AML3D Faces Scrutiny Over Timing of US Navy Letter Disclosure
AML3D Limited has confirmed it complied with ASX continuous disclosure rules regarding its recent Letter of Intent with the US Navy, clarifying the timing of its awareness and announcement.
- US Navy Letter of Intent dated 27 June 2025
- AML3D became aware of final signed letter on 4 July 2025
- Disclosure approved by board and announced on 7 July 2025
- Company relied on ASX Listing Rule 3.1A for confidentiality during negotiations
- AML3D confirms compliance with ASX continuous disclosure obligations
Background on the Disclosure
AML3D Limited, an Australian additive manufacturing company, recently addressed an ASX Aware Letter concerning the timing and manner of its disclosure about a Letter of Intent (LOI) from the US Navy. The LOI, dated 27 June 2025, outlines plans for collaboration on key additive manufacturing initiatives, a development that naturally carries significant market interest.
Timing and Awareness of the Letter
While the LOI was dated late June, AML3D clarified that it only became aware of the final signed version on 4 July 2025, when the CEO received it via email from the Department of the Navy. Prior to this, the company had been in discussions and had access to draft, unsigned versions of the letter. However, AML3D relied on ASX Listing Rule 3.1A, which allows withholding disclosure of incomplete or confidential proposals, to delay public announcement until the letter was finalized.
Disclosure Process and Compliance
Upon receipt of the final letter, AML3D’s CEO promptly circulated it to the board, cross-checked the contents against earlier drafts, and prepared a draft announcement. The board approved the announcement on 6 July 2025, and it was released to the market before trading opened on 7 July 2025. The company emphasized that it did not disclose any information prematurely and confirmed full compliance with ASX Listing Rule 3.1 regarding continuous disclosure obligations.
Market Reaction and Regulatory Context
The announcement triggered a notable share price increase, with AL3 securities rising from $0.165 to a high of $0.285 following the news. The ASX’s inquiry focused on ensuring AML3D’s adherence to disclosure rules designed to maintain market integrity and investor confidence. AML3D’s detailed response and confirmation of compliance aim to reassure stakeholders that the company acted responsibly and transparently.
Looking Ahead
While the LOI signals a promising collaboration with the US Navy, the exact commercial terms and potential financial impact remain undisclosed. Investors and analysts will be watching closely for further updates on contract execution and the scope of the partnership, which could be a significant growth driver for AML3D’s additive manufacturing business.
Bottom Line?
AML3D’s careful handling of disclosure underscores the fine balance between confidentiality and transparency in high-stakes government collaborations.
Questions in the middle?
- What are the detailed commercial terms and expected financial impact of the US Navy collaboration?
- When will AML3D provide further updates on contract milestones or execution progress?
- Could this collaboration lead to additional government or defense sector contracts for AML3D?
