Status, October 10, 2026. Australian Strategic Materials was deleted from the RareEarth Index effective the August 19, 2026 close, at its last traded price (A$1.17), following its acquisition by Energy Fuels Inc. (schemes of arrangement approved August 19, 2026; implemented August 28; removed from the ASX official list August 31). Its weight at deletion, 3.22%, was redistributed pro rata to the remaining thirteen constituents under methodology §8.4. This page is retained as a record of the inaugural composition; the figures below are as of the April 30, 2026 calculation date and describe the company as it stood before the acquisition. See the reconstitution log, August 19, 2026 entry.
Identifiers
Operating jurisdiction
Australia (Dubbo Project, NSW); South Korea (Korean Metals Plant, Ochang)
Sector classification
FY25 audited revenue >A$50M from KMP NdFeB alloy sales — 100% of current revenue is REE-bearing. Korean Metals Plant Phase 1 commissioning at 1,300 tpa, Phase 2 ramp-up to 3,600 tpa underway (A$55M financing secured). Dubbo upstream REE+Zr+Nb+Hf project pre-construction. Sector reflects current operating asset and 100%-REE current revenue line (Magnet & Alloy Manufacturing). Borderline with REE Mining & Extraction once Dubbo proceeds to construction.
Activity screen
FY25 KMP NdFeB alloy revenue >A$50M (100% REE-bearing per question 4 magnet test). Alloy output up >30% YoY in FY25; 70% QoQ increase in deliveries (42 tonnes shipped). Dubbo polymetallic is REE+Zr+Nb+Hf — REE represents the largest share by project value. Subject to Energy Fuels acquisition (scheme implementation late June 2026 per Jan 20, 2026 announcement).
Primary REE elements
Nd, Pr, Dy, Tb (current NdFeB alloy product); plus Mixed LREE/HREE from Dubbo polymetallic resource
Notes
Energy Fuels-ASM scheme of arrangement announced Jan 20, 2026; expected implementation late June 2026. As-listed (standalone ASM) traded data used per methodology question 5.
Liquidity
- 30-day avg market cap (USD)
- $214.5M
- 90-day avg daily traded value (USD)
- $2.04M
Trailing windows ending at the April 30, 2026 calculation date (methodology §4.3).
Sources
https://asm-au.com/investors/ · ASX announcements 2025-2026
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