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Australian Strategic Materials Ltd
(Sydney:ASM)
Australian Strategic Materials Ltd (ASM) vs. iShares MSCI Australia ETF (EWA)
Australian Strategic Materials Ltd Business Overview & Revenue Model
Australian Strategic Materials Ltd Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 3.10M | 3.11M | 4.44M | 1.87M | 1.38M | 212.00K | Gross Profit |
| -4.00M | -6.09M | -11.32M | -11.21M | -2.40M | -716.00K | EBIT |
| -24.87M | -24.51M | -27.68M | -27.65M | -7.21M | -1.78M | EBITDA |
| -24.05M | -22.51M | -26.02M | -25.52M | -6.19M | -838.00K | Net Income Common Stockholders |
| -30.51M | -25.15M | -26.27M | -24.27M | -783.00K | -4.26M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 32.60M | 47.60M | 56.66M | 60.22M | 93.32M | 18.54M | Total Assets |
| 248.37M | 258.96M | 267.22M | 250.70M | 228.63M | 139.54M | Total Debt |
| 16.77M | 16.86M | 17.70M | 17.27M | 0.00 | 117.73M | Net Debt |
| -15.83M | -30.75M | -38.95M | -42.95M | -93.32M | 99.19M | Total Liabilities |
| 57.00M | 54.37M | 51.26M | 51.00M | 26.03M | 144.30M | Stockholders Equity |
| 191.32M | 204.58M | 215.92M | 199.62M | 202.55M | -4.76M |
| Cash Flow | Free Cash Flow | ||||
| -26.80M | -30.79M | -47.29M | -78.61M | -14.21M | -3.38M | Operating Cash Flow |
| -18.76M | -15.62M | -35.02M | -37.59M | -5.21M | -222.00K | Investing Cash Flow |
| -8.92M | -7.69M | -7.98M | -33.53M | -9.29M | -4.77M | Financing Cash Flow |
| 14.87M | 14.35M | 39.78M | 38.04M | 89.29M | -3.44M |
Australian Strategic Materials Ltd Technical Analysis
Australian Strategic Materials Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.03B | -1.13 | -21.36% | 3.65% | 2.87% | -30.54% | |
48 Neutral | AU$92.03M | ― | -15.33% | ― | -52.53% | -27.29% | |
| $5.01B | 168.44 | 2.27% | ― | ― | ― | ||
| $306.73M | 24.28 | 5.86% | ― | ― | ― | ||
| $280.06M | ― | -33.33% | ― | ― | ― | ||
| $1.09B | 7.28 | 10.39% | 2.03% | ― | ― | ||
33 Underperform | AU$58.55M | ― | -86.77% | ― | ― | -879.59% |
Australian Strategic Materials Ltd Corporate Events
ASM has announced increased momentum in metal and alloy sales at its Korean Metals Plant, with confirmed sales of NdPr metal and NdFeB alloy to key partners. This development reinforces ASM’s reputation as a trusted supplier of rare earth materials and highlights its strategic efforts to establish a secure, ex-China supply chain. The company has secured binding sales purchase orders with Noveon Magnetics in the US and Vacuumschmelze in Germany, marking significant milestones in its commercial operations. These agreements are part of ASM’s broader strategy to strengthen alternative supply chains amid global trade volatility and geopolitical uncertainties. The company’s ongoing collaborations and product validations with various partners underscore its commitment to expanding its market presence and meeting the growing demand for rare earth materials.
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.
ASM has successfully refinanced its ₩3 billion (~A$3.3 million) loan facility with Hana Bank, extending the repayment date to 30 May 2026. This refinancing provides ASM with enhanced financial flexibility to focus on improving technical capabilities and ramp-up activities at its Korean Metals Plant, which is crucial for its operations and strategic positioning in the materials industry.
Australian Strategic Materials Ltd (ASM) has decided not to exercise its option to earn up to 75% of the Rare Earth Element rights at the Mount Squires Project in Western Australia. This decision, effective from June 1, 2025, follows ASM’s high-level metallurgical testwork aimed at creating a REE-enriched mineral concentrate for their Dubbo Project. Caspin Resources, which owns the Mount Squires Project, acknowledges the potential for significant heavy REE mineralization and plans to explore alternative development avenues. Meanwhile, Caspin remains focused on its Bygoo Tin Project, having recently raised over $2 million to support ongoing exploration activities.
Australian Strategic Materials Ltd has decided not to exercise its option to acquire a 75% stake in the rare earth element rights of Caspin Resources Limited’s Mount Squires Project. This decision follows the completion of metallurgical testwork and aligns with ASM’s strategy to focus on its Dubbo Project, which is poised to become a key player in the rare earth separation and refining industry in Australia. The termination of the agreement is effective from June 1, 2025, and reflects ASM’s commitment to exploring other potential rare earth sources to support its strategic goals.
ASM announced that its Managing Director and CEO, Ms. Rowena Smith, will host a webcast on May 6, 2025, to discuss the company’s latest Quarterly Report and Investor Presentation. This event is significant as it provides stakeholders with insights into ASM’s operational progress and strategic direction, potentially impacting its market positioning and investor relations.
Australian Strategic Materials Ltd announced the issuance of 144,570 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions until the restriction period ends, indicating the company’s commitment to incentivizing its workforce while maintaining control over its equity distribution.
Australian Strategic Materials Ltd (ASM) has responded to an ASX price query, stating it is unaware of any undisclosed information that could explain the recent trading activity in its securities. The company attributes the market volatility to geopolitical tensions, specifically US trade tariffs and China’s export restrictions on rare earth elements. ASM emphasizes its strategic position to provide alternative supply solutions, which may have increased demand for its shares amid these developments.
Australian Strategic Materials Ltd has announced an extension of the non-binding and conditional Letter of Interest from Export Development Canada, which now expires on 24 April 2026. This extension indicates continued support for ASM’s Dubbo Project, with a potential direct lending debt facility package of up to A$400 million, subject to due diligence and approvals. The extension, along with previous financial support from Export Finance Australia and the Export-Import Bank of the United States, underscores growing international backing for ASM’s project, potentially enhancing its industry positioning and stakeholder confidence.
Australian Strategic Materials Ltd (ASM) has released a presentation highlighting its strategic focus on the rare earths and critical minerals sector. The announcement underscores ASM’s commitment to optimizing its Dubbo Project, which is expected to deliver strong financial outcomes. This move is significant for the company’s operations as it aims to enhance its position in the market by ensuring a stable supply of essential high-tech metals. The presentation also emphasizes the company’s adherence to previous estimates and technical parameters, reinforcing its strategic objectives and providing confidence to stakeholders.
Australian Strategic Materials Ltd announced the resignation of Nicholas Paul Earner from its board of directors, effective March 1, 2025. This change in leadership may impact the company’s strategic direction and stakeholder relationships, as directors play a crucial role in guiding company policies and decisions.
Australian Strategic Materials Ltd has released its interim financial report for the half-year ending December 31, 2024. The report includes the company’s financial statements and highlights changes in its board of directors, with a resignation and a new appointment. This announcement could impact the company’s strategic direction and influence stakeholder confidence.
Australian Strategic Materials Ltd has announced the quotation of 21,046 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective March 11, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market positioning, reflecting its ongoing efforts to support its operational and strategic initiatives.
Australian Strategic Materials Ltd announced the cessation of 209,324 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders, reflecting the challenges in meeting performance conditions within the strategic materials sector.