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Old 07-21-2021, 07:08 AM
Sparty Sparty is offline
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Default ASX: ASM pathway to execute mine to metal

Key points
ASM has signed a conditional framework agreement with a consortium of South Korean investors for the acquisition of a 20% equity interest in ASM’s Dubbo Project holding company.

Under the Agreement a consortium fund will invest $US250m for the 20% equity interest.

The Investing Partnership intends to establish a second fund to develop a domestic Korean permanent magnet manufacturing business that will enter into an offtake agreement for NdFeB (neodymium-iron-boron) alloy from ASM’s Korean Metals Plant.

The Agreement creates a pathway for ASM to develop the Dubbo Project and execute its ‘mine to metal’ strategy.

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