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Australian Strategic Materials Ltd higher as mine-to-metals strategy boosted by US$15 million equity funding from Korean Consortium

Australian Strategic Materials Ltd and Imugene added to S&P/ASX 300 index in rebalance

Australian Strategic Materials Ltd and Imugene added to S&P/ASX 300 index in rebalance
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Australian Strategic Materials Ltd advances towards production at Korean Metals Plant in second half 2021

Australian Strategic Materials details key investment and offtake deal for Dubbo project

Australian Strategic Materials details key investment and offtake deal for Dubbo project Australian Strategic Materials Ltd (ASX:ASM) s David Woodall speaks to Proactive following news of a conditional exclusive framework agreement which sees a consortium of South Korean investors subscribe for a 20% equity interest in the Dubbo project along with offtake from the company s Korean Metals Plant.They ll invest US$250 million in the project s holding company Australian Strategic Materials (Holdings) Ltd (ASMH) and it will include provision for a 10-year offtake agreement for up to 2,800 tonnes per annum of neodymium-iron-boron alloy from the Korean Metals Plant (KMP). Quick facts: Australian Strategic Materials Ltd

Australian Strategic Materials Ltd hits new high on US$250 million framework agreement with South Korean consortium for 20% of Dubbo Project

) Australian Strategic Materials hits new high on US$250 million framework agreement with South Korean consortium for 20% of Dubbo Project This agreement creates a financing pathway for ASM to develop the Dubbo Project and execute its mine to metal strategy. At the signing ceremony, from left, Australian Ambassador to the Republic of Korea Catherine Raper, ACE Equity Partners CEO David Ko, Cerritos Holdings CEO PS Ra, Kamur Partners CEO Jerry Kwak, ASM chair Ian Gandel, Australian Minister for Trade, Tourism and Investment Dan Tehan and ASM managing director David Woodall. Australian Strategic Materials Ltd (ASX:ASM) (OTCMKTS:ASMMF) has hit a new high after entering a conditional exclusive framework agreement with a consortium of South Korean investors to subscribe for a 20% equity interest in the Dubbo Project along with offtake from the company s Korean Metals Plant.

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