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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
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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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