We are pleased to advise our Quarterly Activities Report to 31 December 2022 has been released.
In line with ASM’s strategic business priorities, key activities for the Quarter included:
- Strengthened balance sheet by $41.1 million via successful Capital Raise, to position the Company to undertake priority activities in 2023;
- Completed the neodymium praseodymium metal commissioning and materially progressed the NdFeB alloy commissioning at the Korean Metals Plant; and
- Negotiated with HEC for a variation to the Dubbo Project EPC Definition contract. This was finalised after the end of the Quarter and the Notice to Proceed for Stage 1 was issued to allow work to commence.