Would had done their homework. Plenty of potential here.
ASM receives US$600M (A$923 million1) Letter of Interest fromUS EXIM for Dubbo Project, as US partnerships begin to play asignificant role
Highlights• LoI from US EXIM bank for up to US$600M in debt financing package for Dubbo Project•
US EXIM is the official export credit agency of the US federal government•
US government support is a catalyst to increase customer and financing focus in North America•
LoI from US EXIM is in addition to A$200M Letter of Support previously received from EFA•
Dubbo Project is a construction ready, globally significant and long-life rare earths and criticalminerals projectAustralian Strategic Materials Limited
While the LoI is non-binding and conditional, the potential funding support available offered by US EXIMprovides a catalyst to increase customer and financing focus in North America.
The Company will update themarket upon reaching a definitive agreement with US EXIM for funding support.
IMO
ASM Price at posting:
$1.43 Sentiment: Buy Disclosure: Held
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