ASM Secures Government Grant for Rare Earths Project

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

Australian Strategic Materials Ltd (ASM) has received a A$5 million grant from the Australian Federal Government to explore cost-effective and expedited production methods for rare earth elements at their Dubbo Project. The grant is part of the International Partnerships in Critical Minerals Program and will assist ASM in progressing towards a final investment decision for the project by the first half of 2026. This financial boost aims to enhance Australia’s critical minerals supply chain and support global energy transition efforts.

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