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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 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.11M | 4.44M | 1.87M | 1.38M | 212.00K |
| Gross Profit | -6.09M | -11.32M | -11.21M | -2.40M | -716.00K |
| EBITDA | -22.51M | -26.02M | -25.52M | -6.19M | -838.00K |
| Net Income | -25.15M | -26.27M | -24.27M | -783.00K | -4.26M |
Balance Sheet | |||||
| Total Assets | 258.96M | 267.22M | 250.70M | 228.63M | 139.54M |
| Cash, Cash Equivalents and Short-Term Investments | 47.60M | 56.66M | 60.22M | 93.32M | 18.54M |
| Total Debt | 16.86M | 17.70M | 17.27M | 0.00 | 117.73M |
| Total Liabilities | 54.37M | 51.26M | 51.00M | 26.03M | 144.30M |
| Stockholders Equity | 204.58M | 215.92M | 199.62M | 202.55M | -4.76M |
Cash Flow | |||||
| Free Cash Flow | -30.79M | -47.29M | -78.61M | -14.21M | -3.38M |
| Operating Cash Flow | -15.62M | -35.02M | -37.59M | -5.21M | -222.00K |
| Investing Cash Flow | -7.69M | -7.98M | -33.53M | -9.29M | -4.77M |
| Financing Cash Flow | 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 |
|---|---|---|---|---|---|---|---|
52 Neutral | AU$119.38M | ― | -15.33% | ― | -52.53% | -27.29% | |
44 Neutral | C$976.69M | -6.88 | -14.61% | 2.56% | 17.52% | -32.77% | |
| ― | $55.70M | ― | -15.36% | ― | ― | ― | |
| ― | $92.59M | ― | -21.89% | ― | ― | ― | |
| ― | AU$25.10M | ― | ― | ― | ― | ||
52 Neutral | AU$19.00M | ― | -111.05% | ― | -100.00% | 33.33% | |
48 Neutral | AU$62.87M | ― | -16.88% | ― | -67.72% | 65.78% |
Australian Strategic Materials Ltd Corporate Events
Australian Strategic Materials Ltd has announced a proposed issue of 21,197,096 ordinary fully paid securities, with the issuance date set for August 1, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s capital structure and market positioning. The issuance is subject to ASX’s agreement to quote the securities, indicating a strategic step in raising capital and enhancing liquidity for the company.
Australian Strategic Materials Ltd announced a proposed issue of 1,823,978 ordinary fully paid securities, with the issue date set for September 12, 2025. This move is part of a placement or other type of issue aimed at enhancing the company’s financial position and potentially strengthening its market presence.
Australian Strategic Materials Ltd has successfully raised A$13 million through an institutional placement, with strong backing from both new and existing investors. This capital, along with funds from a recently oversubscribed Share Purchase Plan, will be used to advance ASM’s US metallisation expansion, ramp up production at its Korean Metals Plant, and accelerate rare earth oxide production at the Dubbo Project. These initiatives align with global market trends towards diversified rare earth supply chains, positioning ASM to capitalize on geopolitical shifts and increasing demand for critical metals.
Australian Strategic Materials Ltd has requested a trading halt on its securities pending an announcement regarding a proposed equity capital raising. This move is likely aimed at strengthening the company’s financial position and supporting its strategic initiatives in the critical materials sector. The trading halt is expected to end by the commencement of normal trading on 28 July 2025, or upon the release of the announcement, reflecting ASM’s proactive approach to market communication and stakeholder engagement.
Australian Strategic Materials Ltd has announced a change in the director’s interest, with Gavin Murray Smith acquiring additional shares through a Share Purchase Plan. This acquisition reflects the company’s ongoing efforts to align its leadership’s interests with shareholders and may positively impact stakeholder confidence in the company’s strategic direction.
Australian Strategic Materials Ltd has announced the quotation of 21,005,421 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective from July 24, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders and improving the company’s strategic positioning in the materials industry.
ASM has achieved a significant milestone with its first sale of heavy rare earth metals, specifically terbium and dysprosium, to Neo Performance Materials. This sale, along with the additional sale of 10 tonnes of neodymium-praseodymium, highlights the growing demand for ASM’s products and strengthens its partnership with Neo. The signing of a Memorandum of Understanding between ASM and Neo aims to explore broader collaboration across supply, tolling, and innovation, positioning ASM as a key player in the evolving rare earth magnet supply chain. This collaboration supports ASM’s strategic expansion plans, including the development of a second metals plant in the United States, amid increasing global demand and geopolitical interest in secure supply chains for critical materials.
Australian Strategic Materials Ltd has released a Scoping Study for the Dubbo Project, highlighting a new phased development approach using heap leach purification. This method significantly reduces costs, simplifies construction, and accelerates cash flow generation. The study forecasts a capital cost reduction of over AUD 900 million from previous estimates, positioning ASM as a cost-competitive player among ex-China rare earth producers. Despite the promising financial forecasts, including a pre-tax NPV of up to AUD 1,468 million, the study remains preliminary, with uncertainties around funding and potential ownership changes through sales or joint ventures.
Australian Strategic Materials Ltd (ASM) has announced the closing date for its underwritten Share Purchase Plan (SPP) as 17 July 2025. This plan allows eligible shareholders in Australia and New Zealand to purchase up to A$30,000 worth of new shares at a 20% discount to the market price, without incurring brokerage fees. The SPP is underwritten by Canaccord Genuity (Australia) Limited for A$3 million, ensuring a minimum capital raise. The initiative is aimed at strengthening ASM’s financial position and supporting its strategic objectives in the materials sector.
Australian Strategic Materials Ltd has announced an underwritten share purchase plan (SPP) to raise approximately A$3 million, offering eligible shareholders in Australia and New Zealand the opportunity to purchase shares at a 20% discount to the market price. The SPP, underwritten by Canaccord Genuity, is not expected to materially impact the control of the company, and a potential top-up placement may follow to raise additional funds. This initiative is part of ASM’s strategy to strengthen its financial position and support its ongoing projects in the critical materials sector.
Australian Strategic Materials Ltd announced a share purchase plan allowing investors to acquire fully paid ordinary shares without the need for disclosure under the Corporations Act. This move, confirmed by the company’s compliance with relevant legal provisions, is aimed at strengthening its financial position and supporting its strategic initiatives.
Australian Strategic Materials Ltd has announced a share purchase plan (SPP) allowing eligible shareholders to acquire up to $30,000 worth of new shares. This initiative, compliant with the ASIC Corporations Instrument 2019/547, aims to strengthen the company’s financial position and enhance shareholder value, with the offer set to open on July 19, 2025.
Australian Strategic Materials Ltd has reported promising results from heap leach metallurgical testing at its Dubbo Project, which is focused on rare earth and critical minerals. The test results indicate high recovery rates for key rare earth elements, suggesting a potential reduction in capital and operating costs by simplifying the processing flowsheet. This development is expected to enhance the project’s economic viability and facilitate funding and offtake discussions. The company is advancing a Heap Leach Scoping Study to assess the project’s phased development, with an initial focus on producing separated rare earth oxides, which could generate early revenue and support further development phases.
Australian Strategic Materials Limited has announced a proposed issue of securities under a securities purchase plan, with a maximum of 54,402,204 ordinary fully paid securities to be issued. This move is part of the company’s strategy to enhance its financial position and support its ongoing projects, potentially strengthening its market presence in the strategic materials sector.
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.
Australian Strategic Materials Ltd has announced an underwritten Share Purchase Plan (SPP) to raise approximately A$3.0 million, aimed at advancing key strategic initiatives. The funds will support the company’s US metallisation expansion, enhance the Korean Metals Plant, and further the Dubbo Project Rare Earths Options Assessment. This move aligns with global trends towards resilient and diversified rare earth supply chains, particularly in response to geopolitical shifts, and supports US policy initiatives to reduce foreign supply chain reliance.
Australian Strategic Materials Ltd (ASM) has requested a trading halt on its securities pending an announcement regarding a proposed equity capital raising. This move indicates ASM’s strategic efforts to strengthen its financial position, potentially impacting its market operations and stakeholder interests. The halt is expected to last until the announcement is made or normal trading resumes on 16 June 2025.
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.