Company
Australian Strategic Materials Ltd
ASX:ASM
Australian Strategic Materials Ltd (ASX:ASM) is an emerging vertically integrated producer of critical metals for new growth industries, high technologies and sustainable energy solutions. The company's "mine to metals" business model is to extract, refine and manufacture high-purity metals and alloys, supplying directly to global technology manufacturers. The cornerstone of ASM's "mine to metals" model is its Dubbo Project in New South Wales. This large resource of rare earths, zirconium, niobium and hafnium has a life of several decades. Dubbo has all major approvals in place and will produce oxides for processing into metals at ASM's metals plants.
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Australian Strategic Minerals' Dubbo Project awarded $500,000 from NSW Government Critical Minerals Fund
“With terbium and dysprosium not currently produced in NSW, commercial development of these products will benefit not just ASM but support the region and NSW as a whole, as the state looks to become a major global supplier and processor of
Australian Strategic Materials receives strong placement support; raises $30 million
The company has also announced a non-underwritten share purchase plan targeting a further A$10 million.
Australian Strategic Materials signs MoU to help establish a rare earths global supply chain
The MoU fits nicely into ASM’s wheelhouse as the company pushes further with its vertically integrated mine to metals business model.
Australian Strategic Materials makes first sale of neodymium praseodymium metal from Korean plant
"In just over a year, we have taken our Korean Metals Plant from start of construction to commercial production. This is a remarkable feat of dedication from our team,” said CEO Rowena Smith.
Rare earths & specialist minerals
Australian Strategic Materials thanks outgoing MD/CEO David Woodall, appoints Rowena Smith CEO
“The board thanks David, who led the company through its early stages following the demerger from Alkane, through to the delivery of a successful optimisation study and the construction of our Korean Metals Plant,” said chairman Ian Gandel.
Rare earths & specialist minerals
Australian Strategic Materials awards conditional contract for Dubbo Project design work
The contract to provide engineering, procurement and construction definition work (EPCD) has been awarded to South Korean company Hyundai Engineering Co., Ltd.
Australian Strategic Materials higher as mine-to-metals strategy boosted by US$15 million equity funding from Korean Consortium
“We are pleased to maintain our close relationship with Korea and our partners, who are highly supportive of ASM's mine-to-metals strategy. These partners wish to secure their supplies of the metals needed to drive Korea's manufacturing ind
Australian Strategic Materials opens critical metals plant in South Korea
“We know that global demand for critical metals is predicted to outstrip supply," ASM managing director David Woodall said. "Our Korean Metals Plant represents a new source for these critical metals. Products from the plant will help to de-
Australian Strategic Materials teams up with Hyundai Engineering Corporation for Dubbo Project FEED and EPC
ASM managing director David Woodall said exclusively engaging with HEC was another key milestone in moving the Dubbo Project towards a Final Investment Decision and demonstrates the support the Dubbo Project has from key stakeholders in Kor
Australian Strategic Materials well-funded to advance critical metals asset in NSW and South Korean value-add
“We are in a strong position to build a successful company based on our Korean metal plant being at its designed capacity of 5,200 tonnes per annum in the second half of 2022, and to progress the development and financing of the Dubbo Proje
Rare earths & specialist minerals
Australian Strategic Materials’ consortium of potential Korean investors completes Dubbo Project due diligence
“Together we are now focused on securing a significant South Korean, strategic investor to partner with ASM on its Dubbo Project and to completing the terms for a formal binding agreement. Our relationship with our Korean partners continues
Australian Strategic Materials appoints Kerry Gleeson as non-executive director
Gleeson is an experienced independent non-executive director, chair and committee member with over two decades of experience as a director, senior executive and board advisor of various ASX-listed companies.
Australian Strategic Materials signs joint statement for Korean cooperation on critical metals
A Joint Statement of Cooperation has been signed with the Korean Mine Rehabilitation and Resource Corporation (KOMIR).
Australian Strategic Materials presents “strong go forward case” in Dubbo Project optimisation
"The optimisation work confirms we have a project that can integrate into our metals business to create an alternate, sustainable, secure and stable long-term supply of critical metals and oxides,” said MD.
Australian Strategic Materials hits key milestone with hot commissioning underway on neodymium furnace at Korean Metals Plant
This represents the first phase of commissioning activities, with additional modules of the Korean Metals Plant undergoing construction and installation.
Rare earths & specialist minerals
Australian Strategic Metals looks back on pivotal September quarter ahead of Korean metals project commissioning
The critical materials stock, a spin-off from public gold miner Alkane Resources, spent the September quarter advancing its cornerstone Dubbo Project in New South Wales and constructing its Korean metals plant.
Australian Strategic Materials progresses financing arrangements for Dubbo Project
The project in Central West NSW is a potential long-term resource of rare earths, zirconium, niobium and hafnium which are critical for a diverse range of advanced and clean technologies.
Australian Strategic Materials and Imugene added to S&P/ASX 300 index in rebalance
The benefit to stock prices on inclusion in the index is significant because all the ETF’s that track or try to emulate the S&P/ASX 300 must take positions and buy stock in the company.
Australian Strategic Materials achieves key milestones toward ‘mine to metal’ vision
ASM is developing the long-life Dubbo Project in NSW to produce high-quality oxides of zirconium, rare earths, niobium and hafnium.
Australian Strategic Materials hits new high on US$250 million framework agreement with South Korean consortium for 20% of Dubbo Project
This agreement creates a financing pathway for ASM to develop the Dubbo Project and execute its 'mine to metal' strategy.
Australian Strategic Materials in trading halt ahead of news on its flagship Dubbo Project
Securities will remain in a trading halt until Wednesday, July 21, 2021, or when an announcement is released to the market.
Australian Strategic Materials welcomes Export Finance Australia letter of support for Dubbo Project
The critical metals to be produced from the Dubbo Project, including zirconium, niobium and hafnium, and the rare earth elements neodymium, praseodymium, terbium and dysprosium, are in high demand for a suite of modern industrial applicatio
Australian Strategic Metals boosts leadership team with six new appointments to drive 'mine to manufacturer' strategy
The company is focused on producing specialty metals and oxides for advanced technologies and is 100% owner of the Dubbo Project.
Australian Strategic Materials directors show confidence in metals technology strategy by entitlement offer participation
The company has completed a pro-rata non-renounceable entitlement offer for proceeds of almost $27 million in addition to a recent $65 million placement.
Australian Strategic Materials builds on strong momentum with $92 million capital raising
The company has completed a pro-rata non-renounceable entitlement offer for proceeds of almost $27 million in addition to a $65 million placement.
Australian Strategic Materials gains strong endorsement of metals strategy by attracting two new substantial holders
FIL Limited and its related entities now hold a 5.82% stake while Chapelgreen Pty Ltd and its related entities hold a 5.66% stake.
Australian Strategic Materials higher as balance sheet boosted through A$106 million capital raising
The funds raised puts the company in a strong position as it progresses key workstreams, including development of the Korean Metals Plant and advancing key FEED workstreams on the Dubbo Project in NSW.
Australian Strategic Materials in trading halt with material capital raising announcement pending
The company recently signed an MoU with a Korean province authorities for its proposed Korean Metals Plant, which will initially produce high-purity neodymium-iron-boron powder and titanium powder.
Australian Strategic Materials signs MoU to locate first metals plant within the Ochang Foreign Investment Zone in South Korea
The MoU covers the supply of utilities, administrative licences and permit procedures, including the Korean Standard Industrial Classification code for rare metals and rare earth metals.
Australian Strategic Materials to start designing Korean Metals Plant after scoping study demonstrates feasibility
A scoping study investigating the economics of a 5,200 tonnes per annum metals plant in Korea has confirmed its financial potential.
Australian Strategic Materials in trading halt ahead of scoping study results
Recent testing provides a strong indication that ASM’s NdFeB alloy is suitable to produce rare earth permanent magnets that are commercially in demand in Korea.
Australian Strategic Materials produces rare earth permanent magnets at Korean facility
KIRAM’s testing has provided a strong indication that ASM’s NdFeB alloy is suitable to produce rare earth permanent magnets that are commercially in demand.
Australian Strategic Materials has titanium powder approved for 3D printing
After achieving a production milestone from the pilot plant in Korea, the company is progressing negotiations and continuing discussions with potential offtake and strategic partners.
Rare earths & specialist minerals
Australian Strategic Materials well set to continue ‘mine to manufacturer’ transition in 2021
The company has made strong progress with the optimisation feasibility study for its flagship Dubbo Project and this remains on target and budget for delivery at the end of this quarter.
Australian Strategic Materials set for further growth after stellar start on ASX
The company has been a major success story and has hit several key milestones as it moves towards becoming an independent fully integrated mine-to-metal producer of critical materials.
Australian Strategic Materials produces 6 kilograms of key NdFeB alloy for permanent magnets
Neodymium magnets are the strongest commercially available permanent magnets and are widely used in computers, mobile phones and clean technologies.
Australian Strategic Materials confirms commercial scalability of innovative metallisation process
The company believes that the key to the successful demonstration of commercial scalability was improving its unique metallisation process, which led to doubling metal yield.
Australian Strategic Materials produces essential permanent magnet metal alloy
The company has produced 200 kilograms of FeNd alloy using its low energy metallisation process, which has significant environmental advantages over the industry standard process.
Australian Strategic Materials completes acquisition of 95% stake in JV partner Ziron Tech
ASM group now owns all of Ziron Tech's patents, related IP and technology, which has been applied during pilot plant test-work to all major metals found within the company’s flagship Dubbo Project in Central West NSW.
Australian Strategic Materials signs agreement to construct commercial test plant in Korea
The proposed plant will utilise the innovative and patented low emission, high purity metal-refining technology of ZironTech and is being designed and developed to verify a 250-kilogram commercial-grade continuous reduction system.
Australian Strategic Materials higher on producing high-purity zirconium metal at Korean plant
The production of high-purity zirconium from commercial-grade zirconia is an important milestone for ASM, particularly for the development of its strategically important Dubbo project.
Australian Strategic Materials produces 7.5 kilograms of high purity dysprosium metal
Production of this heavy rare earth metal at a larger-scale marks completion of the final key permanent magnet metals to be produced at the Ziron Tech facility.
Australian Strategic Materials produces key heavy rare earth metal dysprosium at Korean facility
The metallisation process has now been proven for the Dubbo Project’s key permanent magnet rare earth products - dysprosium, praseodymium and neodymium.
Australian Strategic Materials produces high purity permanent magnet NdPr alloy
The production of 99.65% pure Neodymium Praeseodymium using patented technology has resulted in interest from leading South Korean companies and government institutes.
Australian Strategic Materials moves toward Dubbo Project final investment decision
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 and value-added production, especially its cornerstone Dubbo Project.
Australian Strategic Materials set to acquire 95% of technology partner Ziron Tech
The company will own all of Ziron Tech’s patents and related IP and technology that were the subject of the RMR Tech joint venture, as well as any IP rights or interests that may be developed by Ziron Tech in the future.
Australian Strategic Materials JV produces high purity titanium with environmental benefits
Korean partner ZironTech’s innovative metal technology cuts energy requirements by 70% in producing the metals, reducing the environmental impacts of traditional methods.
Australian Strategic Materials’ Korean JV produces second key permanent magnet metal
ASM has a licence to commercialise environmentally responsible metal-refining technology for producing key permanent magnet metals as it aims to become an integrated ‘mine to metals’ producer.
Australian Strategic Materials debuts on ASX with focus on ‘critical materials’
Korean JV partner ZironTech has successfully completed the first production run of neodymium metal in its commercial pilot plant.