Energy Fuels completes the ASM acquisition and greenlights new heavy rare earth oxide circuits at White Mesa Mill, while the pending VAC deal remains on track for a Q1 2027 closing.
On Nov. 4, Energy Fuels said it completed the ASM acquisition including the Korean Metals Plant and approved construction of commercial-scale heavy rare earth oxide circuits at White Mesa Mill. These support its mine-to-magnet strategy, but the release gives no Q3 revenue, earnings or guidance figures, limiting the immediate financial read-through.
It announced Q3-2026 results alongside completion of the ASM acquisition including the Korean Metals Plant and approval to commence construction of commercial-scale heavy rare earth oxide circuits at White Mesa Mill.
The VAC acquisition is pending and expected to close in Q1 2027.
Energy Fuels finalized its acquisition of ASM, securing the Korean Metals Plant to bolster its rare earth supply chain. The company also approved the construction of commercial-scale heavy rare earth oxide circuits at its White Mesa Mill, marking a significant step in its vertical integration strategy.
Energy Fuels completed the acquisition of ASM, including the Korean Metals Plant, and approved the construction of commercial-scale heavy rare earth oxide circuits at its White Mesa Mill.
The company expects the acquisition of VAC to close in the first quarter of 2027.