FINWIRES · TerminalLIVE
FINWIRES

Australian Strategic Materials Says FIRB Approved Proposed Sale to Energy Fuels; Shares Jump 5%

-- Australian Strategic Materials (ASX:ASM) said Australia's Foreign Investment Review Board (FIRB) has approved Energy Fuels' proposed acquisition of up to 100% ownership of the company, according to a Thursday filing with the Australian bourse.

The deal remains subject to other conditions, including court and Australian Strategic Materials' shareholders approval.

Shares of Australian Strategic Materials gained 5% in recent Thursday trade.

Related Articles