ASM
Director Trades
| Date | Director | Value |
|---|---|---|
| G. Smith | $15,000 | |
| I. Gandel | $30,000 | |
| K. Gleeson | $5,000 | |
| R. Smith | $5,000 | |
| Ian Jeffrey GANDEL | $1,000,000 | |
| Rowena Smith | $38,633 |
Company News
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 […]
Australian Strategic Materials receives $923m funding from US EXIM for Dubbo rare earths project
Australian Strategic Materials (ASX: ASM) has received substantial US government backing for its Dubbo rare earths and critical minerals project in central-western New South Wales. Australian Strategic has received a non-binding and conditional Letter of Interest (LoI) from the Export-Import Bank of the United States (US EXIM) to provide a debt funding package of up […]
An investors guide to the 2023 Diggers & Dealers mining forum
Investors looking for small-cap mining companies with a bright future discover every year that the best place to find them is also the most difficult. Australia’s remote gold, nickel and rare earth capital, Kalgoorlie in Western Australia, is where there will next week be a concentration of mining company managers at the annual Diggers and […]
Australian critical minerals projects to receive US financing support
The US Government has committed to help fund Australian critical minerals projects through its export financing arms against a backdrop of continued Russian sanctions and China’s supply chain dominance. The agreement comes as US President Joe Biden prepares to enact wartime powers to boost the domestic supply of minerals crucial for the manufacture of defence […]
Investing in rare earths is not for the faint-hearted
Rare earths are not rare, nor are they earths, but they are certainly political, and it’s the politics of an increasingly aggressive China which has made the 17 metals in the rare earth family a profitable, but high-risk sector for investors. Lynas Rare Earths (ASX: LYC), the leading Australian player in the game, is also […]
Australia can punch above its weight in critical metals — both with mining and processing
Australia has just 3.4% of the world’s rare earth element (REE) resources but is the fourth largest producer in the world, with other minerals also posing significant future potential for the country. And that is just from one mine, Mt Weld in Western Australia — while several other projects are at the advanced development stage, […]
Trump declares rare earth emergency, Australia gets ready to supply
Securing rare earth supply is now near the top of the defence agenda in Washington with US President Donald Trump signing an executive order declaring a national emergency and calling for a boost in domestic production. Not only does Australia have an operating rare earth mine — Mt Weld in Western Australia owned by Lynas […]
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