Australian Strategic Materials Ltd (AU:ASM) has released an update.
Australian Strategic Materials Ltd has completed a $15 million institutional placement, issuing 12,931,035 new shares, and anticipates funding support from Export Development Canada for its Dubbo Project. The company is awaiting a non-binding conditional letter of interest from EDC, with terms still under negotiation. Investors are kept abreast as the company adheres to all requisite financial regulations without disclosing specific placement details.
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