Australian Strategic Materials (ASM) is pleased to announce it has received a non-binding Letter of Interest (LoI) from the Export-Import Bank of the United States (US EXIM) to provide a debt funding package of up to US$600 million (A$923 million) for the construction and execution phase of the rare earths and critical minerals Dubbo Project.
Highlights
- LoI from US EXIM bank for up to US$600M (A$923M) in debt financing package for Dubbo Project
- US EXIM is the official export credit agency of the US federal government
- US government support is a catalyst to increase customer and financing focus in North America
- LoI from US EXIM is in addition to A$200M Letter of Support previously received from EFA
- Dubbo Project is a construction ready, globally significant and long-life rare earths and critical minerals project
