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ASM to bolster balance sheet through $65m placement and up to a further $41m through entitlement offer

ASM is pleased to announce that the Company has received firm commitments from sophisticated, professional and institutional investors for the placement of approximately 13.5m fully paid ordinary shares (New Shares) at $4.80 per New Share, raising $65m in gross proceeds (Placement). Managing Director, David Woodall, commented: “We are delighted to have completed the placement component…

A group of people in suits and masks pose for a photo in front of a large South Korean flag, with two men holding an open document.

ASM signs MOU with South Korean provincial government for metals plant location

ASM has signed a memorandum of understanding (MoU) with the Chungcheongbuk-do (Chungbuk) Provincial Government and Cheongju-si (Cheongju), City Government to locate its first metals plant (Korean Metals Plant or KMP) within the Ochang Foreign Investment Zone in Korea. The Chungbuk Provincial Government MoU covers supply of utilities, administrative licenses and permit procedures, including the Korean…

A worker wearing a white hard hat and gloves inspects or repairs electrical equipment mounted on yellow metal railings indoors.

Scoping study demonstrates feasibility of ASM Korean metals plant

Highlights Initial 5,200tpa Korean Metals Plant study delivers strong economics Estimated capital – approximately US$35-45million Estimated annual revenue – approximately US$180m-190m Estimated annual EBITDA – approximately US$45m-$50m Expenditure of US$ 1.5m on detailed engineering approved by ASM Board & underway A final investment decision (FID) on the 5,200tpa Korean Metal Plant expected in mid-2021 Plans…