Australian Strategic Materials (ASM) has announced a further sale of 60 tonnes of high-purity NdFeB alloy to Noveon Magnetics Inc. (Noveon), the first operational US manufacturer of sintered rare earth magnets. The alloy, produced at ASM’s Korean Metals Plant, will be delivered progressively over six months under an existing supply contract. The sale directly supports…
In 2025, Australian Strategic Materials (ASM) has gone from momentum to delivery. At a time when geopolitics is driving a seismic shift in the rare earths sector, ASM’s mine to metals strategy has never been more critical. At our 2025 Annual General Meeting (AGM), ASM Chair Ian Gandel conducted the formal business of the meeting,…
Australian Strategic Materials (ASM) was delighted to participate at the Noosa Mining Conference in November. ASM Managing Director and CEO Rowena Smith presented the Company’s latest updates, including:
The 2025 International Mining and Resources Conference (IMARC) in Sydney provided the perfect platform for Australian Strategic Materials (ASM) to engage with the stakeholders driving the future of critical minerals supply. The timing of this year’s event proved particularly significant for ASM. With our successful $55 million capital raise and the US-Australian bilateral framework on…
Australian Strategic Materials (ASM) has released its Quarterly Activities Report for the period ending 30 September 2025, reporting increased production at the Korean Metals Plant (KMP) and major progress across its mine to metals strategy. Key highlights include: Post-quarter, ASM secured firm commitments to raise a further A$55 million to fully fund Phase 2 expansion…
Australian Strategic Materials (ASM) has successfully raised $55 million to double alloy production capacity and advance strategic growth initiatives in the global rare earth supply chain. ASM has completed a strongly supported institutional placement, raising approximately $55 million at $1.20 per share. The capital raising attracted major support from new and existing domestic and international…
Australian Strategic Materials (ASM) has released its 2025 Annual Report, showcasing significant strategic and operational milestones achieved during FY25 that position the Company at the centre of international efforts to build sustainable, alternative rare earth supply chains. The Korean Metals Plant (KMP) demonstrated particularly strong commercial momentum, with multiple product qualification processes completed and advanced…
The momentum around building resilient and secure rare earth supply chains is accelerating in the United States. Chief Operating Officer Chris Jordaan and Chief Legal & External Affairs Officer Annaliese Eames undertook the US site tour in July. ASM has been at the heart of discussions in Washington DC and is proud to be part…
Following the release of our Heap Leach Scoping Study and the transformational approach it offers to developing the Dubbo Project, MST Financial has produced a second research paper on Australian Strategic Materials. Research analyst Chris Drew highlights three recent factors driving an increased share price valuation of A$2.16: This updated analysis reflects our strengthened position…
ASM has received strong support from high-quality existing and new international and domestic institutional investors to raise A$13 million under an institutional placement (Placement). The Placement adds to our recently completed and oversubscribed Share Purchase Plan (SPP), delivering a total of A$24.9 million before costs. “We are delighted with the positive response to our top-up…