Korea whets appetite for Australian critical minerals miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Following its demerger from Alkane Resources and the listing of its shares on the ASX in July 2020, the company can now focus on its critical materials.
Australian Strategic Materials details key investment and offtake deal for Dubbo project
Australian Strategic Materials Ltd (ASX:ASM) s David Woodall speaks to Proactive following news of a conditional exclusive framework agreement which sees a consortium of South Korean investors subscribe for a 20% equity interest in the Dubbo project along with offtake from the company s Korean Metals Plant.They ll invest US$250 million in the project s holding company Australian Strategic Materials (Holdings) Ltd (ASMH) and it will include provision for a 10-year offtake agreement for up to 2,800 tonnes per annum of neodymium-iron-boron alloy from the Korean Metals Plant (KMP).
Quick facts: Australian Strategic Materials Ltd