Renergen acquisition now unconditional, production update expected

ASPI and Renergen Limited announced today that their scheme of arrangement is now unconditional, with all conditions met or waived. Implementation of the scheme is set to begin once the Takeover Panel issues the requisite compliance certificate, anticipated around Thursday, 18 December 2025. Following this, ASPI and Renergen will publish a finalisation announcement detailing the remaining dates for the scheme's implementation.

Paul Mann, executive chairman of ASPI, expressed enthusiasm for the acquisition, highlighting the integrated focus on critical material supply and the identified synergies between the two companies. He noted that ASPI is looking forward to commencing the new year refreshed and energised after receiving final regulatory approval.

In addition, ASPI and Renergen reported positive progress at Renergen's Virginia Gas Project. A production update for the project is scheduled to be delivered to the market at the end of January 2026, subsequent to the scheme's implementation.