Australian Strategic Materials (ASM) is pleased to advise that its subsidiary Australian Strategic Materials (Holdings) Pty Ltd (ASMH) has appointed global engineering company Bechtel Mining and Metals, Inc (Bechtel) to conduct Front-End Engineering Design (FEED) services for ASM’s rare earths and critical minerals Dubbo Project in New South Wales (NSW).
Highlights
- New contract will deliver critical path to final investment decision for the Dubbo Project
- Strategic partnership with Bechtel further enhances new funding opportunities with US government entity
- Application submitted for Export-Import Bank of the United States’ (US EXIM) Engineering Multiplier Program (EMP), to cover >80% of FEED contract costs
- Letter of Interest issued by US EXIM in support of ASM’s EMP application.
