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 Placement. This capital injection, combined with our oversubscribed Share Purchase Plan, provides confidence and momentum as we accelerate our growth strategy: scaling production capability at our Korean Metals Plant, planning for a potential metals facility in the United States and fast-tracking rare earth oxide production at the Dubbo Project. These investments are key for our growth and long-term success.”
Rowena Smith, Managing Director & CEO