ASM’s parent company Alkane Resources has announced that shareholders have approved the demerger of ASM. Key points: Alkane shareholders overwhelmingly approve the Demerger of ASM, with both resolutions tabled at the Extraordinary General Meeting passed. ASM will become one of Australia’s preeminent specialty materials development companies when it lists on the ASX, which is on…
Australian Strategic Materials’ (ASM) Korean research and development partner, Ziron Tech has completed its preliminary work on the metallisation of neodymium oxide feed producing approximately 1kg of neodymium metal alloy in the laboratory from its patented reduction process in South Korea. The JV is targeting 45% less energy use in its rare earth metallisation process…
Highlights include: Commercial pilot plant commissioned on time and on budget ~30kg of titanium metal alloy was produced during the commissioning of the Commercial pilot plant In the next phase, the alloy will be used to produce high purity (99.9%) titanium metal via the Electro refining process The patented method of metal production utilizes 45%…
As announced to the ASX on 20 May 2020, ASM’s parent company Alkane has resolved to progress with the Demerger transaction to separately list ASM on the Australian Securities Exchange (ASX), subject to shareholder approval and ASX approval for listing. The Demerger Booklet was released to the ASX today, along with the notice of meeting for an…
The Korean Government has awarded US$4.5 million in grants to ASM’s Korean R&D partner Zirconium Technology Corporation (Ziron Tech) to use to progress its commitment to the Joint Venture (JV) with ASM. The grants were awarded as part of the Korean Government’s US$5 billion Industrial Technological Program, led by the Korean Ministry of Industry, Trade…
Australian Strategic Materials (ASM) is one step closer to listing on the ASX, as the board of Alkane Resources (ASX: ALK) has resolved to progress the demerger of ASM, and listing ASM on the ASX, subject to finalisation of outstanding regulatory matters and shareholder approval at an Alkane Shareholder Meeting expected to be convened in early…
Australian Government-owned’ Export Finance Australia (EFA) has confirmed interest in financing Alkane Resources’ (ASX: ALK) Dubbo rare earths Project, stating it closely aligns with the recently announced initiative by the Australian Government to develop its “Critical Minerals” sector. Alkane through its wholly-owned subsidiary Australian Strategic Materials (“ASM”) has been engaged with the Australian Government for…
ASM is to invest in a new clean metal and high purity processing technology being developed in South Korea. The technology converts metal oxides into metals through a carbon-free electrolytic process, with oxygen as a by-product, making it a cost-effective and environmentally superior alternative. It has been proven to be applicable to zirconium, hafnium, and…