ASM Acquisition and Metals and Alloys Plant Expansion
Sector: Metal • Location: Ochang, New South Wales, South Korea and Australia
Source: Crux Investor
Energy Fuels announced the proposed acquisition of Australian Strategic Materials (ASM) in January 2026, expected to close mid-2026. ASM operates a metals and alloys plant in Ochang, South Korea, producing neodymium iron boron alloy with expansion plans to increase production capacity from 1,300 tpa to 5,600 tpa in phases. The acquisition also includes the Dubbo Project in New South Wales, Austral
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Status
Original status | planned |
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Taiyo last update | 00-00-0000 |
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Description
Description | Energy Fuels announced the proposed acquisition of Australian Strategic Materials (ASM) in January 2026, expected to close mid-2026. ASM operates a metals and alloys plant in Ochang, South Korea, producing neodymium iron boron alloy with expansion plans to increase production capacity from 1,300 tpa to 5,600 tpa in phases. The acquisition also includes the Dubbo Project in New South Wales, Australia, a construction-ready rare earth development with a 42-year mine life, and plans for an American Metals Plant at a US location to be determined. |
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Original Currency | USD |
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Location
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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