Movement Alert|Energy Fuels Rises 8.05% in Regular Trading, Independent Expert Reaffirms Fairness of Australian Strategic Materials Acquisition

Market Focus
Jun 15

On June 15, Energy Fuels rose 8.05% in regular trading, trading at $16.11/share, with turnover of $31.49 million.

On the news front, Australian Strategic Materials issued a filing confirming that 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. The updated review was triggered by movements in Energy Fuels' share price, requiring the expert to reassess its opinion. The board unanimously recommends security holders vote to approve the transaction in the absence of a superior proposal.

Additionally, Energy Fuels previously disclosed that finished uranium production at its White Mesa Mill is expected to reach approximately 1.6 million pounds by June 30, already touching the lower end of its full-year guidance range of 1.5 to 2.0 million pounds — a positive signal for production momentum.

The uranium sector strengthened broadly, with Centrus up 9.42%, Uranium Energy up 8.90%, Denison Mines up 8.01%, and Cameco up 5.77%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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