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ASM Secures A$55M to Double Alloy Output Amid Rare Earth Supply Shakeup
9:50am on Monday 20th of October, 2025 AEDT
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ASM Secures A$55M to Double Alloy Output Amid Rare Earth Supply Shakeup
9:50am on Monday 20th of October, 2025 AEDT
Key Points
A$55 million raised at A$1.20 per share via institutional placement
Funding to double alloy production capacity at Korean Metals Plant to 3,600 tpa
Plans to advance downstream expansion in Korea and/or the US
Strong backing from domestic and international investors, including US entities
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Australian Strategic Materials (ASX:ASM)
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