ASX: ASM pathway to execute mine to metal

[Sparty]

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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[Sparty]

https://asmd.irmau.com/site/PDF/379d...GMPresentation

[Sparty]

Australian Strategic Materials Ltd (ASM) is pleased to announce that following ongoing discussions with HEC in relation to the development of the Dubbo Project, it has signed a Heads of Agreement with Hyundai Engineering Corporation Co., Ltd., to exclusively negotiate with HEC the delivery of the FEED, which could progress to the EPC.


https://asmd.irmau.com/site/PDF/bb09...daiEngineering