PROJECT FINANCE

ASM in $340M funding boost

AUSTRALIAN Strategic Materials has entered into a conditional exclusive framework agreement with a South Korean investor group that could help lay the paving for the development of the Dubbo product and secure an offtake partner for the under construction Korean Metals Plant.

Diplomats, investors and ASM executives at the signing ceremony for the framework agreement

Diplomats, investors and ASM executives at the signing ceremony for the framework agreement

The US$250 million deal could see the South Korean consortium take a 20% stake in the holding company that owns Dubbo, said to be Australia's largest undeveloped rare earths project. The investors...

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