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


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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. ....

New South Wales , South Korea , South Korean , Jerry Kwak , Ian Gandel , Ian Chalmers , Gavin Smith , David Woodall , Kamur Partners , Korea Magnetco Fund , Equity Partners , Australian Strategic Materials Holdings Ltd , Cerritos Holdings Co , Dubbo Project , Korean Metals , Australian Strategic Materials , Korean Metals Plant , Magnetco Fund , Nic Earner , புதியது தெற்கு வேல்ஸ் , தெற்கு கொரியா , தெற்கு கொரியன் , ஈயந் சால்மர்ஸ் , கவின் ஸ்மித் , டேவிட் வுடால் , பங்கு கூட்டாளர்கள் ,

Australian Strategic Materials Ltd directors show confidence in metals technology strategy by entitlement offer participation


Australian Strategic Materials directors show confidence in metals technology strategy by entitlement offer participation
The company has completed a pro-rata non-renounceable entitlement offer for proceeds of almost $27 million in addition to a recent $65 million placement.
Funds will be used to advance the Korean Metals Plant as well as the Dubbo Project
Australian Strategic Materials Ltd (ASX:ASM) directors have demonstrated their confidence in the company’s rare earth metals technology strategy by participating in a one for 14 pro-rata non-renounceable entitlement offer.
This entitlement offer raised more than $26.9 million and took the company s capital raising to almost $92 million after a placement to institutional and sophisticated investors brought in $65 million. ....

New South Wales , Ian Gandel , Ian Chalmers , Gavin Smith , David Woodall , Korean Metals , Dubbo Project , Mid Caps , Australian Strategic Materials Ltd , Sx Asm , புதியது தெற்கு வேல்ஸ் , ஈயந் சால்மர்ஸ் , கவின் ஸ்மித் , டேவிட் வுடால் , டப்போ ப்ராஜெக்ட் , நடுவில் தொப்பிகள் ,

Australian Strategic Materials Ltd builds on strong momentum with $92 million capital raising


Australian Strategic Materials builds on strong momentum with $92 million capital raising
The company has completed a pro-rata non-renounceable entitlement offer for proceeds of almost $27 million in addition to a $65 million placement.
Funds will be used to advance the Korean Metals Plant as well as the Dubbo Project
Australian Strategic Materials Ltd (ASX:ASM) has taken its capital raising proceeds to almost $92 million after completing a pro-rata non-renounceable entitlement offer for proceeds of $26,919,096.
The company received applications from eligible shareholders for 5,608,145 new shares at A$4.80 per share, representing an approximate 65.23% take-up of the offer.
It follows a placement to institutional and sophisticated investors that was completed on April 6, 2021, raising $65 million. ....

New South Wales , David Woodall , Korean Metals Plant , Dubbo Project , Korean Metals , Mid Caps , Australian Strategic Materials Ltd , Sx Asm , புதியது தெற்கு வேல்ஸ் , டேவிட் வுடால் , கொரியன் உலோகங்கள் ஆலை , டப்போ ப்ராஜெக்ட் , நடுவில் தொப்பிகள் ,