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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 |
| EBITDA | -24.05M | -22.51M | -26.02M | -25.52M | -6.19M | -838.00K |
| Net Income | -30.51M | -25.15M | -26.27M | -24.27M | -783.00K | -4.26M |
Balance Sheet | ||||||
| Total Assets | 248.37M | 258.96M | 267.22M | 250.70M | 228.63M | 139.54M |
| Cash, Cash Equivalents and Short-Term Investments | 32.60M | 47.60M | 56.66M | 60.22M | 93.32M | 18.54M |
| Total Debt | 16.77M | 16.86M | 17.70M | 17.27M | 0.00 | 117.73M |
| 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 |
|---|---|---|---|---|---|---|---|
44 Neutral | C$964.86M | -6.72 | -13.73% | 2.52% | 17.53% | -32.55% | |
44 Neutral | AU$101.55M | ― | -15.33% | ― | -52.53% | -27.29% | |
| $50.85M | ― | -15.36% | ― | ― | ― | ||
| $80.88M | ― | -21.89% | ― | ― | ― | ||
| AU$25.10M | ― | ― | ― | ― | |||
52 Neutral | AU$17.48M | ― | -111.05% | ― | -100.00% | 33.33% | |
49 Neutral | AU$51.44M | ― | -16.88% | ― | -67.72% | 65.78% |
Australian Strategic Materials Ltd Corporate Events
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.
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.