuation support due to losses and no dividend.

To see Spark’s full report on UUUU stock, click here.

More about Energy Fuels

Energy Fuels Inc. operates in the energy and critical minerals sector, with its primary activities focused on producing and developing strategic materials, including uranium and related resources, for North American and global markets. The company is listed on the NYSE American and the Toronto Stock Exchange, and its shares are also accessible to Australian investors through CHESS Depository Interests, reflecting its growing international shareholder base and strategic interest in critical mineral assets abroad.

Average Trading Volume: 14,212,013

Technical Sentiment Signal: Buy

Current Market Cap: $6.05B

Learn more about UUUU stock on TipRanks’ Stock Analysis page.