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How Will ASM’s A$50.8M Raise Accelerate Its Rare Earths Ambitions?

9:51am on Monday 20th of October, 2025 AEDT Mining
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How Will ASM’s A$50.8M Raise Accelerate Its Rare Earths Ambitions?

9:51am on Monday 20th of October, 2025 AEDT
Key Points
  • A$50.8 million placement at A$1.20 per share, a significant discount to recent prices
  • Key insiders including Chair Ian Gandel and Director Dominic Heaton to participate subject to shareholder approval
  • Funds earmarked for Korean Metals Plant expansion, US Metals Plant development, debt repayment, and working capital
  • Dubbo Project highlighted with conditional debt funding and cost-saving heap leach processing option
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