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Why Did ASM’s Share Purchase Plan Attract Nearly Four Times Its Target?

8:40am on Monday 21st of July, 2025 AEST Materials
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Why Did ASM’s Share Purchase Plan Attract Nearly Four Times Its Target?

8:40am on Monday 21st of July, 2025 AEST
Key Points
  • SPP raised A$11.86 million, surpassing A$3 million target
  • Funds to accelerate US expansion, Korean Metals Plant, Heap Leach Option
  • Shares issued at 20% discount, trading from 25 July 2025
  • Strong shareholder demand reflects confidence in ASM’s rare earths strategy
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