Australian Strategic Materials (ASX:ASM) said Energy Fuels, whose wholly-owned unit EFR Critical Materials proposed to acquire Australian Strategic Materials via schemes of arrangement, entered into a definitive agreement to acquire 100% of Vacuumschmelze, according to a Wednesday Australian bourse filing.

Australian Strategic Materials and Energy Fuels plan to prepare and, subject to regulatory and court approval, dispatch a supplementary scheme booklet to Australian Strategic Materials' securityholders.

The scheme meetings previously scheduled for Monday were postponed to a later date, which is yet to be determined.