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Australian Strategic Materials Ltd ( (AU:ASM) ) just unveiled an update.
Australian Strategic Materials Ltd has announced a proposed underwritten share purchase plan (SPP) allowing eligible shareholders in Australia and New Zealand to subscribe for up to A$30,000 of shares at a discounted price, aiming to raise up to A$3 million. The plan is underwritten by Canaccord Genuity and may include a top-up placement to raise an additional A$2 million, subject to shareholder approval. This initiative is part of ASM’s strategy to strengthen its financial position and support its operations in the critical minerals sector.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Ltd (ASM) operates in the rare earths, critical minerals, and high-tech metals industry, focusing on the production and supply of these essential materials. The company is involved in developing and producing strategic materials that are crucial for various high-tech applications and industries.
Average Trading Volume: 462,266
Technical Sentiment Signal: Hold
Current Market Cap: A$128.8M
Learn more about ASM stock on TipRanks’ Stock Analysis page.