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Australian Strategic Materials Ltd
(Sydney:ASM)
Australian Strategic Materials Ltd (ASM) vs. iShares MSCI Australia ETF (EWA)
Australian Strategic Materials Ltd Business Overview & Revenue Model
Australian Strategic Materials Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.09M | 5.09M | 3.11M | 4.44M | 1.87M | 1.38M |
| Gross Profit | 3.41M | 3.41M | -10.47M | -11.32M | -11.21M | -2.40M |
| EBITDA | -20.10M | -20.10M | -22.51M | -26.02M | -26.37M | -1.00M |
| Net Income | -24.57M | -24.57M | -25.15M | -26.27M | -24.27M | -783.00K |
Balance Sheet | ||||||
| Total Assets | 227.17M | 227.17M | 258.96M | 267.22M | 250.70M | 228.63M |
| Cash, Cash Equivalents and Short-Term Investments | 19.01M | 19.01M | 47.60M | 56.66M | 60.22M | 93.32M |
| Total Debt | 14.05M | 14.05M | 16.86M | 17.70M | 17.27M | 0.00 |
| Total Liabilities | 45.70M | 45.70M | 54.37M | 51.26M | 51.00M | 26.03M |
| Stockholders Equity | 181.44M | 181.44M | 204.58M | 215.92M | 199.62M | 202.55M |
Cash Flow | ||||||
| Free Cash Flow | -28.44M | -28.44M | -30.79M | -47.29M | -78.61M | -14.21M |
| Operating Cash Flow | -16.16M | -16.16M | -15.62M | -35.02M | -37.59M | -5.21M |
| Investing Cash Flow | -8.00M | -8.00M | -7.69M | -7.98M | -33.53M | -9.29M |
| Financing Cash Flow | -3.52M | -4.53M | 14.35M | 39.78M | 38.04M | 89.29M |
Australian Strategic Materials Ltd Technical Analysis
Australian Strategic Materials Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$97.01M | -12.88 | -10.46% | ― | -85.84% | 73.66% | |
47 Neutral | AU$470.44M | -11.59 | -12.73% | ― | 2.00% | 8.82% | |
44 Neutral | AU$86.70M | -7.25 | -8.61% | ― | ― | 42.69% | |
43 Neutral | AU$30.32M | -5.12 | -84.97% | ― | -100.00% | 8.51% | |
37 Underperform | AU$25.10M | -1.07 | ― | ― | 71.37% | 82.48% |
Australian Strategic Materials Ltd Corporate Events
Australian Strategic Materials reported strong operational momentum for the December 2025 quarter, highlighted by a 75% quarter-on-quarter increase in NdFeB alloy deliveries from its Korean Metals Plant to about 24.3 tonnes and ongoing progress on Phase 2 expansion that would lift alloy production capacity to roughly 3,600 tonnes per annum. The company also advanced heavy rare earth capabilities through pilot-scale metallisation furnace testing and progressed a heap leach pre-feasibility study for the Dubbo Project, including an alternative pathway to produce mixed rare earth hydroxide. Post-quarter, ASM received a unanimously recommended acquisition offer from US-based Energy Fuels Inc., described as a transformational deal that could significantly enhance shareholder value and accelerate the creation of a Western “mine to metal & alloy” rare earths champion, while strengthening ASM’s role in a more secure, diversified critical minerals supply chain for customers and government stakeholders in Australia and the United States.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
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.
Australian Strategic Materials has announced that its Managing Director and CEO, Rowena Smith, and Energy Fuels President and CEO, Mark Chalmers, will host a joint webcast to discuss Energy Fuels’ proposed acquisition of ASM under a recently executed binding Scheme Implementation Deed. The webcast, scheduled for 21 January 2026, is aimed at investors, analysts and media, signalling a key communication step in the transaction process and underscoring the strategic significance of the deal for both companies’ stakeholders in the critical materials value chain.
The most recent analyst rating on (AU:ASM) stock is a Sell with a A$0.68 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
Energy Fuels Inc. has agreed to acquire 100% of Australian Strategic Materials via a court-approved scheme of arrangement, valuing ASM at an implied A$1.60 per share, or about A$447 million on a fully diluted basis, through a mix of Energy Fuels stock (or ASX-listed CDIs) and an unfranked special dividend of up to A$0.13 per share. The deal, unanimously recommended by ASM’s board and supported by directors holding about 13.8% of the company, offers shareholders a premium of more than 120% to the last closing price and includes a concurrent cash offer for listed options, while positioning the combined business as a near-term Western rare earths “mine to metal and alloy” champion with enhanced funding capacity, reduced execution risk and diversified exposure to uranium, rare earths and vanadium, supported by an Energy Fuels secondary ASX listing for ongoing investor access.
The most recent analyst rating on (AU:ASM) stock is a Sell with a A$0.68 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
Australian Strategic Materials has updated the market on a change in director Rowena Smith’s interests, following the grant of additional FY26 short-term incentive (STI) and long-term incentive (LTI) performance rights at no cash consideration. Smith has been issued 787,097 FY26 STI Performance Rights and 787,097 FY26 LTI Performance Rights, increasing her total holdings of various performance rights and securities in the company, in line with its remuneration and incentive framework to align executive interests with company performance.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
Australian Strategic Materials Limited has notified the market of the issue of 4,212,740 unquoted performance rights under its employee incentive scheme, effective 22 December 2025. The additional performance rights, which will not be quoted on the ASX, indicate ASM’s continued use of equity incentives to align employees’ interests with shareholders, potentially leading to future dilution but supporting talent retention and performance-based remuneration.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
ASM has announced a significant sale of 60 tonnes of high-purity NdFeB alloy to Noveon Magnetics, reinforcing their strategic relationship and supporting Noveon’s production of US-made permanent magnets. This transaction underscores ASM’s role as a key supplier in the rare earths and critical metals supply chain and highlights their intent to expand manufacturing capabilities in the US, strengthening their position as a non-China supplier.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
Australian Strategic Materials Ltd announced that all resolutions presented at their Annual General Meeting were passed by shareholders. The resolutions included the adoption of the remuneration report, re-election and election of directors, issuance of performance rights, and approval of additional placement capacity. These decisions reflect a strong shareholder support for ASM’s strategic direction and governance, potentially enhancing the company’s operational capabilities and market positioning.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
Australian Strategic Materials Ltd has announced the quotation of 12,481 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of an employee incentive scheme. This move is expected to enhance the company’s market presence and provide additional liquidity, potentially benefiting stakeholders by aligning employee interests with company performance.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.