ASM Advances on Dubbo Project and Secures Funding

Australian Strategic Materials Ltd (AU:ASM) has released an update.

Australian Strategic Materials Ltd (ASM) has made significant advancements in the Dubbo Project, optimizing the production process to meet increasing global demand and reduce costs. They have entered an agreement to possibly acquire a majority stake in rare earth elements from the Mount Squires Project and have strengthened their financial position with a successful capital raise and a potential A$400 million debt funding package for the project’s construction phase.

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