US Govt to Fund 2 ASX Rare Earths Companies

[Sparty]

US Government to Fund ASX Rare Earths Companies:
Loan Pledges: The US Export Import Bank (US EXIM) expressed interest in lending $1.28 billion to ASX-listed rare earths companies to counter China's dominance in the market.

Beneficiaries:
Australian Strategic Materials (ASM): $600 million for a rare earths mine near Dubbo, NSW.
Meteoric Resources: $250 million for a rare earths project in Brazil.

Loan Conditions:
Not guaranteed.
Contingent on US companies winning contracts in the projects.

Context:
This builds on US-Australia collaboration to create non-Chinese supply chains for critical minerals.

China controls 70-100% of the global supply in these sectors.

Additional US Support:[
$258 million grant to Lynas for a Texas rare earths refinery.

Benefits for Developers:
Financial backing for pre-revenue companies (Meteoric, Arafura, Liontown).
Credibility boost for Meteoric and ASM (whose projects differ from Lynas').

Specific Projects:

ASM (Dubbo):
Focused on terbium, dysprosium, etc.
Has a metalisation plant in South Korea for final stage processing.
Aims for vertical integration to avoid reliance on China/Vietnam.
Final investment decision expected in December 2024.

Meteoric ASX: MEI (Brazil):
Aims to produce rare earths from ionic clays.
Final investment decision expected in 2025.
Backed by Tolga Kumova (investor in critical minerals).

[Sparty]

I posted this in March 2009



The image is from Google's Analytics (2009) and the green shows where the traffic to www.AustralianRareEarths.com is coming from. Traffic is in proportion to the darkness of the green

The stats show a marked increase from USA up 74%, Malaysia 40% (month on month), and most visitors are looking at our REE mining companies.

It could be that the penny is starting to drop and the USA are starting to see that their pathway to the electron economy is via Australia. That bodes well for our REE companies.

[Sparty]

26 April 2024
Growing North American support builds momentum for Dubbo
Project funding process
Highlights
• Letter of Interest received from Export Development Canada (Canada’s official export credit agency) for up to A$400 million in debt financing package for Dubbo Project
• EDC LoI is additional to A$200M Letter of Support received from EFA and the recently announced LoI from US EXIM for US$600M (A$923M1)

Read: https://asmd.irmau.com/site/pdf/5310...ent-Canada.pdf

[Sparty]

https://investornews.com/wp-content/...SM-4-26-24.pdf

Growing North American support builds momentum for Dubbo
Project funding process
Highlights
• Letter of Interest received from Export Development Canada (Canada’s official export credit agency)
for up to A$400 million in debt financing package for Dubbo Project
• EDC LoI is additional to A$200M Letter of Support received from EFA and the recently announced LoI from US EXIM for US$600M (A$923M1)