Further report from Adamas...Last paragraph reads well.....ASM’s...

Further report from Adamas...
Last paragraph reads well.....

ASM’s Dubbo receives $600M LoI from US EXIM:Earlier this week, Australian Strategic Materials (ASM) announced receipt of a $600M non-binding and conditional Letter of Interest (LoI) from the Export-Import Bank of the United States (US EXIM) for a debt funding package to develop its polymetallic Dubbo project in New South Wales, Australia. The LoI is conditional to ASM obtaining all necessary approvals for the project and successful completion of due diligence by US EXIM.In June 2021, ASM received conditional debt funding up to A$200M ($132M) from Export Finance Australia (EFA). The latest LoI boosts available conditional support for Dubbo to $732M. Adamas take:

A massive win for ASM, which has been busy building its downstream South Korean metals and NdFeB alloy business over the past 2-3 years via subsidiary Korean Strategic Materials (KSM).With its downstream business established, the development of Dubbo would make ASM an emerging vertically integrated powerhouse outside of China.