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Astron Limited ( (AU:ATR) ) just unveiled an announcement.
Astron Limited and Energy Fuels Inc. have received a conditional Letter of Support from Export Finance Australia for up to A$80 million in senior debt project financing for the Donald Rare Earth and Mineral Sands Project. This milestone is crucial for the project’s development, which is expected to enhance global supply chain resilience by producing significant quantities of rare earth elements, including NdPr, Dy, and Tb oxides. The project, with a total funding requirement of A$520 million, aims to commence production by the second half of 2027, contingent on securing financing and a positive final investment decision.
More about Astron Limited
Astron Limited operates in the critical minerals industry, focusing on the production of rare earth elements and mineral sands. The company is involved in the Donald Rare Earth and Mineral Sands Project, which aims to produce materials essential for clean energy, defense, and advanced manufacturing sectors.
Average Trading Volume: 107,036
Technical Sentiment Signal: Strong Buy
See more data about ATR stock on TipRanks’ Stock Analysis page.