AUSTRALIAN STRATEGIC MATERIALS ORD
Australian Strategic Materials Raises $55m To Fund Korean Expansion And US Growth Plans
Australian Strategic Materials (ASX: ASM) has raised $55 million through an institutional placement to accelerate alloy production at its Korean Metals Plant (KMP) and progress its downstream rare earth expansion strategy. The placement, which the company conducted at $1.20 per share, attracted strong participation from new and existing institutional investors across Australia and overseas, including significant […]
Australian Strategic Materials Cashed Up and Ready for Continued Global Push
Australian Strategic Materials’ (ASX: ASM) plans to create a global rare earth and specialist metals business have received a $13 million boost from a successful institutional placement. In combination with its heavily oversubscribed share purchase plan (SPP) earlier this month, the company has brought in a total of $24.9m in new funds. The SPP, which […]
Australian Strategic Materials builds momentum with rare earth sales from Korean facility to US and EU magnet-makers
Vertically integrated critical metals producer Australian Strategic Materials (ASX: ASM) has confirmed significant sales of its rare earth product to a number of key partners. The neodymium and praseodymium (NdPr) metal and neodymium-iron-boron (NdFeB) deals involve the company’s unique facility in South Korea. Australian Strategic’s 100%-owned Korean Metals Plant (KMP) is one of the few […]
Terbium tipped to follow gallium’s boom as demand surges and China cuts exports
Gallium has become the darling of markets and Australian miners after a dramatic surge in demand and prices following China’s decision to halt its exports of the rare earth element (REE). Now analysts are suggesting terbium could follow a similar path after China, the world’s largest producer, removed it from its REE export list as […]