Australian Strategic Materials Ltd

Equities

ASM

AU0000094153

Non-Gold Precious Metals & Minerals

Market Closed - Australian S.E. Other stock markets 07:10:36 13/05/2024 BST			5-day change	1st Jan Change
1.01 ^AUD	-0.49%		0.00%	-20.47%

04-29	Australian Strategic Materials Provides Q1 Updates	MT
04-26	Australian Strategic Materials Receives Letter of Interest from Export Development Canada; Shares Gain 3%	MT

Australian Strategic Materials welcomes long-term sales deal with USA Rare Earth

August 04, 2023 at 07:46 pm

(via NewsDirect)

Australian Strategic Materials Ltd (ASX:ASM) MD Rowena Smith speaks with Proactive soon after signing a five-year binding sales and tolling framework agreement with USA Rare Earth. The agreement was made through ASM's wholly owned subsidiary, ASM Korea Co., Ltd, and is set to strengthen ASM's strategic supply relationships with the US magnet production industry.

Under the agreement, ASM's Korean Metals Plant (KMP) will supply neodymium iron boron (NdFeB) alloy to support USARE's production ramp-up of high-performance rare earth magnets.

Smith said: “USA Rare Earth’s magnet manufacturing capability and approach to market makes them a perfect customer and partner for ASM.

“As we continue to increase our metal production output from our Korean Metals Plant, this long-term supply agreement demonstrates the growing demand and positive trajectory of the US rare earth magnet market.”

USA Rare Earth CEO Tom Schneberger said of the agreement: “Having a supply agreement in place with ASM plays a critical role in delivering on our vision of achieving magnet production in 2024.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Australian Strategic Materials Ltd

Australian Strategic Materials Provides Q1 Updates	04-29	MT
Australian Strategic Materials Receives Letter of Interest from Export Development Canada; Shares Gain 3%	04-26	MT
Australian Strategic Materials, Caspin Sign Option Agreement for Earn-In Rights in Mount Squires Project	04-10	MT
Perpetua Resources gets nod to seek $1.8 bln US loan for antimony mine	04-08	RE
Transcript : Australian Strategic Materials Ltd - Special Call	04-02
Australian Strategic Materials Taps Bechtel Mining and Metals for FEED Services at New South Wales Project; Shares Up 6%	03-25	MT
Australian Strategic Materials Receives Conditional Debt Funding from US Export-Import Bank; Shares Up 22%	03-20	MT
US backs Australian rare earths project with $600 mln letter of interest	03-20	RE
Australian Strategic Materials Ltd Reports Earnings Results for the Half Year Ended December 31, 2023	03-13	CI
Australian Strategic Materials' CFO Appointment Takes Effect a Week Earlier; Shares Down 7%	01-22	MT
Australian Strategic Materials Ltd Appoints Stephen Motteram to the Role of Chief Financial Officer, Effective 29 January 2024	11-29	CI
Transcript : Australian Strategic Materials Ltd - Shareholder/Analyst Call	11-22
Australia's Blackstone sticks to Vietnam rare earth bid plan despite partner's arrest	23/10/23	RE
Australian Strategic Materials Achieves High Rare Earth Separation Rates at Dubbo Project	12/10/23	MT
Australian Strategic Materials Ltd Reports Earnings Results for the Full Year Ended June 30, 2023	29/09/23	CI
Inside Vietnam's plans to dent China's rare earths dominance	25/09/23	RE
Australian Strategic Materials Appoints COO	21/08/23	MT
Australian Strategic Materials Ltd Appoints Mr. Chris Jordaan as Chief Operating Officer, Effective 24 August 2023	20/08/23	CI
Australian Strategic Materials Ltd Announces Mr. Jason Clifton Resigns as CFO, Effective on 10 November 2023	20/08/23	CI
Australian Strategic Materials Hires Consultant for Dubbo Project Infrastructure Study	17/08/23	MT
Usa Rare Earth Signs Supply Agreement with Australian Strategic Materials	03/08/23	CI
Australian Strategic Materials Signs Alloy Supply Deal; Shares Up 7%	03/08/23	MT
Australian Strategic Materials Receives AU$6.5 Million Grant for New South Wales Project	18/05/23	MT
Australia hands out critical minerals grants	18/05/23	RE
Australian shares fall ahead of RBA minutes	16/05/23	RE

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Company Profile

Australian Strategic Materials Ltd is a producer of critical metals for advanced and clean technologies. It is engaged in extracting, refining and manufacturing high-purity metals, alloys and powders, supplying direct to global manufacturers in clean energy, electric vehicles, aerospace, electronics and communications. Its segments include Korea, Dubbo, and Corporate. The Korea segment includes the construction and commissioning of the Korean Metals Plant. The Dubbo segment includes the evaluation and feasibility of the Dubbo project. The Companyâs Dubbo Project is located near the Australian town of Toongi, 25 kilometer (km) south of Dubbo, in central-western New South Wales (NSW). Its Korean Metals Plant is located in the Ochang Foreign Investment Zone, in Ochang Province, approximately 115 kilometers south of Seoul, Korea. Its products include neodymium, praseodymium, terbium, dysprosium, zirconium, niobium, and hafnium.

Sector

Non-Gold Precious Metals & Minerals

Calendar

25/08/2024 - Q4 2024 Earnings Release (Projected)

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Sector Rare Earth Minerals

	1st Jan change	Capi.
AUSTRALIAN STRATEGIC MATERIALS LTD	-20.47%	120M
CHINA NORTHERN RARE EARTH (GROUP) HIGH-TECH CO.,LTD	+4.34%	10.24B
LYNAS RARE EARTHS LIMITED	-3.35%	4.23B
CHINA KINGS RESOURCES GROUP CO.,LTD.	+25.89%	2.85B
MP MATERIALS CORP.	-17.63%	2.67B
SHENGHE RESOURCES HOLDING CO., LTD	+1.38%	2.57B
BRAZILIAN RARE EARTHS LIMITED	+62.30%	433M
ARAFURA RARE EARTHS LIMITED	+12.12%	290M
NORDIC MINING ASA	+19.16%	207M
CHINA RARE EARTH HOLDINGS LIMITED	+12.12%	109M

Rare Earth Minerals