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Australian Strategic Materials Ltd ( (AU:ASM) ) has shared an update.
ASM has successfully refinanced its loan facility with the Korean Development Bank, securing a loan of up to ₩9 billion (~A$10.2 million) after a partial repayment. This refinancing effort, along with a recent Hana Bank loan refinance, enhances ASM’s financial flexibility, allowing the company to focus on improving technical capabilities and ramp-up activities at its Korean Metals Plant.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Limited (ASM) operates in the materials industry, focusing on the production and supply of critical metals. The company is known for its Korean Metals Plant (KMP), which is central to its operations and market strategy.
Average Trading Volume: 388,684
Technical Sentiment Signal: Sell
Current Market Cap: A$90.67M
See more insights into ASM stock on TipRanks’ Stock Analysis page.