Australian Strategic Materials Limited (ASX: ASM) welcomes Prime Minister Scott Morrison’s comments from Washington DC over the weekend following the Quadrilateral Security Dialogue. Speaking from outside the White House at the end of the Quad meeting of leaders, Mr Morrison said Australia would host a clean energy summit next year under the Quad umbrella that…
ASM is pleased to announce that Julie Jones, ASM’s General Counsel, has been appointed Joint Company Secretary, effective immediately. Dennis Wilkins will remain as Joint Company Secretary with Ms Jones. Ms Jones is an experienced General Counsel and Company Secretary with a strong background in mining and manufacturing, and has more than 18 years of…
Highlights ASM continued to execute its “mine to metal” strategy: Finalised A$92m capital raising. (ASX Release 21 April 2021: Completion of NonRenounceable Entitlement Offer and Shortfall Notice) Received A$200m letter of support from Export Finance Australia for Dubbo Project. (ASX Release 28 June 2021: Export Finance Australia issues letter of support for the Dubbo Project)…
ASM (the Company) has entered into a conditional exclusive framework agreement (Agreement) with a consortium of South Korean Investors to subscribe for a 20% equity interest in Australian Strategic Materials (Holdings) Ltd (ASMH) for a subscription price of US$250m (equivalent to AU$340m based on current exchange rates) (Proposed Transaction). ASMH is a wholly owned subsidiary…
ASM is pleased to announce key leadership appointments to drive the Company’s progress towards the implementation of its “mine to manufacturer” strategy in the production of critical metals, including rare earths for advanced manufacturing. Chief Operating Officer – Rowena Smith Rowena Smith joins ASM from her former role with South32 as the Chief Sustainability Officer…
Highlights ASM Metals Business Successful production of pre-sintered permanent magnets, with properties and quality confirmed by the Korean Institute of Rare Metals (KIRAM). A 75kg/day run of titanium (Ti) metal powder was successfully produced by Ziron Tech at a pilot scale (metal purity 99.918%, O2 < 300ppm). Quality and significant environmental benefits of high purity…
ASM announces the Company’s pro-rata non-renounceable entitlement offer (Entitlement Offer) of new ordinary shares in the Company (New Shares), closed on 16 April 2021 and proceeds of $26,919,096 have been raised pursuant to the Entitlement Offer. The Company received applications from eligible shareholders for 5,608,145 New Shares at the issue price of $4.80 per New…
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…
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…
Highlights ASM Metals Business Completed acquisition of 95% interest in joint venture partner Ziron Technology Corporation (Ziron Tech) Produced 8.6kg of high-purity zirconium metal powder at 98% Zr and 1.5% Hf Korean Atomic Energy Research Institute (KAERI) confirmed de-hafniated zirconium metal meets Korean market requirements Agreement with Dongkuk Refractories & Steel to design, develop, assemble,…