We await Wednesday , to see how this "material raising "unfolds ,,,,,but Dazed has drawm attention to this previous May Announcement , which I have copied below .
I wonder if the decision in May ,
to negotiate on a non exclusive basis for investments in ASM , mightt come into play here ,
and we see an additional partner / Partners brought in !The very recent Quarterly drew attention to "advanced off take discussions "with other partners ie
# Nd FEb Commercial in-confidence sales discussions advanced with US and Korean magnet makers seeking to
purchase NdFeB alloy from the Korean Metals Plant. ASM advanced commercial-in-confidence
discussions to ensure the long-term supply of NdPr feedstock. These discussions have continued into the
December quarter.
# Titanium and LK process ASM expects to progress commercial in-confidence discussions to sell titanium products to US, Korean
and Japanese customers in the 2023 calendar year.
I personally think the addition of a substantial US PARTNER here , would likely be very beneficial , as it could well be there are already business links between them ...and furthermore , any USA partner may be eligible for Govt Funding under the BIL support funding for critical metals now being issued .
Perhaps the recent high level TRADE DISCUSSIONS in Washington held be Govt Agencies and attended by ASM , have been successful .
Pure conjecture ....and we will see in a couple of days if it has any relevance !EditConcurrently with the KCF Equity Investment, the parties have agreed to revise the Framework
Agreement3
(Revised Framework Agreement). Under the Revised Framework Agreement, the parties
have agreed to negotiate on a non-exclusive basis for investments in ASM, Australian Strategic
and Japanese customers in the 2023 calendar yearrties have agreed to revise the Framework
Agreement3
(Revised Framework Agreement). Under the Revised Framework Agreement, the parties
have agreed to negotiate on a non-exclusive basis for investments in ASM, Australian Strategic
Materials (Holdings) Ltd (ASMH), KSM Metals Co, Ltd (KSMM), and for a 2,800 5-year offtake
agreement for the supply of NdFeB alloy.
The investments to be negotiated under the Revised Framework Agreement, are for the Korean
Consortium to:
o facilitate a strategic investor to acquire 10% of ASMH shares for USD 125 million,
o make an additional USD 105 million equity investment in ASM (which would be subject to
shareholder approval), and
o invest USD 50 million via a convertible bond for a 30% stake in KSMM (ASM's subsidiary
that owns the Korean Metals Plant).
The Revised Framework Agreement builds on the relationship established between ASM and the
Korean Consortium while providing flexibility for ASM to secure the right strategic partner for its
Dubbo Project.
(20min delay)