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Why is Australian Strategic Materials (ASX:ASM) share price higher today?
Kerry Sun | April 29, 2021 10:52am |
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Australian Strategic Materials Ltd(ASX: ASM) share price has nudged 1% higher on Thursday after the company released its March quarterly activities report.
Australian Strategic Materials is an integrated materials business and emerging ‘mine to manufacturer’ producer of critical metals. The company owns the Dubbo project in NSW, a proven long-term resource of rare earths.
Currently, the company is developing its metallisation plant in South Korea to produce a range of high-purity metals and alloys.
At the time of writing, the share price has retreated slightly to $4.82, up 0.84%.
2021-04-26 by Proactive Australia
Australian Strategic Materials Ltd (ASX:ASM) directors have demonstrated their confidence in the company s rare earth metals technology strategy by participating in a one for 14 pro-rata non-renounceable entitlement offer.
This entitlement offer raised more than $26.9 million and took the company s capital raising to almost $92 million after a placement to institutional and sophisticated investors brought in $65 million.
The company received applications from eligible shareholders for 5,608,145 new shares at A$4.80 per share in the offer, representing an approximate 65.23% take-up.
Change of director interests
On April 23, non-executive chairman Ian Gandel acquired a total of 2,105,611 million shares in the offer in two separate indirect interests for combined value of more than $10.1 million.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
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Proactive InvestorsApril 9, 2021 GMT
Sydney, April 09, 2021 (GLOBE NEWSWIRE) Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:
Australian Potash Ltd (ASX:APC) hit a new record high after ongoing work at its 100%-owned Laverton Downs Project (LDP) returned compelling targets with Kambalda-style massive nickel sulphide potential. Click here
Jindalee Resources Ltd (ASX:JRL) has skyrocketed after confirming that the upgraded resource estimate of 10.1 million tonnes at McDermitt Project on the Oregon-Nevada border is the USA’s largest lithium deposit by contained lithium. Click here
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April 09, 2021 02:19 ET | Source: Proactive Investors Proactive Investors London, UNITED KINGDOM
Sydney, April 09, 2021 (GLOBE NEWSWIRE) Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:
Australian Potash Ltd (ASX:APC) hit a new record high after ongoing work at its 100%-owned Laverton Downs Project (LDP) returned compelling targets with Kambalda-style massive nickel sulphide potential. Click here
Jindalee Resources Ltd (ASX:JRL) has skyrocketed after confirming that the upgraded resource estimate of 10.1 million tonnes at McDermitt Project on the Oregon-Nevada border is the USA s largest lithium deposit by contained lithium. Click here