Energy Fuels (UUUU) stock jumps premarket as $300 million ASM deal puts rare-earth supply chain in focus
New York, Jan 21, 2026, 08:10 (EST) — Premarket Shares of Energy Fuels Inc jumped roughly 7% to $23.52 in premarket trading Wednesday, following the announcement of a $300 million deal with Australia’s Strategic Materials aimed at boosting its rare-earth efforts. The company announced it has agreed to acquire Australian Strategic Materials (ASM), aiming to establish a complete rare earth supply chain beyond China. This move will add metals and alloy production to its existing U.S. processing operations. “Energy Fuels is executing our plan to create the largest fully integrated producer of REE materials outside of China,” CEO Mark Chalmers