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ASX:ASM

8 stories mentioning ASX:ASMUpdated 13m ago

Every FINWIRES story that references ASX:ASM, newest first.

Asia

Australian Strategic Materials Says Federal Court to Hear Application for Approving Schemes for Proposed Acquisition by Energy Fuels Unit, Shares Fall 3%

Australian Strategic Materials (ASX:ASM) said the Federal Court of Australia, Western Australian Registry, will hear an application on Aug. 18 seeking the approval of schemes of arrangement for its proposed acquisition by EFR Critical Materials, a wholly-owned unit of Energy Fuels, subject to approval by its shareholders and option holders on Aug. 12, according to a Thursday Australian bourse filing.The Shareholders and option holders have the right to appear at the court hearing and may oppose the approval of the schemes.Its shares fell 3% in recent trading on Thursday.

ASX:ASM
Asia

Court Makes Orders Rescheduling Australian Strategic Materials Shareholder Meeting for Proposed Acquisition by Energy Fuels Unit

Australian Strategic Materials (ASX:ASM) said the Federal Court of Australia, Western Australia Registry, made orders on Tuesday rescheduling to Aug. 12 the meetings of the company's shareholders and option holders to vote on schemes of arrangement for its proposed acquisition by EFR Critical Materials, a wholly-owned unit of Energy Fuels, according to a Tuesday Australian bourse filing.The court also approved the dispatch of a supplementary explanatory statement to the scheme booklet that contains additional and updated information relevant to the schemes to Australian Strategic Materials' security holders, the company said.Dispatch of the supplementary booklet to the security holders is expected to be completed on or around July 31.The company's shares rose past 1% in recent Tuesday trade.

ASX:ASM
Asia

Australian Strategic Materials Expects Schemes for Proposed Acquisition by Energy Fuels Unit to be Implemented by August, Shares Fall 3%

Australian Strategic Materials (ASX:ASM) said it expects the schemes of arrangement for the proposed acquisition of the firm by EFR Critical Materials, a wholly-owned unit of Energy Fuels, to be implemented before the end of August, subject to securityholder and court approval, according to a Friday Australian bourse filing.It expects the meetings to approve the schemes of arrangement for the proposed acquisition of the firm by EFR Critical Materials to occur in early to mid-August. It expects to dispatch the supplementary scheme booklet to its securityholders around late July.Its shares fell 3% in recent trading on Friday.

ASX:ASM
Asia

Australian Strategic Materials Says Proposed Acquirer Energy Fuels to Acquire Vacuumschmelze

Australian Strategic Materials (ASX:ASM) said Energy Fuels, whose wholly-owned unit EFR Critical Materials proposed to acquire Australian Strategic Materials via schemes of arrangement, entered into a definitive agreement to acquire 100% of Vacuumschmelze, according to a Wednesday Australian bourse filing.Australian Strategic Materials and Energy Fuels plan to prepare and, subject to regulatory and court approval, dispatch a supplementary scheme booklet to Australian Strategic Materials' securityholders.The scheme meetings previously scheduled for Monday were postponed to a later date, which is yet to be determined.

ASX:ASM
Asia

Australian Strategic Materials Says Independent Expert Review Continues to Support Energy Fuels Deal; Shares Up 3%

Australian Strategic Materials (ASX:ASM) said a new independent expert review continued to conclude that Energy Fuels' proposed acquisition of the company is fair and in the best interests of shareholders, according to a Monday filing with the Australian bourse.The new review followed movements in Energy Fuels' share price, which required the independent expert to consider the impact of the movements on its opinion.Australian Strategic Materials said its board continues to unanimously recommend that security holders vote to approve the deal in the absence of a superior proposal.The company's shares gained over 3% in recent Monday trade.

ASX:ASM
Asia

Australian Strategic Materials Says UBS Group Increases Stake

Australian Strategic Materials (ASX:ASM) received notice that UBS Group and its affiliated entities increased their holdings in the company to 7.06% from 6.03%, according to a Monday Australian bourse filing.UBS Group and its affiliates now own 19.2 million shares in the company, the filing said.

ASX:ASM
Asia

Australian Strategic Materials Says Federal Court Orders Shareholder Meeting to Vote on Proposed Acquisition by EFR Critical Materials

Australian Strategic Materials (ASX:ASM) said the Federal Court of Australia, Western Australia Registry ordered that meetings of its shareholders and optionholders be convened to consider the proposed acquisition of the firm by EFR Critical Materials, a wholly-owned unit of Energy Fuels, via schemes of arrangement, according to a Friday Australian bourse filing.The court also ordered that an explanatory statement, which includes information about the schemes together with the notices of the share scheme meeting and option scheme meeting, be dispatched to the firm's securityholders.Its shares fell 2% in recent trading on Friday.

ASX:ASM
Asia

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.

ASX:ASM

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